1. Trump's "Alternative Facts" Are The Ultimate Result Of Fox News Talking Points
2. Yet More Proof Of Economic Treason By The GOP
Republicans are lying as usual to push fake economics. This post outlines all these easy to debunk lies by Trump, the GOP and Fox News (& their right wing conspiracy theorist base).
Republican tax bill would create American dynasties Republicans want to cut taxes for the super rich -- and raise them on working people. That might be bad for you, as Robert Reich explains, but it's great news for the children of billionaires. Duration: 6:47
Top earners would benefit most from Republican tax cut, charts...Under the Senate GOP tax plan, the country’s wealthiest would do better than the middle class and more than $2T of new debt would be added to the economy, according to Steve Rattner’s new charts. Duration: 14:51
Robert Reich Runs Circles Around Trump's Former Economic Adviser Stephen Moore The former secretary of labor dismantles the myth that tax cuts boost the economy.
“We did this in 2004; Steve Moore is acting like we didn’t have an experiment to test this theory. Under the George W. Bush administration, we did have a repatriation, a tax holiday and what did corporations do with all that extra money? Did they invest it? Create more jobs? No!” Reich explained. “They just brought back their shares of stock, pumped up share prices, provided more executive pay to the top executives—we’ve done it and we’ve seen that there are no results."
Moore was undeterred by the facts and carried on with his dubious economic position. “Explain to me why it’s good for America that we have a 40 percent tax rate way up here and the rest of the world is at 20 percent down here,” he responded with gesticulation outside the camera frame. "It just doesn't work for America."
Reich shut that argument down. “Well, it does because the effective tax rate—that is, what corporations are actually paying—is just about the same as other foreign corporations are paying."
CNN's Brianna Keilar explains how GOP tax plans are "propped up by, frankly, dishonest math"
For Facts Sake: GOP Tax Myths Republicans tout "progressive" tax plans, in which people who make more pay more. Yet, an analysis of the initial Joint-Committee on Taxation score of Senate legislation says otherwise. MSNBC’s Stephanie Ruhle reports. Duration: 2:10
MSNBC hosts outline how GOP tax plan directly benefits Trump and the super rich Ali Velshi: Trump would "save millions" under GOP tax framework, while Trump heirs "stand to save over a billion dollars"
Salon: Why the Republican tax plan is more failed than trickle-down economicsDon’t fall for the supply-side, trickle-down nonsense. It won’t help
Hannity pleads for Trump to cut taxes on the rich so they can buy boats and stimulate the economy (debunked above)
Tax bill would save Trump $1 billion: Analysis Republicans want to give a massive tax cut to the super rich. But Donald Trump insists he doesn't benefit at all. Duration: 1:56
Donald Trump’s Budget Breaks These 7 Campaign Promises
Broken Promise #1: Trump vowed not to cut Medicaid
Trump’s budget would cut Medicaid by a lot, despite the president telling the Daily Signal days before launching his White House bid, “I’m not going to cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid.”
The administration proposes reducing spending on Medicaid programs by more than $600 billion over the next decade, a massive cut that appears to go on top of $839 billion in Medicaid cuts included in the House health care bill Trump is supporting.
Mulvaney insists that the proposed reduction in spending isn't a cut — it's simply growing less than the nonpartisan Congressional Budget Office expects the needs of the program to be.
"There are no Medicaid cuts in terms of what normal human beings would call cuts, we are not spending less money than we did the year before," Mulvaney said.
Broken Promise #2: Trump said he wouldn't cut Social Security
Trump's budget proposes slashing the Social Security Disability Insurance (SSDI), a $31.4 billion change to the program that pays monthly benefits to over 10 million disabled individuals under the retirement age.
Mulvaney argued that SSDI isn't “what most people would consider to be Social Security” and said he would "hope" less people receive the program once they remove individuals who "should not" be getting it. It's unclear how the administration determined there is that much fraud in the system.
Broken Promise #3: Trump said he'd fully fund the border wall
The president promised to fully fund a border wall, with plans to make Mexico pay for it later, in his "Contract With the American Voter." The president’s budget would allocate $2.6 billion for planning, designing, and constructing the border wall and its surrounding securities, but Republican leaders estimate the wall could cost as much as $15 billion.
"While we did not get as much money as we wanted for 2017 omnibus we did get a lot," Mulvaney said. "We are going to continue to press on."
Broken Promise #4: Trump promised to cancel all federal funding to sanctuary cities
This is another contract promise. Trump’s administration has tried to restrict funding to so-called “sanctuary” cities — jurisdiction that don’t enforce federal immigration priorities and cooperate fully with federal authorities — but their efforts were halted by the courts.
This budget doesn't include any kind of limit on federal funding, and Attorney General Jeff Sessions narrowed the scope of Trump's executive order on the issue in a memo Monday.
Broken Promise #5: Trump said he would increase funding for treatment of PTSD
Trump’s budget would increase funding for the Department of Veterans Affairs, but the budget proposal doesn't appear to focus money on PTSD or mental health issues.
It would, however, slash $3.2 billion from the “individual unemployability” benefit, which the budget says will be "modernized." The program allows the VA to more fully compensate disabled veterans, including those with PTSD, whose disability renders them unemployable.
Broken Promise #6: Trump told police union leaders he’d find more funding for training
Trump promised resources for training in his voter contract, as well. This budget aims to increase funding for more border agents and immigration judges, increased immigrant detentions, and fighting the opioid crisis, but it does not earmark additional funds for training police.
Broken Promise #7: Trump promised to bring down the debt "fairly quickly"
Barring the kind of hyperbolic growth Trump has promised and economists have disputed, Trump's budget would do little to combat the national debt. Rather, it would potentially increase it.
You don’t cut taxes with two wars and 240,000 troops overseas Republicans shed others’ blood while looking out for their own
Republicans Are Selling Their Tax Plan on a Platform of Lies Too many taxpayers hoping for a better future are going to lose out.
Fox & Friends host covers up Trump tax plan’s giveaway to the super rich
Senate GOP pushes tax hike on families making less than $75,000