Category: Tax Reform

White House budget projects $1 trillion deficit in 2019

President Trump’s first budget (for FY 2018) projected a $526 billion deficit in 2019, under its policies. The FY 2019 Mid-Session Review released last Friday revises his current budget to a $1,085 billion deficit in 2019. That’s an increase of roughly $560 billion, or more than double.

Altogether, tax cuts and spending hikes account for more than four-fifths of the deficit increase between the President’s FY 2018 Budget and the recent Mid-Session Review. Moreover, CBO’s estimates show revenue will fall by $1 trillion, not rise by that amount.

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Republicans Mocked and Punished California Voters; Now They Are Facing a True Wave Election

You can do a lot to voters, but there is a limit to how much even invested social conservatives will put up with. The national party and their own Republican representatives are now actively harming their pocketbooks, and that is the one thing that will invoke a bit of self-reflection in an otherwise reliable party-line voter.

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CHARTS: See How Much Of GOP Tax Cuts Will Go To The Middle Class

The Republican tax bill, which Congress sent to President Trump on Wednesday, would give most Americans a tax cut next year, according to a new analysis. However, it would by far benefit the richest Americans the most. Meanwhile, many lower- and middle-class Americans would have higher taxes a decade from now … unless a future Congress extends the cuts.

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America, you’ve just called up the Kansas tax scheme to the big leagues. Here’s how to talk about it

The government will just go further in debt, and the US will sell more and more of our bond, mortgage, and consumer debt to foreign entities. 

The government will immediately need to move to cut services, often those that help the poor first. Unlike Kansas, which figured in roughly $2B in “Dynamic Scoring” (and missed by about $1.9B) , we’re going to try and dynamic score more than a trillion. 

Any idea how this turns out before we stop looking for the ship to come in? 

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Drill for Oil in the ANWR; Stand Up to Tax Cuts for the Wealthy; A Promise Made that Made America Great – DACA

Call your Senator now and tell them to vote NO on the #TrumpTaxScam. Senators Burr and Tillis are key votes in this fight and must hear from you before this fight is over. Read our call scripts and make a call now!

Demand your Senators become Dream Heroes. Read our call script and then start making phone calls. Let them know you want protections for immigrant youth included in the final version of the budget resolution.
Hold your members accountable. Never relent. Never forget.

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Why Republicans shouldn’t be so optimistic their tax bill will be a big win

Republicans are optimistic. Why? Perhaps because most Americans are getting a tax cut under this plan, and if growth gets even hotter and unemployment gets even lower by Election Day, voters could reward the GOP, at least in the short term.There are good reasons to doubt GOP optimism that the tax bill will turbocharge the economy (at least beyond 2018 and maybe 2019). First, the bill is unlikely to generate sustained 3 percent growth, let alone 4 percent. Second, it’s likely to make inequality worse. Third, it drives up the debt, costing $1 trillion or more.

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RSS US House Activity Excerpt

  • H.R.6147
    Department of the Interior, Environment, and Related Agencies Appropriations Act, 2019 (07/19/2018 legislative day)
  • H.Con.Res.119
    Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy. (07/19/2018 legislative day)

RSS US Senate Activity Excerpt

  • PN1403
    Ryan Wesley Bounds, of Oregon, to be United States Circuit Judge for the Ninth Circuit, vice Diarmuid F. O'Scannlain, retired. (07/19/2018 legislative day)

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