Republicans lay groundwork for 'total tax cliff' at end of Trump's term

[BumRushDaShow]

5. Senate Budget Committee Ranking Member Jeff Merkley explains it here

https://www.budget.senate.gov/ranking-member/newsroom/press/heres-what-theyre-saying-bipartisan-policymakers-and-budget-policy-analysts-criticize-republicans-magic-math-that-will-explode-the-deficit

From the above, an excerpt by Warren as an analogy -

U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking Committee:

Billionaire math: “You sign your yearlong lease and pay your rent each month for your apartment. When your landlord comes back at the end of the lease and says, ‘How about signing for another year?’ You say, ‘Happy to sign. It won’t cost anything since this is an extension, right?’ Well, of course not.” [LINK]

The link in the excerpt goes to a Xitter post -

Link to tweet

Elizabeth Warren
@SenWarren
You've heard of girl math, but have you heard of billionaire math?

Trump's temporary tax handouts for the rich are expiring this year, and Republicans want working Americans to foot the bill.

They're claiming it'll cost you nothing, but in reality, these tax handouts cost trillions.
0:18 / 1:42
9:42 AM · Feb 27, 2025