Tag Archives: Trump Tax Scam

Enumerati

Budget Deficit Jumped 17 Percent in 2018

$779 billion

“The federal budget deficit swelled to $779 billion in fiscal year 2018, the Treasury Department said on Monday, driven in large part by a sharp decline in corporate tax revenues after the Trump tax cuts took effect,” the New York Times reports. “The deficit rose nearly 17 percent year over year, from $666 billion in 2017. It is now on pace to top $1 trillion a year before the next presidential election.”

Enumerati

More Americans Disapprove of Trump’s Tax Scam

46% to 39%

A new Gallup poll finds that more Americans continue to disapprove than approve of last year’s sweeping tax overhaul bill signed into law by President Trump, 46% to 39%.

Enumerati

Obamacare More Popular than Trump Tax Cuts

51% to 40%

A new Fox News poll finds the Affordable Care Act is more popular than the new Republican tax law. The 2010 health-care law registered a 51% approval rating, compared with 40% for the 2017 Republican tax cuts.

Enumerati

Trump Considering a Legally Questionable Tax Cut for the Very Wealthy

$100,000,000,000

“The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives,” the New York Times reports.

Enumerati

Support for Trump Tax Plan Still Falling

37%

A new Politico/Morning Consult poll finds “public support for the recent tax overhaul plunged in the past two months, as more voters became ambivalent about it. … Just 37% of registered voters said they supported the tax-cut laden law, down from 44% in an April poll… Even among Republicans, support for the law dropped to 70%, from 80% in April.”

Enumerati

Trump Administration’s Deficit Forecast Is Waaaaay Off

$9.5 trillion

“The Congressional Budget Office estimates the government will take in $1.9 trillion less in revenue and spend $300 billion more over the next decade than the White House estimated under its latest budget proposal if the plan were enacted,” the Wall Street Journal reports. “Deficits would total $9.5 trillion over the coming decade, or $2.3 trillion more than the White House estimates.”

Enumerati

Trump Tax Law Losing Popularity Precipitously

50% to 41%

A new Greenberg Quinlan Rosner (D) poll finds the popularity of the new tax law has dropped into net negatives, currently opposed by a 50% to 41% margin.>/h2>

Enumerati

Most Americans Have Not Seen a Boost in Income from Trump Tax Breaks

55%

A new Politico/Morning Consult poll finds that 55% of voters say they haven’t noticed an increase in their paychecks as a result of the new tax law.

Enumerati

Trump Tax Break Gives $40 Billion to Corporations

$40.2 billion

A congressional report finds the wealthiest Americans will benefit the most from President Trump’s tax deduction for owners of “pass-through” businesses, NBC News reports. “The deduction, which ranges up to 20 percent, will shower $40.2 billion in tax breaks on owners of pass-throughs — largely businesses owned by an individual or a partnership, or those ‘S’ corporations that kick income and losses to shareholders for tax purposes — in 2018, the Joint Committee on Taxation estimated. The provision was included in the larger overhaul of tax rates enacted in December.”

News & Comment

Donald’s Lies: A List of 103 Lies Told by Trump in the First 10 Months of 2017

graph-trump-lies-vs-obama

In answer to its right-wing critics, fact checkers at the New York Times compared lies told by Donald Trump during his first 10 months in office with the lies told by Pres. Obama during his entire eight years in office.

The final tally was 103 to 18, advantage Trump. So much winning!

You can read the list of Obama’s falsehoods at the Times’ article. You’ll find the list of Trump’s lies below, but keep in mind that this list ends with October, so it does not include Donald’s recent lies, including the whopper he keeps repeating that his tax scam represents the biggest tax cut in history. Some analysts say it’s the fifth largest tax cut; others say it’s the eighth.

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