Whitehouse: Republicans' fixation on tax cuts for billionaires is driving up the national debt

Statement

"In their blind loyalty to their mega-donors, Republicans' fixation on giant tax cuts for billionaires has created a revenue problem that is driving up our national debt. Even as federal spending fell over the last year relative to the size of the economy, the deficit increased because Republicans have rigged the tax code so that big corporations and the wealthy can avoid paying their fair share.

Fixing our corrupted tax code and cracking down on wealthy tax cheats would help bring down the deficit. It would also ensure teachers and firefighters don't pay higher tax rates than billionaires, level the playing field for small businesses, and promote a stronger economy for all."

Source