President Trump’s Budget Includes A $2 Trillion Math Mistake

President Trump’s budget includes simple accounting error that adds up to a $2 trillion oversight. Under the proposed budget released Tuesday, the Trump Administration’s proposed tax cuts would boost economic growth enough to pay for $1.3 trillion in spending by 2027. But the tax cuts are also supposed to be revenue-neutral, meaning that trillion dollars is already supposed to pay for the money lost from the tax cuts. Former Treasury Secretary Lawrence Summers called the oversight an “elementary double count” and “a logical error of the kind that would justify failing a student in an introductory economics course” in an op-ed in the Washington Post. The idea that the tax cuts would pay for anything already was criticized.

BING NEWS:
  • What Happens if Donald Trump Is Convicted?
    Former President Donald J. Trump has been charged with dozens of felonies across four cases: two federal, one in New York and another in Georgia. The first of those to go to trial is the sex ...
    04/17/2024 - 1:00 pm | View Link
  • Trump trial gets underway in New York with jury selection in historic case
    Donald J. Trump. Flanked by his attorneys in room 1530 of the Manhattan Criminal Court, Trump was seated at a table where countless defendants before him have appeared. Monday's proceedings ...
    04/15/2024 - 3:21 pm | View Link
  • Who could be Donald Trump’s vice president pick?
    With the Republican National Committee (RNC) nomination all but formally secured for Donald Trump, all eyes are on who the former president will choose as his running mate in pursuit of the White ...
    04/15/2024 - 1:00 pm | View Link
  • Donald Trump 2024
    NEW YORK — Nine potential jurors in Donald Trump’s hush money trial cleared an initial round of vetting Monday, as the first-ever criminal trial of a former president kicked off in a Manhattan ...
    04/15/2024 - 8:50 am | View Link
  • Q&A: Yes, Trump could be elected president as a convicted felon
    Former President Trump made history last year as the first of the nation’s chief executives to be indicted for a crime. This week, he will add another chapter — becoming the first former ...
    04/15/2024 - 6:51 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News