Tax cuts and pandemic relief measures enacted during the Trump administration added $8.4 trillion to the national debt over the 10-year budget window, according to a study released Wednesday by a top budget watchdog group.
Discretionary spending increases from 2018 and 2019 added $2.1 trillion, Trump’s signature Tax Cuts and Jobs Act added $1.9 trillion and the 2020 bipartisan CARES Act for pandemic relief added another $1.9 trillion, the Committee for a Responsible Federal Budget (CRFB), a Washington think tank, found in a study released earlier this month.
“Of the $8.4 trillion President Trump added to the debt, $3.6 trillion came from COVID relief laws and executive orders, $2.5 trillion from tax cut laws, and $2.3 trillion from spending increases, with the remaining executive orders having costs and savings that largely offset each other,” budget experts with the CRFB wrote in a summary of the report.
The only significant deficit reduction enacted by the Trump administration noted in the report was due to tariffs levied on a variety of imported goods, which are calculated to have brought in $445 billion over 10 years.
The “both sides” arguments ignores the 100s of options that aren’t Trump or Biden, but sure.
Those 100s of options had three years since the last election to mount candidates. I’m a well informed voter and I can’t name any of them. You can pretend that there are options besides the GOP and the Dems, but you’d only be fooling yourself.
Trump is poison and Biden is the only other option. Deal with it.
Dems are going to be utterly blindsided because of this mindset. Enjoy the roller-coaster… I guess.
I wish I had the privilege of being rich enough to not care about medical bills, or to be able to move if my state enacts terrible laws.
Those of us who have to work daily and live in the real world know that half a loaf is a lot better than being kicked in the teeth by Trump.
Back in the day, Frederick Douglas worked for candidate who couldn’t promise to free the slaves. I guess you consider him to be a sellout.
The illusion of choice for you must be very fulfilling to be defending it so vehemently.
The rest of us will not vote for either Biden or Trump because that’s the morally correct thing to do.
The DNC knows this, and has decided to sit on their ass (yet again), just like they did in 2016.
Speaking as a non-American who is forced to deal with your shit, the morally correct thing to do is to keep that fascist asshole out of power. Hold your nose if you have to, but vote for Biden. Have some fucking perspective. You are unbelievable.
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You misspelled “report them.” Merely blocking them from your individual view does fuck-all to stop them from spreading their disinformation.
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If you don’t vote, then you’re giving it to Trump, essentially voting for him.