Tag Archives: Trump Tax Scam

Enumerati

Budget Deficit Is Exploding

$100.5 billion

“The U.S. recorded a $100.5 billion budget deficit in October, an increase of about 60 percent from a year earlier, as spending grew twice as fast as revenue,” Bloomberg reports. “A ballooning U.S. budget shortfall — fueled by tax cuts, spending hikes and an aging population — is driving the Treasury Department to raise its long-term debt issuance.”

Poetic Justice

A Most Mysterious Cut

Republican lawmakers are puzzled, en masse,
By the source of Trump’s tax cut for the middle class.
It didn’t come from the Hill,
Or his Cabinet shills,
So we’re betting Trump simply pulled it out of his ass.

Enumerati

Trump Seeking to Cut Cabinet Department Budgets to Fight Deficit he Caused

5%

President Trump “said he will ask all cabinet departments to cut their budgets by 5 percent next year, after the federal budget deficit swelled to its highest level since 2012 during the first full fiscal year of his presidency,” Bloomberg reports.

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>