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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.

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

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“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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GOP senator baffled by Jared Kushner’s national stockpile claims — and vows to probe ventilator ‘mismanagement’

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Sen. Cory Gardner (R-CO) does not seem happy with Trump son-in-law Jared Kushner and his claims that the Strategic National Stockpile's supply of ventilators is "not supposed to be states’ stockpiles that they then use."

In an interview with Politico, Gardner said that he wanted to investigate whether the national stockpile has been mismanaged during the COVID-19 pandemic, and he vowed that "any kind of mismanagement or abuse needs to be rooted out and those responsible held accountable."

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Epidemiologist delivers a chilling warning as he dismantles the White House’s overly optimistic coronavirus projections

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During an appearance on CNN this Friday, infectious disease epidemiologist Dr. Michael Osterholm warned viewers that "this is just the beginning" of the coronavirus health crisis and that we're going to see it continue to spread throughout the U.S., adding that people are underestimating just how the long the outbreak could last.

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John Hopkins’ coronavirus data indicates that the US could ultimately end up even worse off than Spain and Italy

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Back in January and February, President Donald Trump and his sycophants in the right-wing media insisted that the deadly COVID-19 strain of coronavirus did not pose a major threat to the United States. But according to the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University in Baltimore, the U.S. is now #3 in coronavirus deaths. And when one closely examines Hopkins data, it becomes painfully clear that the U.S. might be moving into the #1 position in the weeks ahead — and why Dr. Anthony Fauci, expert immunologist, is warning that the U.S. could be looking at 100,000-240,000 deaths from COVID-19 when all is said and done.

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