The Stark Math on the GOP Tax Plan
5 Articles
5 Articles
The Stark Math on the GOP Tax Plan
“House Republicans pushed President Trump’s ‘big, beautiful’ tax-and-spending bill past a key hurdle late Sunday night, but the last-minute grappling has them colliding with a stark reality: The plan won’t reduce federal budget deficits and would make America’s fiscal hole deeper,” the Wall Street Journal reports. “The current proposal would increase projected budget deficits by nearly $3 trillion through 2034, locking in tax cuts and spending i…
Trump’s Budget Bleeds The Poor To Engorge The Rich— Make The Rich Richer Again
The GOP budget doessn’t add up, not to cut the deficit. Despite their desperate last minute grappling, the plan won’t reduce federal budget deficits & will make America’s fiscal hole deeper. You may understand the absurdity of that framing… but it's the Republican Party’s entire fiscal context. The current proposal will increase projected budget deficits by nearly $3 trillion through 2034, locking in tax cuts & spending increases that outweigh r…
Wall Street Journal: Trump Tax Plan Will Not Cut the Deficit
Richard Rubin of The Wall Street Journal politely explains the lie behind Trump’s “big beautiful budget plan”: it will not cut the deficit. It will increase it. WASHINGTON—House Republicans pushed President Trump’s “big, beautiful” tax-and-spending bill past a key hurdle late Sunday night, but the last-minute grappling has them colliding with a stark reality: The plan won’t reduce federal budget deficits and would make America’s fiscal hole deep…
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