By changing a budget baseline, congressional Republicans are trying to hide the dangerous costs of extending Trump's 2017 tax ...
Congress is speeding down a path to a deeply harmful budget and tax “reconciliation” bill that showers tax cuts on ...
The play on numbers that help Republicans claim that the tax cuts will not add to the country’s debt is also a calculated ...
Republicans are trying to pass a bill to cut taxes by $4.5 trillion by reducing government spending by $2 trillion, including ...
One anonymous White House official expressed concerns about the potential backlash from voters if tax cuts for the wealthy are renewed ... interest payments on the debt. These monetary effects ...
Let’s start with a chart to understand the dire fiscal situation we are in as a nation. Figure 1. Federal Debt Held by the Public as a Share of Gross Domestic Product, 1940-2054 You’re looking at how ...
Tax cuts primarily benefit the wealthy. The potential privatization ... spending is necessary to reduce deficits or the national debt and not mention rescinding the eighth largest tax cut that ...
The House budget plan provided for $4.5 trillion in tax breaks over 10 years, though the amount for tax breaks would shrink if the spending cut totals don’t get to $2 trillion in savings.
Democrats accused Republicans of laying the groundwork for cutting key safety net programs to help pay for more than $5 trillion tax cuts they say disproportionately benefit the rich.
“If we renew tax cuts ... and wealthy GOP megadonors would be to such a proposal. Congressional Republicans are already moving forward with plans to raise the nation’s debt limit by trillions ...