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Nobel Prize-winning economist says Trump tax cut ‘made most Americans poorer’

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On Tuesday, Nobel Prize-winning economist and New York Times columnist Paul Krugman warned that President Donald Trump’s tax cut is far worse for Americans than what is being reported.

On December 22, 2017, Trump signed the tax cut bill into law, with lofty promises and few results. Krugman explained that the tax cut has not accomplished what Trump said it would.

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“Its proponents made big promises about soaring investment and wages, and also assured everyone that it would pay for itself; none of that has happened,” he wrote.

Krugman shared a series of graphs showing “the tax cut induced some accounting maneuvers, but did nothing to promote capital flows to America.”

Trump’s tax cut, doubled the standard deduction, cuts individual income tax rates, and eliminated personal exemptions. Krugman said that people ended up poorer because of the tax cut.

“No money has, in fact, been brought home, and the tax cut has probably reduced national income. Indeed, at least 90 percent of Americans will end up poorer thanks to that cut,” Krugman said.

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Krugman added that the tax cut “certainly made most Americans poorer.”

“So it’s a near-certainty that the vast majority of Americans will be worse off thanks to Trump’s only major legislative success.”

Read the full report here.

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Internet rains hell on Trump for comparing his impeachment to a ‘lynching’: ‘How dare you’

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On Tuesday, President Donald Trump furiously took time Twitter, blasting the effort to impeach him over the Ukraine scandal as a "lynching" and threatening that a future Republican Congress will cook up charges against a Democratic president.

Trump's outburst did not impress many commenters on social media, who quickly dogpiled him in criticism and mockery:

You are seriously comparing your impeachment to hate crimes against African-Americans?

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Corrupt Ukraine oligarch has enlisted Trump allies to help with defense

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A Ukrainian oligarch fighting extradition to the U.S. has aligned his legal strategy to match President Donald Trump's, and even hired two attorneys associated with the president and Rudy Giuliani.

Dmytro Firtash is wanted in the United States on bribery and related charges, and he hired pro-Trump attorneys Joseph DiGenova and Victoria Toensing to help paint his prosecution as part of a global conspiracy involving Joe Biden, reported the Wall Street Journal.

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Entire staff in Trump’s chaotic White House ‘on thin ice’: NYT’s Haberman

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Appearing on CNN's "New Day," New York Times White House correspondent Maggie Haberman addressed Donald Trump's threat to "terminate" the Times and revealed that White House aides are under the gun as the president's impeachment grows nearer.

Speaking with hosts John Berman and Alisyn Camerota, Haberman a was asked about Trump's Monday threat to terminate the New York Times -- believed to mean the White House would be canceling its subscription -- and deadpanned that the venerable newspaper would probably survive the economic hit.

Host Camerota then asked about the status of embattled acting chief of staff Mick Mulvaney who suffered a rough week after a disastrous press conference appearance and an equally disastrous Fox News interview.

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