As I see it, it once again the GOP emerges from debt ceiling negotiations with some token spending cut promises. Left intact are student loan forgiveness and of course, the golden goose, Medicaid. Although touted as a win, McCarty succeeded in knocking only $10 million off the proposed gift of $80 million to the IRS. That’s 12.5 percent. So the IRS can continue to be weaponized against working Americans while over 50% pay no taxes at all. That “pay their fair share” slogan seems to be reliant on some very fuzzy math. OK, I’ll give the GOP a marginal win in that the Dems didn’t get all that they wanted, and the proposed return of funding for federal agencies to fiscal 2022 levels, while limiting the growth in spending to 1% per year is a step in the right direction.
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