'The Republicans tax and spend'

Print Article

I just reviewed the Government's Annual Report mailed from Rep. Ryan's congressional office. It's an interesting read detailing federal revenue and expenditures albeit from the 60,000 foot level.

Importantly, in smaller font at the bottom of the chart, there is a notation that "spending is 117% of revenue" - another way of saying that nationally we aren't paying our collective bill and 17% of the shortfall will be added to the national debt.

It seems irresponsible to me that, in light of yearly budget revenue shortfalls, Congress passed a massive tax reduction that will add $1.5 trillion to the national debt. Are you comfortable that this huge shortfall will be passed on to our children and grandchildren? I am not.

And, to compound the situation, the vast majority of the tax rebate will be given back to the very wealthy and large corporations without reducing the large number of loopholes that these entities have been using for years. Despite this legislation being branded as a middle class tax cut, it most certainly was not. Like CNN's recent commercial that saying an apple is a banana doesn't make it so - no matter how many times they try.

The Republican Party used to be the party of fiscal responsibility. They've long ago lost this mantle. They tax and spend just like the Democrats they readily criticize. The difference is that Republicans disproportionately prefer to cut taxes to the wealthy to the detriment of the middle and lower classes.

Steve Bartz

Janesville

 

 

 

 

Print Article

Read More Letters to the Editor

'Helping neighbors who are in need'

January 14, 2019 at 11:09 am | I just wanted to take a minute to say thanks for my experience this past weekend. I noticed what a wonderful job is being done carrying on the Wimpy's Fund tradition. Wimpy would be extremely proud ...

Comments

Read More

'Nass ignores Wisconsinites'

January 14, 2019 at 11:10 am | After five requests of my Sen. Steve Nass for the count of contacts he had received opposing and supporting the "lame duck" legislation, I was shocked to be told they had no count to provide. I was ...

Comments

Read More

'Generosity, caring during the holidays'

January 07, 2019 at 10:17 am | On behalf of our residents and staff members, I would like to thank the Stateline Area for the generosity and caring shown to us during the holidays. It truly was a special Christmas season. Through...

Comments

Read More

'Out of touch on immigration'

January 07, 2019 at 10:17 am | Representative Mark Pocan, D-Wis., favors abolishing Immigration and Customs Enforcement (ICE), even though just 25 percent of voters agree. If ICE were abolished, minority communities would be disp...

Comments

Read More

Contact Us

(608) 365-8811
149 State Street
Beloit, WI 53511

©2019 Beloit Daily News Terms of Use Privacy Policy
X