After spending months threatening to tank the economy over the federal deficit, Republicans have unveiled a set of new tax proposals that would cost the government billions of dollars — by handing tens of billions of dollars of tax cuts to the richest 1 percent of Americans, as a new report reveals.
On Friday, just a week after the conclusion of the debt ceiling showdown, House Republicans released a plan that would slash taxes for corporations and the wealthy, with a forecasted cost to the government of $240 billion over the next decade.
