As Republicans face a looming deadline to pass a $1 trillion tax bill, they are facing an unexpected problem.
A lot of nuts.
That’s according to the conservative movement, which has grown increasingly alarmed by GOP lawmakers’ tendency to use their positions as a way to expand government, even though the GOP base does not like government.
“I think they’re using it as a distraction to distract from the real problems,” said Mark Krikorian, a senior fellow at the conservative Heritage Foundation who worked on the Tax Policy Center’s Tax Foundation task force that analyzed the tax bill’s effects on small businesses.
In fact, the House GOP bill would slash the tax rates on some high-income earners while raising others, which many Republicans argue will stimulate the economy.
“There’s a lot of people who have an emotional attachment to their job that will be hurt by this bill,” Krikorians told The Daily Signal.
“If you have a big chunk of the population that feels they have no job, it doesn’t really help the economy.”
The Tax Policy Foundation estimates that the House bill would raise revenue by $1.1 trillion over the next decade, though the Tax Foundation is not an independent analysis.
The conservative movement also worries that some of the tax cuts would go to the wealthiest Americans.
The House GOP’s tax bill would increase the standard deduction, which would rise from $6,350 to $12,000 for singles and from $23,000 to $49,000, for married couples.
That is a drop of $200, which will be offset by an increase in the child tax credit, which is now $1,600 per child and $2,000 per child in a married couple.
But the tax credit would increase by $300 for people with income between $150,000 and $200 and $400 for people between $250,000.
That would mean the bill would add about $1 million in income for the top 1 percent of earners.
“What they’re doing is just taking away the incentive for middle class families,” Kriekorian said.
“They’re essentially making it so you have to work harder to get ahead, and they’re not even thinking about it in the middle of the day.”
The House tax bill is also expected to increase the corporate tax rate from 35 percent to 39.6 percent, which can be passed through a procedural vote, which could happen as early as Thursday.
The bill would also add to the deficit.
It would raise $1 billion for infrastructure projects and another $1-trillion for the Highway Trust Fund, which provides federal funding to build roads, bridges, airports, tunnels and other transportation infrastructure.
The Tax Foundation estimates the bill will add $300 billion to the national debt.
“The tax cuts are not offset by any spending cuts, so it’s going to add to our national debt,” said David McIntosh, president of the American Action Forum, which represents the tax and spending interests of conservative lawmakers.
“We think that the Republicans are using the tax cut as a political tool and it’s just going to raise more debt, and I think that’s going.
It’s going too far.
It won’t work.
It will just make the debt worse.”
A lot more nuts is just the new normal for a tax bill that has not passed in Congress since 1986, when Republicans first tried to pass the 1986 tax overhaul.
That legislation, which passed with a $2.9 trillion tax cut, was signed into law by Ronald Reagan.
That bill was the biggest and most unpopular tax cut in U.S. history.
The GOP bill, however, is far from the only tax plan in the GOP tax plan that is expected to add billions of dollars to the debt.
Republicans have also been working on a $20 trillion package of tax cuts and spending cuts for the wealthy, which they are calling the Tax Cuts and Jobs Act.
The tax plan, however has not been passed.
A major reason is that it would add to a long list of spending cuts and tax increases that the GOP is working on in a tax overhaul that is still weeks away.
As a result, Republicans are hoping to pass their tax bill by the end of the year.
And in the meantime, they’re preparing to add more tax cuts to their tax plan.
But Krikorsos claims that the new GOP tax bill will only add to America’s $19 trillion debt, which means it won’t bring much relief to millions of Americans.
“That’s not what this is about,” Kriksorian said, adding that “they’re making it sound like this is going to fix everything.
And that’s not really the case.
They’re just adding more.”
The Trump administration is not looking to get rid of taxes, but the president wants to boost tax revenues by cutting spending on programs that serve low-income Americans, such as food stamps and unemployment benefits.
According to the Congressional Budget Office, if the tax