In it, but not of it. TPM DC

Democrats Seize On McConnell's Plan To Add $4 Trillion To The Deficit With Tax Cuts

Hn662u3rkdhlkpzlpxig
Newscom

This is nothing new, per se.

As TPM reported last month, both the Democratic and the Republican plans for addressing the Bush tax cuts will add trillions to deficits relative to current law -- i.e., letting all the tax cuts expire. But the Republican plan, or an approximation of it, creates hundreds of billions of dollars more debt than the Democratic plan. Either way, it's a recipe for future tax hikes, drastic spending cuts, or fiscal calamity.

But amid the current political melee, Democrats are perfectly pleased to focus on the GOP plan alone. Expect them to make noise about this later today.

About The Author

Ivcd1zuomgpknmdsebhc

Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at brian@talkingpointsmemo.com