It was a tough week for supporters of Donald Trump's draconian policy of separating the families of undocumented immigrants at the border. (Those supporters are overwhelmingly Republican: a Quinnipiac University poll showed only 27 percent of all respondents--but 55 percent of GOP backers--endorse the practice.) It began when former CIA and NSA chief Gen. Michael […]
Category: Budget/Deficit
As the new year begins, press, pundits and politicians alike are saying 2018 could be the year of the "blue wave." Led by a historically unpopular first-year president and still smarting from embarrassing losses in Virginia and Alabama, many Republicans are talking out loud about "bloodbath" in next November's midterm elections. While Democrats are fielding […]
As 2017 draws to a close, President Donald Trump and his amen corner are bragging about his "year of solid policy accomplishments." Despite approval ratings only slightly higher than the Ebola virus, Trump took to Twitter to soak up praise from Maria Bartiromo, who gushed that "Year One has been excellent from an economic standpoint." […]
"You can fool some of the people all of the time, and that's our target market." That perversion of Abraham Lincoln's timeless adage might as well be the slogan of the modern Republican Party, especially when the topic is taxes. After all, the Congressional Budget Office (CBO), the Joint Committee on Taxation, (JCT), the Wharton […]
With apologies to Benjamin Disraeli, there are three kinds of lies Republicans are telling about their tax plan: lies, damned lies, and f**king lies. Constraints of space and time preclude listing them all, but here is a handful of the GOP's most farfetched falsehoods. For example, earlier this month House Speaker Paul Ryan (R-WI) repeatedly […]
Thursday's release of the House GOP tax plan will be greeted with a flurry of "hot takes" about its "winners and losers." So, for everyone's sake, let's keep this simple. Unsurprisingly, the biggest winners from what the President called a "big, beautiful Christmas present" are people named Trump and those like them. Just as predictable, […]
In recent years, "red state socialism" has become the hallmark of American federalism. That is, even as supposed GOP budget hawks loudly (and wrongly) decry "out of control" spending by Uncle Sam, less well-off Republican-controlled states generally benefit from a one-way flow of federal tax dollars made possible by wealthier blue states usually dominated by […]
This past two weeks have been big ones for some very big promises from Republicans in Washington. It didn't go well for them. Three weeks after House Republicans voted to pass a new version of their "American Health Care Act," the nonpartisan Congressional Budget Office (CBO) weighed in on high-profile pledges from President Donald Trump […]
Long before it mastered the mass production of "fake news," the Republican Party propagated its Ur-lie that "tax cuts pay for themselves." Almost from the moment that Arthur Laffer first sketched his now-famous curve on a napkin in 1974, right-wing pundits, politicians, and propagandists have declared as an article of faith the belief that tax […]
House Speaker Paul Ryan has just experienced two weeks from hell. On Monday, the nonpartisan Congressional Budget Office (CBO) led by his hand-picked director mauled Ryan's so-called "replacement" for the Affordable Care Act. CBO forecast that over the next decade the "American Health Care Act" will cost 24 million Americans their insurance. The bill, which […]