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‘There is no magical growth fairy’: Dem senator tears into Trump’s tax cuts based on ‘unicorns’ and ‘rainbows’

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Sen. Ron Wyden (D-OR) on Thursday blasted President Donald Trump’s treasury secretary, Steve Mnuchin, for using dubious economic projections to sell a tax cut plan that will largely benefit the wealthiest Americans.

“It certainly isn’t a tax recipe focused on the middle class,” Wyden explained in a speech on the Senate floor. “The treasury secretary doubled down on the failed experiment that tax cuts pay for themselves. Forget the history that says that isn’t true. The Trump treasury secretary said that the tax cuts won’t just pay for themselves, they’ll raise an additional trillion dollars in revenue on top of their own costs.”

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“The fact is, Mr. President, there is no magical growth fairy, no unicorns, no kind of growth fairies that are going to somehow spring to life if this tax cut plan becomes law,” the Oregon Democrat charged. “But our secretary, Treasury Secretary Mnuchin, keeps going back to the unicorns, keeps going back to rainbow economics.”

Wyden noted that Republican economists have admitted to the finance committee that tax cuts do not pay for themselves.

According to Wyden, Mnuchin is guilty of telling other “whoppers” to sell Trump’s tax plan.

“Mnuchin said, ‘It’s very hard not to give tax cuts to the wealthy with tax cuts to the middle class,” Wyden observed. “That is one stunner of a statement.”

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Watch the video below from C-SPAN.

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Inside the extreme right-wing’s plan to take over campus conservatism

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President Donald Trump's eldest son found himself caught in the middle of an alt-right takeover of a libertarian group with close ties to mainstream conservatism, and video of the encounter provided an embarrassing start to his book tour.

Right-wing activists led by white nationalist Nick Fuentes have been turning up at campus events sponsored by Turning Point USA and other conservative groups to boost their racist, anti-LGBT and anti-Semitic messages, reported The Daily Beast.

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Mulvaney drops last-minute lawsuit over subpoena and instead ‘will rely on the direction of the president’

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Acting White House Chief of Staff Mick Mulvaney has reversed course once again and will not sue the U.S. House of Representatives for issuing a subpoena that he has vowed not to honor.

On Monday, Mulvaney's attorney said that his client is dropping plans to join a lawsuit brought by former national security adviser John Bolton’s aide, Charles Kupperman.

Attorney William Pittard said that Mulvaney would file a separate lawsuit instead in opposition to a subpoena from House Democrats.

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Manafort said he would personally update Trump on WikiLeaks’ damaging Hillary Clinton leaks: Rick Gates

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Former Trump campaign official Rick Gates on Tuesday testified in court that former Trump campaign chairman Paul Manafort said that he would personally give then-candidate Donald Trump updates on the timing of WikiLeaks' damaging information dumps on Hillary Clinton.

As reported by Vox.com's Andrew Prokop, Gates told the court that Manafort in 2016 instructed him to regularly touch base with Trump ally Roger Stone to get information about when WikiLeaks could be releasing stolen emails intended to harm Clinton's campaign.

Manafort then said that he would update others in the campaign, "including the candidate," about future email drops, Gates testified.

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