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.”
“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.”
Watch the video below from C-SPAN.
He ‘knows where lots of Trump bodies are buried’: Ex-Mueller associate says president’s latest dissension spells trouble
President Donald Trump has reportedly fallen out with a decades-long friend, private equity real estate investor Tom Barrack, who is currently the focus of a federal investigation into how the money from Trump's inaugural fund was raised and spent.
On Monday, former federal prosecutor Glenn Kirschner laid out a key reason why Trump may want to distance himself from Barrack at this point:
Televised hearings are in our future (can’t come soon enough). Tom Barrack knows where lots of Trump’s bodies are buried (figuratively speaking), inaugural committee bodies and others. Let’s hope Barrack is already quietly assisting prosecutors. https://t.co/BlgsiaX0YP
Brazilian President Jair Bolsonaro takes on Norway for whaling, but bungles it
Brazilian President Jair Bolsonaro on Monday responded to Norway's decision to halt its forest protection subsidies, taking to Twitter to criticise the Scandinavian country for its whaling practice and post spectacular -- albeit misleading -- images.
"Look at the killing of whales sponsored by Norway," Bolsonaro wrote on Twitter.
The post includes a video and photographs of a spectacular whale hunt, where mammals in the shallow waters of a bay are slaughtered by people wading on shore, armed with hooked knives. The whales' blood turns the waters red.
However, the images, reportedly taken on May 29 in Norway, illustrate a "grind", a type of pilot whale hunt practised exclusively in the Faroe Islands -- a Danish territory in the North Atlantic.
Orange County teens busted for singing obscure Nazi song while giving Hitler salutes
Nearly a dozen high school students from Southern California delivered Nazi salutes and sang a Nazi marching song in a video posted on social media.
The video was uploaded to Instagram by one member of the boys’ water polo team at Pacifica High School in Garden Grove, California, along with lyrics to the song played for German troops during World War II, reported The Daily Beast.
A spokesperson for the Garden Grove Unified School District told the website administrators learned of the incident in March, four months after the video was posted, but declined to say whether any of the students were disciplined.