On Wednesday, the House passed H.R. 2920, the so-called “Statutory Pay-As-You-Go Act,” which was approved on a 265-166 tally. The bill ostensibly will “reestablish a statutory procedure to enforce a rule of budget neutrality on new revenue and direct spending legislation.” But this is about even more faked-up posturing for spendthrift Democrats, who can use this bill as camouflage to excuse raising taxes on already hard-pressed middle class families in order to pay for yet more wasteful Washington spending. The bill contains several loopholes, should the Democrats wish to evade its restraints, and it wouldn’t apply to the “stimulus,” the pork-larded omnibus, or the proposed government takeover of medical treatment.
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