Senate GOP Wants Even Deeper Medicaid Cuts

The Wall Street Journal reports that some Senate Republicans are pushing for even deeper cuts to Medicaid than their counterparts in the House passed as part of their Obamacare repeal plan. That would mean even more millions of people losing their health care. … [Read more...]

Trump Budget Director Wants a Government Shutdown

After Trump lost the battle over this year's budget in Congress, getting almost nothing he wanted, White House Budget Director Mick Mulvaney declared it a "huge win for the president.” Now he says that it was so bad that only a government shutdown could fix it. … [Read more...]

Price: Deep Cuts to Medicaid Will Benefit Patients

Secretary of Health and Human Services made the incredibly absurd argument on CNN that deep cuts to Medicaid found in the Republican bill that repeals Obamacare would end up being good for people, that they'll somehow receive better healthcare. … [Read more...]

Baghdad Kellyanne’s Lame Response to GOP Bill Hurting Veterans

One of the bad things about the Republican bill to replace Obamacare is that, by allowing states to opt out of the preexisting conditions coverage it will make it harder for veterans suffering from conditions like PTSD to get health insurance. Kellyanne Conway lamely tries to defend that with a false tu quoque: … [Read more...]

Trump Forces Mulvaney to Declare Budget Victory

The omnibus spending bill that completes the FY 2017 budget was a massive loss for Donald Trump, who got almost nothing that he had included in his proposed budget. But since there is no such thing as a defeat in TrumpWorld, he sent out his budget director to ludicrously declare that it was really a victory. … [Read more...]

Trump Loses Badly on Omnibus Spending Bill

After a temporary one-week bill to keep the government open, Congress agreed on an omnibus spending bill that completes funding for the rest of the fiscal year (through September). In the process, Trump lost virtually every battle over every budget item it had proposed. … [Read more...]

Trump’s Corporate Tax Cut Will Not Pay for Itself

Trump and his advisers have been claiming that his proposed cut in the corporate tax rate from 35% to 15% will unleash such a torrent of economic growth that it will make up for the last tax revenue. The conservative-leaning Tax Foundation says it won't even do half of that. … [Read more...]

Trump Goes Big on Tax ‘Reform.’ Kinda.

That big announcement that Trump promised about tax "reform" came out on Wednesday and, in fewer than 200 words, laid out a massive overhaul of both corporate and individual taxes without providing almost any detail at all other than marginal tax brackets. … [Read more...]

Trump Corporate Tax Cut DOA in Congress?

Donald Trump is proposing to slash the corporate tax rate to 15%, but apparently without any "offsets" -- that is, budget cuts to make up for the approximately $240 billion a year in lost revenue. Paul Ryan's tax policy expert says that plan will never pass Congress. … [Read more...]

Will Trump Go Big or Small on Taxes?

The Washington Post reports that there is a divide among Trump's advisers over whether to go big or small with their tax bill. Small would be just cuts in taxes; big would be a more comprehensive package that would eliminate all kinds of deductions and simplify the tax code. … [Read more...]

The Laffer Curve Returns, as I Predicted

I said the other day that Trump's big announcement of tax "reform" would be just the same old trickle down economics, tax cuts for the wealthy with some anticipated economic boom. Treasury Secretary Steven Mnuchin obliged me by proving me right. … [Read more...]

Trump’s Predictable ‘Big Announcement’ on Tax ‘Reform’

On Friday, Donald Trump said that there would be a "big announcement" on "tax reform" this upcoming Wednesday, a statement his aides immediately tried to walk back by saying it would just be a statement of "broad principles and priorities." … [Read more...]