Latest news with #Gene Sperling

Washington Post

Republicans are adding health care taxes — but not on the rich

Gene Sperling was director of the National Economic Council under Presidents Bill Clinton and Barack Obama and was a senior adviser to President Joe Biden. A core principle of the Republican budget bill was that extending existing federal tax cuts should not be counted as raising the deficit because they are already part of 'current policy.' By the same logic, Republicans argued that letting the cuts expire at the end of this year would be a tax increase.