As many progressive economists anticipated, the GOP tax-cut bill—thought to primarily benefit the wealthy—has failed to stimulate the economy in a way that benefits the rest of Americans.
On MSNBC Tuesday, host Ali Velshi explained why so far the tax cuts appear to have succeeded in ballooning the deficit.
CNBC editor-at-large and policy analyst John Harwood then explained why, even though it seems counterintuitive, the deficit has grown under Republican presidents, and shrunk during the Democratic administrations of Bill Clinton and Barack Obama.
“What gives?” Velshi asked.
“Well, what gives is we have a very consistent pattern,” Harwood said. “It’s gone all the way back to Ronald Reagan.”
“Why is that? The Republicans cut taxes,” Harwood observed.
He pointed out that Trump administration officials, including Steve Mnuchin, promised that the deficit would not rise if they cut taxes.
“Well guess what?”
New 2020 poll shows Trump trailing all Democrats — some by double-digits
President Donald Trump trails all of his Democratic rivals in hypothetical matchups of the 2020 presidential race, according to the result of a new poll released Tuesday.
The survey, conducted by Emerson Polling, found that the president lags behind former vice president Joe Biden and Sen. Bernie Sanders, I-Vt., by 10 points nationally — 45 percent to 55 percent. He also trails Sen. Elizabeth Warren by six points — 47 percent to 53 percent —and Sen. Kamala Harris, D-Calif., and South Bend, Ind. Mayor Pete Buttigieg by four points — 48 percent to 52 percent.
Beto O’Rourke’s ‘war tax’ policy proposal is straight out of ‘Starship Troopers’
Amid an overcrowded Democratic presidential candidate field, it's hard to distinguish yourself from the pack if you don't slot easily into the scale that runs from "pro-corporate centrist" to "left-populist." If you're former Texas congressman Beto O'Rourke — who falls somewhere in the middle, politically, and somewhere towards the top, looks-wise — you pull a militaristic policy proposal out of your hat that recalls some of the most campy pseudo-fascist sci-fi ever written.
Lawrence O’Donnell aired hard-hitting expose on Trump, Jr — and the president tweets ‘presidential harassment’
MSNBC anchor Lawrence O'Donnell on Tuesday broadcast a hard-hitting segment on Donald Trump, Jr. for defending his father against claims of rape -- despite the fact his own mom made similar allegations.
The host attempted to understand why Sen. Lindsey Graham (R-SC) and Trump, Jr. are so obidient to Trump when they both used to despise him.
O'Donnell noted a tweet by Trump, Jr. on the latest allegations against his father.
Moments after the segment ended, the president tweeted.