Hypocrisy Alert: W&M Republicans Choose Multi-Millionaires over Fiscal Responsibility
Ways and Means Republicans today unanimously opposed an amendment to pay for their legislation to expand 529 college savings accounts by limiting their use only to families that earn less than $3,000,000 a year. Yes, that’s six zeros. Why? They were worried about the reporting burdens that multi-millionaires would face. Instead, they chose not to pay the $51 million cost of the 529 expansion.
It’s enough to make you wonder whether their professed concern about the deficit is, well, last year’s concern.
Ways and Means Republicans in 2014:
Rep. Paul Ryan (R-WI): “..if you drive this country to a debt crisis, if you continue spending way beyond your means, if you spend money we don’t have that is taken from the next generation.”
Rep. Kevin Brady (R-TX): “Americans have had it with Washington’s fiscal irresponsibility and I don’t blame them. While families across the nation continue to tighten their belts due to rising costs and shrinking paychecks, Washington continues to spend more than it takes it”
Rep. Kenny Marchant (R-TX): “Americans deserve a fiscally responsible plan to secure job growth, pay down our debts, and grow the economy.”
Rep. Tom Price (R-GA): “The chairman of the Joint Chiefs of Staff, Admiral Mike Mullen, said just a few years ago that the number one threat to our national security is not the threats that we see from other nations and rogue regimes, it is the threat of our national debt.”
Rep. Dave Reichert (R-WA): “The American people know that it is long past time that our government focused on responsible spending.”