{"id":1937025,"date":"2023-05-24T11:48:53","date_gmt":"2023-05-24T15:48:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-senator-slams-democrats-debt-crisis-plan-of-raising-taxes-exact-wrong-thing-to-do-and-it-doesnt-solve-the-problem\/"},"modified":"2023-05-24T11:52:26","modified_gmt":"2023-05-24T15:52:26","slug":"gop-senator-slams-democrats-debt-crisis-plan-of-raising-taxes-exact-wrong-thing-to-do-and-it-doesnt-solve-the-problem","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-senator-slams-democrats-debt-crisis-plan-of-raising-taxes-exact-wrong-thing-to-do-and-it-doesnt-solve-the-problem\/","title":{"rendered":"GOP senator criticizes Democrats&#8217; debt crisis solution of increasing taxes, calling it ineffective."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgop-senator-slams-democrats-debt-crisis-plan-of-raising-taxes-exact-wrong-thing-to-do-and-it-doesnt-solve-the-problem%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1937025&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"RichTextArticleBody-body\">\n<h2>Senator Daines Slams Democrats\u2019 Plan to Raise Taxes Amid Debt Ceiling Debate<\/h2>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">S<\/span>enator Steve Daines (R-MT) has criticized the Democrats\u2019 inclination to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/these-colorado-dems-say-theyre-running-to-help-working-families-they-voted-for-new-taxes-amid-rising-inflation\/\" title=\"These Colorado Dems Say They\u2019re Running To Help \u2018Working Families.\u2019 They Voted for New Taxes Amid Rising Inflation.\">raise taxes amid<\/a> the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senator-toomey-democrats-dont-need-a-single-republican-vote-to-pass-their-3-5-trillion-bill\/\" title=\"Senator Toomey: Democrats \u2018Don\u2019t Need A Single Republican Vote\u2019 To Pass Their .5 Trillion Bill\">debt ceiling debate<\/a>, calling it the \u201cwrong\u201d approach. President Joe Biden has criticized Republicans for resisting the idea of raising taxes as part of negotiations to raise the $31.4 trillion debt ceiling. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-tax-increases-debt-ceiling-deal\" target=\"_blank\" rel=\"noopener\">REPUBLICANS RIP BIDEN FOR TRYING TO INSERT TAXES IN DEBT CEILING DEAL<\/a><\/b><\/p>\n<p>Senator Daines believes that the United States\u2019s debt problem is more about spending than revenue. He suggests that the way to increase revenue is to lower tax rates to create more economic activity, which actually increases tax revenues. He points to fiscal policies seen under former Presidents John F. Kennedy, Ronald Reagan, and Donald Trump as examples.<\/p>\n<p>\u201cThe Democrats have one thing that they want to do, and that is raise taxes,\u201d Daines continued. \u201cIf you want to slow something down, you tax it. If you want to slow the economy down, you tax it. That would be the exact wrong thing to do, and it doesn\u2019t solve the problem. It is truly a spending problem.\u201d <\/p>\n<p>The Montana Republican suggests that the country could not raise taxes high enough to solve the problem. \u201cWe\u2019re $31 trillion-plus in debt. You look at the course over the next 10 years,\u201d Daines said. \u201cRight now, according to the Congressional Budget Office, our debt is going to be pushing nearly $50 trillion \u2014 just in the next 10 years, and 10 years is not that far away.\u201d<\/p>\n<p>\u201cThis <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-senator-slams-democrats-debt-crisis-plan-of-raising-taxes-exact-wrong-thing-to-do-and-it-doesnt-solve-the-problem\/\" title=\"GOP senator criticizes Democrats' debt crisis solution of increasing taxes, calling it ineffective.\">creates huge additional inflationary pressures<\/a>, and that\u2019s the destabilization that we know, at some point, you can\u2019t keep running up this debt. You can\u2019t keep running trillion-dollar-plus deficits every year and expect the rest of the world to come and keep buying our debt,\u201d the senator added. \u201cThat will create higher interest rates, and this is the biggest challenge I think that we face as a nation. An existential threat is the crisis we\u2019ll hit when this debt becomes such that it\u2019s no longer sustainable as a country.\u201d<\/p>\n<h3>Debt Ceiling Discussions Pick Up in Urgency<\/h3>\n<p>As the date of a possible default looms less than 10 days away, debt ceiling discussions have picked up in urgency as negotiators began working \u201cthrough the night\u201d with the hope of coming to an agreement.<\/p>\n<ul>\n<li>Senator Daines believes that raising taxes is not the solution to the debt problem.<\/li>\n<li>He suggests that lowering tax rates to create more economic activity is the way to increase revenue.<\/li>\n<li>The Democrats\u2019 inclination to raise taxes is the \u201cwrong\u201d approach, according to Daines.<\/li>\n<li>The country could not raise taxes high enough to solve the problem, says the Montana Republican.<\/li>\n<li>Debt ceiling discussions have picked up in urgency as the date of a possible default looms less than 10 days away.<\/li>\n<\/ul>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Steve Daines (R-MT) criticized Democrats for wanting to raise taxes during the debt ceiling debate, calling it the &#8220;wrong&#8221; approach. President Joe Biden was criticized by Republicans for pushing to raise taxes as part of negotiations to raise the $31.4 trillion debt ceiling.<\/p>\n","protected":false},"author":1,"featured_media":1937026,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[7080,4206,6170,3763,5487,3685,6203,7321,4012,4329,10964],"class_list":["post-1937025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-ineffective","tag-calling","tag-crisis","tag-criticizes","tag-debt","tag-democrats","tag-gop","tag-increasing","tag-senator","tag-solution","tag-taxes"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1937025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1937025"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1937025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1937026"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1937025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1937025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1937025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}