Editorial

Party of fiscal responsibility?

Wednesday, March 2, 2016

The three leading Republican presidential candidates have all proposed tax plans with enormous tax breaks for those who need them least - elimination of the estate tax, massive reductions in corporate taxes, and unspecified reductions in domestic spending.

The math from the non-partisan Tax Policy Center found that Trump would add $11.9 trillion to the debt over the next 10 years. That would increase the debt by nearly 40 percent. Cruz ($10.2 trillion) and Rubio ($8.2 trillion) would also cut taxes, increasing the debt by 36 and 29 percent, respectively.

Cruz and Rubio also support increases in military spending.

George W. Bush's historic cuts amounted to $1.82 trillion in today's money, and he did it when the country was running a surplus.

Most of the cuts would go to the richest Americans on the theory that it would spur economic growth - despite that theory having failed repeatedly for decades.