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The Latest: Mulvaney defends plans to cut social programs

Top officials in President Donald Trump's Cabinet are heading to Capitol Hill to defend his plans to cut domestic programs and parry Democratic criticism of his tax plans. Trump on Tuesday released a 10-year budget plan containing jarring,...Show More Summary

Cruel Cuts in the Trump Budget

5 hours agoHealth / Aging : Time Goes By

The main beneficiaries of President Donald Trump's 2018 budget proposal are the people who already have too much, the one percent. Here's how tax cuts go for them, as reported in Yahoo! News: ”According to calculations from the Center for...

No One Knows Who Will Be President in 2018. That's Frightening

Trump's presidency is imperiled. Pence's credibility is in tatters. Ryan's loyalty is to tax cuts. America has become completely rudderless.

Cabinet members head to Capitol Hill to defend Trump budget

Top officials in President Donald Trump's Cabinet are heading to Capitol Hill to defend his plans to cut domestic programs and parry Democratic criticism of his tax proposals. Budget Director … Click to Continue »

On the macroeconomics of Trump’s budget

That is the topic of my latest Bloomberg column, here is one excerpt: What’s also striking is that, if the Trump budget can work at all, the spending cuts are probably not needed. It would suffice to cut taxes only, and allow the economy to grow out of an even-greater budget deficit. Show More Summary

The Latest: Budget deal goes big on tax cuts, public schools

The Latest on the Minnesota Legislature's special session to finish its budget (all times local): 8:45 p.m. Lawmakers are finally starting to release pieces of their plans to complete a … Click to Continue »

Trump’s Problematic Math: Budget Plan Adds Growth, but Doesn’t Subtract Cost

The White House is projecting faster growth as a consequence of tax cuts. But it does not project the cost of those tax cuts, that is, the loss in tax revenue.

Donald Trump's Budget Makes A Really Basic Numbers Error

18 hours agoNews : Huffington Post

The White House made a basic mathematical error when trying to prove that massive tax cuts would pay for themselves and then some, according to a leading economist who advised former President Barack Obama. In a column in the Washington...Show More Summary

Republicans Want To Rob America … To Cut Taxes On The Rich

Republican politicians are an interesting breed of liars…. Politicians are supposed to explain to the voting public why their complicated, detailed policies are worth supporting and good for the country as a whole, or at least their constituents. Show More Summary

Economists See Little Magic in Tax Cuts to Promote Growth

President Trump’s budget hews to a longtime Republican premise, but past efforts to enlarge the pie even while slicing it have fallen short of hopes.

The Unworkable Math of Trump’s Budget

Economists say the document doesn’t account for the costs of tax cuts and its other policy proposals.

Bipartisan research groups denounce Trump budget as unrealistic

President Trump’s budget unveiled today has received a storm of criticism as the administration proposes massive spending reductions while planning tax cuts that would most benefit the wealthy. But a larger question has emerged: Could all of this fiscal pain fail miserably in its goal of ridding the U.S. of a federal budget deficit? One [...]Show More Summary

Here's How Trump's New Budget Screws Everyone but the Filthy Rich

In a plan entitled "The New Foundation for American Greatness," the Trump administration released their full budget proposal on Tuesday morning, which outlined an extreme schedule of tax cuts for the next 10 years amounting to a total...Show More Summary

Weakening US Dollar poised to boost Apple's sales performance overseas

It no longer appears likely that Apple's overseas earnings can be repatriated back to the United States at more favorable tax rates this year, as plans for tax reform--including deep cuts to health care spending aimed at enabling a huge tax cut--have been delayed. Show More Summary

Ducey signs tax cut on gold coin sales

Gov. Doug Ducey's final action on 33 remaining bills included signing a proposal exempting the sale of U.S. gold coins from state capital gains taxes despite vetoing two previous versions … Click to Continue »

Ricketts vows to keep pursuing tax package after session

Nebraska Gov. Pete Ricketts will pursue a package of income and property tax cuts next year even though his plan stalled in the contentious legislative session that ended Tuesday. Ricketts … Click to Continue »

Proposed Trump Budget Has $2 TRILLION Math Error

22 hours agoLGBT / Gay : Joe. My. God.

TIME Magazine reports: President Trump’s budget includes simple accounting error that adds up to a $2 trillion oversight. Under the proposed budget released Tuesday, the Trump Administration’s proposed tax cuts would boost economic growth enough to pay for $1.3 trillion in spending by 2027. Show More Summary

BREAKING: Trump Budget Numbers Make No Sense

Jon Chait says the Trump White House has made a $2 trillion mistake: Trump has promised to enact “the biggest tax cut in history.” Trump’s administration has insisted, however, that the largest tax cut in history will not reduce revenue,...Show More Summary

The Trump Budget Is Really Just a Cynical Ploy

The draconian spending cuts will never pass Congress. But Trump is preparing excuses in advance for when GOP tax cuts balloon the deficit.

Will Anybody's Reputation Survive Working for Trump?

Steve Mnuchin has said that he is going to balance the budget with Trump's tax cut for the rich with a growth number starting with a "3". Steve Mnuchin has not looked at an honest spreadsheet...

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