Trump has failed on trade (that’s good), but the economic damage is already done

December 15, 2017 congress, Donald Trump, Ideas, NAFTA, News, Republicans

Quartz

Read More

The Trump administration’s long-awaited analysis of the GOP tax plan has bad news for Republicans

December 11, 2017 News, politics, Republicans

On Monday, the U.S. Treasury Department finally released its analysis of the GOP tax plan: a single page report that essentially concedes the analysis by the Joint Committee on Taxation is correct.

According to the Treasury analysis, the tax plan will cost an estimated $1.5 trillion dollars, while raising only $408 billion in revenue, leaving the country $1 trillion in the hole. This eviscerates any notion that the GOP plan will pay for itself, as previously suggested by administrat...

Al Franken’s resignation is proof Democrats have finally found their backbone

December 8, 2017 Democrats, Ideas, News, politics, Republicans, ST, US politics

Quartz

Read More

The Republican tax bill is just phase one of the GOP’s war on the poor

December 7, 2017 class, congress, health care, Ideas, News, politics, Republicans, ST

Quartz

Read More

The three ultra-rich families battling for control of the Republican party

December 5, 2017 "America First", Democrats, Donald Trump, GOP, mitch-mcconnell, News, obamacare, Paul Ryan, Republican, Republicans

Quartz

Read More

The Republican tax bill is about placating the wealthy, not helping Americans

December 2, 2017 "America First", congress, Donald Trump, GOP, Ideas, inequality, News, politics, Republicans, US politics

Quartz

Read More

US Senate Republicans hastily passed their massive tax bill in the middle of the night

December 2, 2017 Democrats, mitch-mcconnell, News, politics, Republicans, Senate, trump, US Senate

Quartz

Read More

The GOP has a problem with paying for kids’ basic care

November 25, 2017 health care, News, Republicans

Fifty-six days after Congress failed to fund the Children’s Health Insurance Program (CHIP), some American children are at risk of losing their health insurance. The deadline to renew the program’s funding was Sept. 30, and Congress hasn’t granted the program $15 billion to continue.

As a result, the popular state-level insurance program for low-income children and pregnant women is facing a funding cliff. While some states may be able to keep the program going thr...

42 top economists were asked if the Trump tax plan would significantly grow the economy. 1 said yes.

November 22, 2017 Donald Trump, News, politics, Republicans

Overhauling the tax code before Christmas would be a difficult task under “normal” conditions, yet Republicans in Congress are pledging to do just that with their tax bill.

There’s just one big problem: It is a supremely poor tax plan that doesn’t provide middle-class tax relief while also serving as a substantial handout to the wealthy.

A University of Chicago survey released Tuesday polled 42 of the nation’s leading economists about the Republi...

White House would ditch attack on Obamacare in order to pass tax bill

November 19, 2017 News, Republicans, US healthcare, US news, US politics

Budget director says ‘we’re OK’ with dropping provision of Republican tax reform that would also repeal healthcare mandate, if it becomes roadblock
The White House is willing to sacrifice Republicans’ latest attempt to dismantle Obama’s Affordable Care Act if that’s necessary to pass a series of sweeping tax cuts, Office of Management and Budget director Mick Mulvaney said on Sunday.
Republicans’ current tax reform legislation would slash corporate tax rates and benefit wealthy Americans. Last week, after the president tweeted that he wanted legislation to include a repeal of a key healthcare mandate, Senate Republicans announced they would include the healthcare measure in their tax bill.
Continue reading...