Letters to the Editor

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TAXES: Republicans for increasing U.S. debt

Letter by Charles L Allyn, Tacoma on May 29, 2012 at 2:20 pm | 5 Comments »
May 30, 2012 10:34 am

Re: “House GOP leaders plan summer tax cut vote” (TNT, 5-26).

The House Republicans plan to vote this summer on extending the Bush tax cuts, due to expire at the end of 2012. By doing so, they are for borrowing more money and increasing the national debt rather than trying to pay for some of the large debt that we have accumulated.

The Bush tax cuts reduced the income from personal income taxes about $200 billion in the first year (2002) after enactment and increased the national debt by this amount each year thereafter.

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