Lowrey: Trump’s Tax Plan ‘Self-Contradictory Word Salad’

My former American Independent News Network colleague Annie Lowrey, who now writes for New York magazine and is, like her husband Ezra Klein, a serious wonk when it comes to tax policy, called Trump's much-ballyhooed unveiling of his tax and economic play a "self-contradictory word salad." … [Read more...]

Trump’s Economic Speech: Let Us Count the Lies

Donald Trump gave his long-awaited speech on his tax and economic policies in Detroit on Monday and, to no one's surprise, it was chock full of lies and half-baked, long-disproven ideas. Let's count a few of them. This may take more than one post. But let's start with this: … [Read more...]

Trump Adviser Debunks, Excuses His Ridiculous Claim on Debt

During the Republican primary, Donald Trump laughably claimed that he would pay off the entire federal debt in 8 years. Now one of the people on his economic advisory group admits that this isn't remotely doable and offers a ridiculous excuse for Trump making that claim in the first place. … [Read more...]

Trump Convenes Billionaires to Advise on Economic Populism

Donald Trump has made a central theme of his campaign the ludicrous claim that he is the guy to help the middle class, crafting a message of economic populism while advocating the same old trickle down economics. So he just named a team of advisers made up of a bunch of billionaires. … [Read more...]

Laughing at Trump’s Acceptance Speech, Part Two

Donald Trump's hour and 15 minute acceptance speech was so long and so jampacked with hypocrisy, stupidity and outright lies that it's going to take more than one post to get through them all. And so begins part two. … [Read more...]

Trump Tax Plan Would Save His Children Billions in Taxes

Third Way, a bipartisan think tank in DC, reports that Donald Trump's tax plan, by eliminating the estate tax, would save his children billions of dollars in inheritance after he dies. They estimate a $7.1 billion gift, but that's based on his exaggerated $10 billion claim of net worth. … [Read more...]

The Mystery of Trump’s Alleged Tax Plain

Steven Moore, a conservative economist and adviser to Donald Trump, says that all of the analyses about Trump's tax plan are irrelevant because he hasn't even finished putting together a tax plan at all, so they can't possibly have any idea what it will do. … [Read more...]

Trump Adviser Gives Empty Defense of Tax Plans

One analysis after another has found that Donald Trump's proposed tax plans would explode the deficit and decrease economic growth, including a recent one from Moody's, which sets the debt ratings for countries. But one of his advisers made an empty and absurd defense of those plans. … [Read more...]

House GOP Trying to Block Pentagon Action on Climate Change

The House Republicans are once again showing themselves to be the party of stupid by putting an amendment into this year's defense spending authorization bill that would block funding for the Pentagon's plan to prepare for the challenges that global warming will bring to the military. … [Read more...]

Trump’s Ridiculous Claim on Cost of Refugee Resettlement

There's exaggeration, there's hyperbole, and then there's the shit Donald Trump says. During his speech going after Hillary Clinton on Wednesday he bizarrely claimed that she wants to spend "hundreds of billions of dollars" to resettle Syrian refugees in the United States. The real number: A little over one billion. … [Read more...]

Trump’s Dangerous Ideas on Federal Debt

Here's a perfect example of why the idea that the government should be run like a business is nonsense. Donald Trump is used to being able to get out from under massive amounts of debt by declaring bankruptcy or by negotiating lower repayments. But now he wants to do the latter with the federal debt: … [Read more...]

Trump Flips on Debt Payoff, Lies About It

A couple weeks ago Donald Trump came out with the utterly ludicrous claim that he would pay off the entire $19 trillion national debt in eight years in office. He was universally laughed at. Now he has flipped his position completely, saying he could pay off "a percentage" of it, without specifics, and that he never claimed he could pay it all off. … [Read more...]