James T. Tucker: “Step right up. Step right up for the GOP's famous disappearing act. Yes, the circus has come to town. Deficit reduction…”

“Step right up. Step right up for the GOP's famous disappearing act. Yes, the circus has come to town. Deficit reduction, now you see it, poof, now you do not. Yes, Republicans want to cut taxes, but it does not take a rocket scientist to know that they cannot cut taxes $700 billion and at the same time reduce the deficit. This slight-of-hand tax bill is not the deficit reduction that the voters have demanded and that the Republicans in their Contract With America have promised. The Republicans' proposed tax cut will explode the deficit at a time when deficit reduction is what is needed in this country most. This $700 billion tax cut will be a neat trick all right. It will take money out of the hands of the poor and give it into the hands of the very, very rich. Mr. Speaker, as Yogi Berra once said, "It is deja vu all over again." The same trickle-down theory that they used in the 1980's is coming back again. It is the same trickle-down that quadrupled the deficit in the first place. In this sick, sad three-ring circus that they call the Republican GOP Party, we know that the elephants do not forget, but neither do the American taxpayers.”