Record Profits, Little to No Taxes Paid

Republicans love to claim that America's corporate taxes are the highest in the developed world. This is a lie. The marginal tax rates, up to 35%, are among the highest. The actual rates paid are a fraction of that. In fact, some of the most profitable companies in the world pay no federal taxes at all. … [Read more...]

Spicer: Ignore the CBO Score on Obamacare Replacement

The Republicans rolled out their replacement bill for Obamacare so quickly that they didn't even wait to get an analysis from the Congressional Budget Office on its fiscal and health impacts. And now they're saying that you can't trust the CBO anyway. … [Read more...]

Trump Wants to Slash Great Lakes Protection Funding

We have more specifics on the cuts Trump wants to make to the budget of the Environmental Protection Agency and it includes the near-elimination of the Great Lakes Restoration Initiative, a crucial program for protecting the world's largest source of fresh water. … [Read more...]

Trump Wants Massive Cuts to State Department, EPA

In addition to wanting a 10% increase in military spending and a big drop in foreign aid, Donald Trump also wants to cut funding for the State Department by an astonishing 37% and a 20% cut to the Environmental Protection Agency. Anyone surprised? … [Read more...]

Trump Wants 10% Increase in Defense Spending, Cuts Elsewhere

The White House is preparing a budget proposal and it includes a 10% boost in defense spending and cuts virtually everywhere else. Because tearing down the house in order to build a higher fence always makes good public policy sense, doesn't it? … [Read more...]

Trump Claims He’s Already Reduced Federal Debt

Donald Trump is once again taking credit for something that he had nothing to do with and isn't relevant even if he did. And of course, the media just won't report this statistical lie because they don't want people to know what an amazing miracle worker he is. … [Read more...]

Gingrich Wants the Congressional Budget Office Killed

Newt Gingrich thinks that the Congressional Budget Office, a fiercely non-partisan agency tasked with providing reliable information on the budget implications of bills being considered in the House and Senate, should be abolished. … [Read more...]

Republican Governors Don’t Want Full Obamacare Repeal

While Donald Trump and the Republican leaders in Congress remain absolutely fixated on repealing Obamacare at the earliest possible moment, especially those aspects that involve taxes and spending, Republican governors are warning them that this will create a disaster at the state level. … [Read more...]

GOP Alternative to Ban on Preexisting Condition Denials? High-Risk Pools

A week or so ago, Baghdad Kellyanne Conway assured the country that no one will lose health insurance when the Obamacare replacement plan is passed. That was a lie. And about the only thing that the various Republican plans have in common is high-risk pools for those with pre-existing conditions. Bad idea. Very bad idea. … [Read more...]

Trump Pushes for Fast Passage of Obamacare Replacement

Donald Trump weighed in on the battles in Congress over whether to repeal Obamacare first and then later pass a replacement or to repeal and replace at the same time. He pushed legislators to pass them simultaneously or very close together. … [Read more...]

Republican Budget Bill Raises Debt Ceiling by $10 Trillion

The Senate is working on Concurrent Resolution 3, which sets the parameters for the federal budget for 2017. The Republicans are trying to get it passed quickly but some of what is in it is quite fascinating. Like the fact that it raises the debt ceiling for the next decade by nearly $10 trillion. Here are the "recommended deficit levels by year: … [Read more...]

The Fiscal Cost of Repealing Obamacare

Republicans have forever been falsely claiming that Obamacare was too expensive and added to the deficit, but in reality it was a net positive for the federal budget. A new bipartisan study found that the cost of repealing Obamacare would be in the hundreds of billions of dollars. … [Read more...]