Donald Trump the Keynesian

Whenever a Democrat is in the White House, the Republicans talk incessantly about deficits and debt and demand that every single dollar of spending be offset by cuts. Whenever a Republican is in office, that goes right out the window and we get higher spending and massive tax cuts, exploding the deficit. And Trump is going to do it again. … [Read more...]

Fox Interviews Chachi on Trump’s Taxes

As new revelations of a nearly billion dollar loss that likely allowed him to pay no taxes for most of the last two decades continue to rock the Trump campaign, Fox Business host Neil Cavuto turned to noted tax expert Scott Baio to lend his insight into the matter. … [Read more...]

Trump Surrogate Blames Clinton for Trump Not Paying Taxes

One of the most bizarre arguments made by Donald Trump and his surrogates is blaming Hillary Clinton for anything they thin is bad in government because she's "been there for 30 years." The latest is surrogate Jack Kingston, who says if Trump paid no taxes, it's her fault for not fixing the tax code. … [Read more...]

Trump’s Blatant Hypocrisy on Paying Taxes

During the first debate, when Hillary Clinton suggested that Donald Trump may be refusing to release his taxes because they show he hasn't been paying any federal tax, he did not deny it. Now the New York Times has provided the details for how he could have avoided paying federal taxes all this time: … [Read more...]

Trump’s Latest Tax Plan Would Still Cost Trillions in Revenue

A few weeks ago, Donald Trump rolled out his tax plan 2.0. The cuts for the rich aren't quite as deep as in plan 1.0. In fact, it's a lot like Paul Ryan's plan. So rather than costing more than a trillion dollars in lost revenue every year, it would only cost about half a trillion dollars every year. … [Read more...]

Study: Trump Economic Plan Would Lower GDP by a Trillion Dollars

A private economics research firm called Oxford Economics has released a new study that says that if Donald Trump's economic plan were put in place, the result would be a lowering of the GDP by about a trillion dollars in the next ten years. … [Read more...]

Not a Single Council of Economic Advisers Member Supports Trump

This is a pretty significant development. The Wall Street Journal did a survey of every living member of the White House Council of Economic Advisers, going all the way back to the Nixon administration, and not one of them said they supported Donald Trump for president. Not one. … [Read more...]

Bush Commerce Secretary Hammers Trump’s Economic Plan

Former Bush Commerce Secretary Carlos Gutierrez did an interview on CNN and said that he thinks Donald Trump's tax and economic plan -- which is the same old trickle down nonsense -- will explode the deficit and be a disaster for the country. And he now supports Hillary Clinton. … [Read more...]

Tom DeLay: Trump is a Liberal

Tom DeLay was on the Chris Matthews show on Monday after Donald Trump's big speech on his tax and economic plans and he declared that Trump is not a conservative. And then he said that Trump's idea for a child care tax credit is unconstitutional. Uh, why? … [Read more...]

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...]