The House of Representatives approved a measure extending 56.1 billion dollars tax cuts, by a party line vote of 234 to 197.
The bill would have to be reconciled with a Senate tax cut measure in order to become law.
Republicans in Congress argue that more tax breaks will help keep the economy growing, and credit the tax cuts with creating 4.4 million jobs since their enactment.
Opponents say the stimulative effect of the tax cuts is overrated, and that they benefit the wealthy at the expense of the lower and middle classes. (emphasis mine)
The debt that future generations will inherit will be as a direct result of this fiscal insanity conjured up by the current cabal of Republicans. They are digging an IMMORAL hole of deficit and must be stopped immediately!
Dig Dig Dig