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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.”

Watch the video below from C-SPAN.

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2020 Election

WATCH: CNN uses video to bust Trump for lying and stealing credit for veterans program signed by Obama

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Reacting to Donald Trump's abrupt departure from his Saturday press conference after he was pressed by a CBS White House correspondent Paula Reid for lying and taking credit for a veterans bill signed into law by former President Barack Obama, CNN's Victor Blackwell shared clips of the former president announcing the signing in 2014 and Trump attempting to steal credit yesterday.

According to Blackwell, "One of President Trump's go-to lies is his role in passing Veterans Choice. You saw it at the end of the news conference when he walked away. Well that was when he was faced with a question why he said that he passed Choice and Accountability for the V.A."

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Nagasaki marks 75 years since atomic bombing

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The Japanese city of Nagasaki on Sunday commemorated the 75th anniversary of its destruction by a US atomic bomb, with its mayor and the head of the United Nations warning against a nuclear arms race.

Nagasaki was flattened in an atomic inferno three days after Hiroshima -- twin nuclear attacks that rang in the nuclear age and gave Japan the bleak distinction of being the only country to be struck by atomic weapons.

Survivors, their relatives and a handful of foreign dignitaries attended a remembrance ceremony in Nagasaki where they called for world peace.

Participants offered a silent prayer at 11:02 am (0202 GMT), the time the second and last nuclear weapon used in wartime was dropped over the city.

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Lebanon information minister resigns over Beirut blast

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Lebanon’s information minister Manal Abdel Samad on Sunday quit in the first government resignation since a deadly port blast killed more than 150 people and destroyed swathes of Beirut.

?After the enormous Beirut catastrophe, I announce my resignation from government,? she said in a statement carried by local media, apologising to the Lebanese public for failing them.

A number of MPs also submitted their resignations a day earlier due to the explosions.

On Saturday afternoon, thousands took to streets in downtown Beirut in anti-government protests that demand the overhaul of the political system, days after massive explosions.

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