GOP Declares Tax-Cut Extensions 'Free' to Obscure Megabill's Cost

Monday, June 30, 2025

Richard Rubin, the U.S. tax policy reporter for The Wall Street Journal, writes one of the most amazing ledes: "Republicans are waving a $3.8 trillion magic wand over their tax-and-spending megabill, declaring that their extensions of expiring tax cuts have no effect on the federal budget."

Posted by retort at 08:26 AM | 21 COMMENTS | permalink | Comment on This Entry |

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Breaking News: The sprawling tax and health care bill that Senate Republicans are trying to pass would add at least $3.3 trillion to the national debt over a decade, the Congressional Budget Office estimated.[image or embed]
-- The New York Times (@nytimes.com) Jun 29, 2025 at 1:08 PM

Comments

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Our government gets more disgusting every day.

#1 | Posted by Charliecharles at 2025-06-30 08:47 AM | Reply

They have no interest in being honest.

#2 | Posted by Nixon at 2025-06-30 09:01 AM | Reply

How is this in any way conservative?

#3 | Posted by lee_the_agent at 2025-06-30 09:13 AM | Reply

F-R-A-U-D

#4 | Posted by LegallyYourDead at 2025-06-30 09:16 AM | Reply

Nothing for us regular folks.

#5 | Posted by fresno500 at 2025-06-30 09:59 AM | Reply

Is this still what you voted for?

#6 | Posted by jpw at 2025-06-30 10:04 AM | Reply

OLIGARCHY.. the true constituency is being
Represented.

Everyone else is Noise to be ignored.

#7 | Posted by Effeteposer at 2025-06-30 10:37 AM | Reply

New CBO score: $3.3 trillion new debt

#8 | Posted by Sycophant at 2025-06-30 10:39 AM | Reply | Newsworthy 2

"nothing will fundamentally change"
I wonder who it was that said ^ this - and who they were talking to when they said it.

What a bunch of fvkking clowns who expect more from a person they didn't vote for than the imbecile they did vote for.

#9 | Posted by lfthndthrds at 2025-06-30 11:13 AM | Reply

His GOP sycophants in the Senate will suck that outright lie right up. what about the cuts to Medicare and Medicaid that will cause a long lingering death to millions of people.

I guess it's up to the Dems in the House to squelch this boondoggle of a con job bill.

Maybe the Independents will help.

#10 | Posted by Twinpac at 2025-06-30 11:13 AM | Reply

Lindsay Graham had the gall to stand up and say this p.o.s. bill LOWERS the deficit by $500 BILLION.

#11 | Posted by Nixon at 2025-06-30 11:37 AM | Reply

I read something online that said that since taco has a carve out for the medicaid cut for Alaska to bribe murkowski the bill would then violate the byrd rule for reconciliation that prevents this type of carve out.

Don't know if this is true or not.

#12 | Posted by Nixon at 2025-06-30 11:40 AM | Reply

They used Vernon's Calculator?

DOW 1400 Inbound!

#13 | Posted by snoofy at 2025-06-30 11:40 AM | Reply

BTW...so brave of Murkowski to cut a deal for her state and let the rest of poor Americans lose their health insurance.

I am wishing her a raging case of hemorrhoids.

#14 | Posted by Nixon at 2025-06-30 11:41 AM | Reply

The------------- bought Murkowski's vote.

prospect.org

#15 | Posted by reinheitsgebot at 2025-06-30 11:43 AM | Reply

"nothing will fundamentally change"
I wonder who it was that said ^ this - and who they were talking to when they said it.
#9 | Posted by lfthndthrds

Why don't you tell us what it meant, since you think it's such a legendary PWN that you drag it out every quarter.

#16 | Posted by snoofy at 2025-06-30 11:47 AM | Reply

I guess it's up to the Dems in the House to squelch this boondoggle of a con job bill.

#10 | Posted by Twinpac

The minority Party is powerless to do anything about it.

#17 | Posted by Whatsleft at 2025-06-30 11:49 AM | Reply

If nothing fundamentally changed, why was a Biden Presidency such a fundamental bad change for you guys that you had to re-elect Trump?

#18 | Posted by snoofy at 2025-06-30 11:50 AM | Reply

As mentioned in another post, the bond market sees and knows what's happening in this matter. Yields on US debt will be bid up because of this terrible bill. And don't forget that a number of states will come to market to borrower so as to cover the additional load placed upon them. Voters are not fooled either, even the 'poorly educated' Trumpian acolytes. This country's ability to borrow will continue to be pounded, and interest expense as a portion of the US budget will continue to grow...

#19 | Posted by catdog at 2025-06-30 12:29 PM | Reply

"nothing will fundamentally change"
I wonder who it was that said ^ this - and who they were talking to when they said it.
What a bunch of fvkking clowns who expect more from a person they didn't vote for than the imbecile they did vote for.
#9 | Posted by lfthndthrds

Aren't you proud of your TACO for costing us $3.3 trillion so he can give his billionaire buddies a tax cut?

#20 | Posted by Sycophant at 2025-06-30 12:34 PM | Reply

Give a whiteman someone to look down on and he'll let you pick his pocket.

#21 | Posted by fresno500 at 2025-06-30 02:38 PM | Reply