The $7.1 trillion added to the deficit over the next decade by this budget proposal assumes an ambitious rate of growth of at least 3 percent each year. If the economy is less strong before 2029, that number could get a lot higher. One estimate shows that the national debt could grow to $30 trillion in a decade if the plan is enacted as is.
Sources told Politico that Trump will split the infrastructure bill into three sections: streamlining bureaucracy, increasing funding and ending the agency review process. He would like to allocate $200 billion for infrastructure projects over the next decade, Politico reported, and expects the rest of the money to come from private-public partnerships and state and local funding.
In May, President Trump released his transportation budget, which dramatically slashed federal aid to Amtrak by 13 percent. The budget, which reflects White House priorities and serves as a guide for Congress, proposed deep cuts in funding for long-distance service, expanding transit lines and construction grants.
After months of pressure from watchdog groups, the U.S. Department of the Treasury, led by Trump-appointee Steve Mnuchin, has released a one-page analysis of the Republican tax bill. The report shows that even when analyzed under Republican-favored methods, the tax cuts will enlarge…
On Thursday, House Republicans issued a fact sheet about their new tax cut plan that referred to Americans earning $450,000 a year as “low- and middle-income” — even though that income level would put those taxpayers in the top 0.05% of all individual Americans.
“Nigel Farage’s comments about the role of a powerful ‘Jewish lobby’ in America plays into deep-seated anti-Semitic tropes about supposed Jewish control of government,” Anti-Defamation League CEO Jonathan A. Greenblatt told Newsweek. “This is fuel for white supremacists who exploit and spread conspiracy theories about ‘evil, controlling Jews.’”