Kyl and McConnell then, do not share your concern for reducing spending after tax cuts are made.<quoted text>
I said spending did have to come down. At the earliest possible time after the tax cuts are made.
Finding a spending cut at the same time as passing something as righteous and important to the American people as a tax cut shouldn't be hindered by political squabbling over what gets removed from the rest of our bloated, inefficient and corrupt government.
The Bush tax cuts didn't cause a single penny of debt or deficit. Wasteful and unnecessary government spending did.
Both the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA, Public Law 107-16) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA, 108-94)-- the Bush tax cuts --were examined by the Congressional Budget Office. The CBO along with the Joint Committee on Taxation found that that both those acts would decrease the surplus or increase the deficit by amounts that totaled $1.6 trillion through 2010.
1.6 trillion > 1 penny!