After eliminating pay-as-you-go rules in the U.S. House in order to pass Bush-era tax cuts, GOP leaders are now demanding that any tax-cut extension be offset by cuts elsewhere in the budget to avoid increasing federal deficits. So does this mean that any extension of the Bush tax cuts, which are set to expire at the end of next year, will be fully paid for? Or is this the GOP’s stance only when a Democrat is president or when the tax extension mostly benefits working families?
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