House Republicans Violate Pledge By Adding Nearly $1 TrillionTo Debt
House Republicans vowed to “pay as you go” and not approve measures that add to the debt. But that pledge has gone the way of immigration reform.
More than a dozen bills with costs that are not fully offset elsewhere in the budget have passed the Republican-controlled House and threaten to add nearly $1 trillion to federal debt over the next decade.
The measures include a slew of tax breaks known as tax extenders. Among them are a $155 billion research and development tax credit, a $90 billion expansion of the child tax credit to higher-income families and a $2 billion enhanced tax deduction for businesses that make charitable food donations.
Armed with a “Pledge to America,” Republicans won majority control of the House in 2010. The pledge spelled out the party’s governing principles and included a vow to “balance the budget and pay down the debt.”
To keep the promise, Republicans have demanded that spending increases, including for disaster relief and other crises, be funded or offset in the budget.
Of course, if Republicans really cared about spending, they wouldn’t be racking up millions of dollars by multiple Benghazi hearings and by suing the president.