'Explode our deficit': Trump WH press sec slammed for denying math of GOP's budget bill



Secretary of Defense Pete Hegseth is bragging that President Donald Trump has submitted the largest budget ever for the Pentagon: one trillion dollars, about $150 billion more than President Joe Biden’s final budget request. Critics are blasting the White House for insisting that the Republicans’ new budget—which guts Medicaid, reduces taxes (primarily for the wealthy), and eliminates the Department of Education, does not increase the deficit.

“He’s gonna be the first president to introduce a trillion-dollar budget,” Secretary Hegseth told Fox News’ Will Cain on Monday (video below). “That’s not just spending more. It’s also being serious about an audit. It’s also finding cuts where we pull out the Biden garbage and put in President Trump’s priorities. So we’re going to invest a generational investment in those capabilities.”

White House Press Secretary Karoline Leavitt was asked on Monday if President Trump is “okay with this bill adding to the deficit?”

READ MORE: No Trump, No FEMA? Tornado Ravaged City’s Mayor Pleads for Federal Assistance

“This bill does not add to the deficit,” Leavitt insisted, before claiming that it “will save $1.6 trillion.”

Economist Justin Wolfers appeared to disagree, posting a chart that shows that the GOP/Trump budget legislation increases the deficit by more than one-third.

The Hill reported that the “tax portion of Republicans’ wide-ranging bill full of President Trump’s domestic priorities would cost $3.7 trillion over the next decade, the Joint Committee on Taxation (JCT) found.”

“Tables from the JCT, which is the official revenue scoring body of Congress, show that extensions of the 2017 tax cuts and other measures will add about $5.6 trillion to the deficit, while cuts to renewable energy incentives and amped international tax enforcement will reduce the deficit by about $1.9 trillion.”

READ MORE: White House Scrambles to Clean Up Trump’s Walmart ‘Rage Tweeting’ Amid Upcoming ‘Standoff’

U.S. Rep. Veronica Escobar (D-TX) commented, “It doesn’t ‘save’ a $1 trillion, it slashes it from programs like Medicaid and SNAP, kicking millions of Americans off their healthcare and nutrition programs You also forgot to mention the other $3-4 trillion being spent on tax cuts for the wealthy that’ll explode our deficit.”

The Wall Street Journal delivered more math, saying that the GOP “plan won’t reduce federal budget deficits and would make America’s fiscal hole deeper.”

“The current proposal would increase projected budget deficits by nearly $3 trillion through 2034, locking in tax cuts and spending increases that outweigh reductions in spending on Medicaid and nutrition assistance. While Republicans, who have vowed to reduce red ink, say higher economic growth will fill the gap, budget analysts across the political spectrum have panned the Republican plan, warning that it worsens the U.S. fiscal picture."

Watch the videos above or at this link.

RELATED: ‘Bonanza for Billionaires’: Johnson Celebrates ‘Victory’ of Medicaid-Gutting Tax Cuts Bill



from Alternet.org https://ift.tt/pIaRYw2
via sinceretalk

Comments

Post a Comment

Popular posts from this blog

PA GOP Senate candidate who says he 'started with nothing' actually grew up in a mansion

Image
David McCormick, who is Pennsylvania's presumptive Republican U.S. Senate nominee, has often suggested he grew up poor in a rural community. But a new report finds that his upbringing was far more affluent than he's suggested. The New York Times reported Friday that McCormick — a former hedge fund executive who lived in Connecticut as recently as 2022 — has been cagey with voters about his childhood. McCormick has tweeted that he was "raised in Bloomsburg working on his family's farm," said on a 2022 podcast that he " started with nothing " and told CBS News that same year that he " didn't have anything " growing up as the son of two schoolteachers. But according to the Times , McCormick's father, Dr. James H. McCormick , was appointed president of what is now Bloomsburg University by Gov. Milton Schapp (D) in 1973. He moved his family into Buckalew Place — the official mansion for presidents of the school that currently spans 5...
Read more

'Uniquely egregious': Judge orders newspaper to delete editorial criticizing government

Image
Without even conducting a hearing, a Mississippi judge ordered a local newspaper to remove an editorial criticizing local officials over a lack of transparency. The Independent reported Wednesday that the Clarksdale Press-Register in Clarksdale, Mississippi has since deleted the editorial in question following an order handed down by Hinds County Chancery Court Judge Crystal Wise Martin. The editorial called out municipal leaders in Clarksdale for not properly notifying the public about a hearing on proposed tax increases. Judge Martin's order accused the paper of "reckless disregard of the truth," and asserted that the editorial disrupts the local government's "legitimate function to advocate for legislation they believe would help their municipality during this current legislative cycle." "The notice was posted at city hall as required by law and said stated the city would 'give appropriate notice thereof to the media,'" the editori...
Read more

Trump was hit by glass fragments — not a bullet: report

Image
Law enforcement officials have claimed to two different sources that former President Donald Trump was not grazed by a bullet but rather by glass shards. The officials in question told both Newsmax's Alex Salvi and Axios' Juliegrace Brufke that Trump was hit by glass shards that may have erupted from the shattering of a teleprompter that was hit by gunfire. Earlier on Saturday, law enforcement sources confirmed that the person suspected of firing a weapon at a Pennsylvania Trump rally had been killed, as had at least one person in the crowd. Videos showed Trump grabbing his neck after apparent gunshots had been fired before Secret Service agents pulled him to the ground. They then took him away in an armored vehicle to a hospital where he was treated for injuries. The identity of the shooting suspect has not yet been released. from Alternet.org https://ift.tt/ILgqr53 via sinceretalk
Read more