Sen. Ron Johnson (R-WI) claimed that he was cutting taxes for the many when he voted to cut taxes for the wealthy and corporations.
Donald Trump was not a traditional President in any sense. He did, however, do one thing that was very traditionally Republican. He gave the richest people in the country a massive tax break.
Like Ronald Reagan and the Bush‘s before him, Trump said that benefiting the wealthiest people would grow the economy. Time and time again, however, it has been shown that trickle down economics doesn’t work.
Donald Trump was unlike any politician that America had ever seen. When he took office, though, he made a move that was very traditionally Republican. Trump passed a major tax cut for the wealthy.
Like Ronald Reagan and the Bushes before him, Trump said that the cuts would stimulate the economy and benefit the average American. Time has shown, though, that they don’t.
A White House economic adviser has called on Donald Trump to declare a national emergency because of the Coronavirus and stop collecting payroll taxes.
Stephen Moore co-authored an op-ed in Sunday’s Wall Street Journal calling for radical and apparently unilateral action to shore up the struggling U.S. economy.
US coronavirus deaths have doubled in the last three days, and Donald Trump is responding by demanding tax cuts for restaurants and entertainment.
Because just 39 percent of poll respondents had a favorable view of the Trump/Republican tax cut bill in an April Gallup poll, the GOP’s biggest billionaire mega-donors are spending $20 million in a new effort to convince more people that they should like the tax law change which gives unneeded tax breaks to billionaires while exploding the U.S. deficit.
Speaker of the House Paul D. Ryan (R-Wis.) is pushing hard to get another misguided and harmful tax cut passed in the next few months. For some reason he thinks this will fire up the Republican base of voters and will make it more likely that Republican candidates will win elections this year.
Sen. Chuck Grassley (R-IA) suggested that rich people deserve tax cuts more than working class people because working class people spend all of their money on booze, women, or movies.
It doesn’t matter what the issue is. Right-wing Christians have been placing the priorities of the party before the tenants of the faith for decades. However, now they are reaching ever new extremes, emboldened by Donald Trump’s presidency and Republican control of Congress.
Warnings are growing among Republicans that the battle over tax cuts for the wealthy could cost them Congress next year if they are unable to pass a cut for the wealthiest Americans.
"Republicans set to pivot from cutting taxes for the rich (AHCA) to cutting taxes for the rich (tax reform)." and tax cuts is like handing out candy
During his daily briefing at the White House, Press Secretary Sean Spicer admitted that Trump's wants to cut health care first so that he can maximize tax cuts for the wealthy in 2018.
Spoiler alert: The richest 1 percent of Americans would benefit most from Trump's proposal.
In a normal political environment, a national candidate seeking a model of what their proposed policies would produce would certainly choose a winner. However, this is no more a normal political environment than an elephant is quantum-sized, and the state of Kansas is no more an economic winner than Donald Trump is a quiet and thoughtful deep thinker.
Republicans don’t care about shunning racism, preserving democracy and religious freedom or avoiding nuclear war because they support Trump.
Starting a new job can be an exhilarating experience, especially when that new position is at the wishes and consent of millions of voters. However, for Louisiana’s new governor, John Bel Edwards (D), whatever exhilaration might exist at being chosen to run the state likely turned to fright and despair when he realized just how devastating was the severe budget crisis left him by his predecessor. It is an all-too-common story in America: a Republican administration inherits a surplus and directly sends the economy into free-fall by racking up colossal deficits, and then a Democrat has to spend their time and energy cleaning up what is always an economic disaster.
Krugman says the GOP establishment is determined "to take whatever didn't work from 2001 to 2008 and do it again in a more extreme form"
"The two Democratic presidents have produced jobs at 7 times the rate of the two Bushes or 2.1 million versus 300,000 per year."
If Americans need an example of true fiscal responsibility, they can look at the state of the economy under a fiscally responsible Democrat, President Barack Obama.