Trump Tax Scam Archives - Page 2 of 3

“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.”

A Most Mysterious Cut

October 23, 2018October 23, 2018 Buck Banks

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.

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

October 18, 2018 Buck Banks

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.

Budget Deficit Jumped 17 Percent in 2018

October 16, 2018 Buck Banks

$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.”

More Americans Disapprove of Trump’s Tax Scam

October 11, 2018 Buck Banks

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%.

Obamacare More Popular than Trump Tax Cuts

August 24, 2018 Buck Banks

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.

Trump Considering a Legally Questionable Tax Cut for the Very Wealthy

August 1, 2018 Buck Banks

$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.

Support for Trump Tax Plan Still Falling

June 29, 2018 Buck Banks

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.”

Trump Administration’s Deficit Forecast Is Waaaaay Off

May 29, 2018 Buck Banks

$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.”

Trump Tax Law Losing Popularity Precipitously

May 23, 2018 Buck Banks

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>

$100.5 billion

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.

$779 billion

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%.

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.

$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.

37%

$9.5 trillion

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>

Poetic Justice

Verbatim

— Rick Wilson

— Speaker of the House Mike Johnson (R-LA) on the “resign or be fired” ultimatum from the GOP’s Freedom Caucus just 174 days into his tenure as sp[eaker, reported by Punchbowl News.

“Trump’s head slowly dropped, his eyes closed. It jerked back upward. He adjusts himself. Then, his head droops again. He straightens up, leaning back. His head droops for a third time, he shakes his shoulders. Eyes closed still. His head drops. Finally, he pops his eyes open.”

— Law360 reports from the second day of Donald Trump’s “hush money” criminal trial.

— Jonathan Last

“He’s f**king crazy! The press often will ask me if I think Donald Trump is crazy. And I’ll say it this way: I don’t think he’s so crazy that you could put him in a mental institution. But I think if he were in one, he ain’t getting out!”

— New Hampshire Gov. Chris Sununu (R), quoted by the Associated Press two years ago. Sununu is now backing Trump for president.

Numerati

$71.1 million to $45.2 million

56% to 37%

270,000

50 of 96

New York Times: “Of the 96 possible jurors brought into the room, more than 50 raised their hands to say they couldn’t be fair. They were immediately excused.”

20%