While many special interests are frantically telling lawmakers their tax preferences should be kept in a rewrite of the tax code, two organizations are taking to the airwaves with the message that tax reform must be fiscally responsible.
The tax debate reached the next level as tax cut legislation was introduced in the House of Representatives on Thursday. The bill confirms what we have been warning about for weeks, that lawmakers are considering tax cuts that will add substantially to the national debt.
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The great tax debate is now underway with Congress beginning to consider tax legislation. Help us tell your members of Congress to enact real tax reform that does not add to the national debt.
Congress finally passed a federal budget for fiscal year 2018, more than three weeks after the fiscal year began. But the budget does nothing to put the national debt on a downward path. Instead, the debt could explode due to unpaid-for tax cuts that the budget facilitates.
National Debt and You