Following the House's approval of President Trump's significant legislative initiative, conservative dissent has emerged among GOP members. Critics argue that while the bill retains the 2017 tax cuts, it fails to effectively cut spending and increases deficits in the short term. Reps. Thomas Massie and Warren Davidson voiced concerns about the long-term financial implications, emphasizing the bill's inability to guarantee future fiscal restraint. They argue that relying on future Congresses to manage spending does not address the immediate debt issues, with Davidson warning against bankrupting America.
I'd love to stand here and tell the American people, we can cut your taxes and we can increase spending and everything's going to be just fine. But I can't do that because I'm here to deliver a dose of reality.
This bill dramatically increases deficits in the near term, but promises our government will be fiscally responsible five years from now. Where have we heard that before?
Don't bankrupt America! Sadly, the big bill grows debt and deficits this Congress, but promises future Congresses will cut spending.
Promising someone else will cut spending in the future does not cut spending. Deficits do matter and this bill grows them now.
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