Congressional Budget Office | The New York Independent, New York City, NY

Wall Street titan Goldman Sachs refutes Trump tariff claims. U.S. is paying. (Photo: Vlad Lazarenko)

Wall Street Rips Trump Tariff Folly; Here’s Who’s Really Paying

Keith GirardSeptember 23, 2019

Wall Street is the latest to join a host of academics and economists who unanimously agree U.S. businesses and consumers are footing the entire bill for Donald Trump’s tariff war....

BUSINESSECONOMY

Donald Trump's $1.4 trillion tax cut is causing government debt to soar. (Photo: CBO/Getty)

Trump Browbeats Fed as Tax-Cut Fizzles; CBO Sees 1.8% GDP Growth, Soaring Debt

Keith GirardSeptember 11, 2019

Donald Trump’s massive tax cut has run its course, leaving behind massive deficits that will weigh on the economy for years to come as growth slips....

ADMINISTRATIONBUDGET

Trump Pie-in-the-Sky Space Force to Cost $$$ Billions — CBO

Keith GirardMay 10, 2019

Donald Trump’s Space Force will add billions of dollars to the Pentagon budget, exceeding previous estimates, even though the military has already committed 23,000 employees, according to a new study....

DEFENSE

Trump Tax-Cut Legacy: Deficit Hits Levels Seen Only in War, Recession

Keith GirardNovember 2, 2018

Donald Trump tax cuts are coming home to roost, causing federal revenues to shrink and the national deficit to soar to levels only seen during major recessions or wartime, according to a new government report. ...

ADMINISTRATIONBUDGET

Navy’s Dream 355-Ship Fleet Would Take an Ocean of Money–CBO

Keith GirardOctober 23, 2018

The Navy is pushing for the largest fleet build up since the Reagan administration, but its envisioned 355-ship fleet would require billions of dollars more than taxpayers are spending now. Even with accelerated spending, it would still take decades to reach its goal....

BUDGETDEFENSE

Trump Tax Cuts Expected to Have Only Short-Term Effect on Economy, CBO Says

Keith GirardAugust 16, 2018

The Trump tax cuts will have only a short-term economic stimulus, but deficits will soar. (Photo: Getty, Chart: CBO) Donald Trump's tax cuts, effectively a massive economic stimulus, is expected to have a only short-term effect on growth, accordi...

BUDGETECONOMY

Trump, Family Accused of ‘Persistent Illegal Conduct’ Running Trump Foundation

Trump, GOP Create a Debt Bomb as Deficit Swells From Massive Corporate Tax Cuts

Keith GirardJuly 18, 2018

Donald Trump and Republicans in Congress threw caution and six decades of GOP economic orthodoxy to the wind when they passed the massive, $1 trillion tax cut for corporations and the wealthy....

BUDGET

Donald Trump personally ordered the death of a top Iranian general in Iraq. (Photo: Getty)

Trump Facing Rising Deficits Even Before Tax Cuts, Spending Plan, CBO Report Says

Keith GirardJune 7, 2017

Donald Trump hasn’t even begun to present his plan to Congress for tax reform and spending, but is still facing a steady rise in the budget deficit, according to a new Congressional Budget Office analysis. Trump’s plan to cut taxes and increase military spending among other initiatives are expected to send the national debt skyward....

BUDGET

Obamacare Repeal Without Replacement Would Be a Death Sentence for Millions

Keith GirardJanuary 17, 2017

Repealing the Affordable Care Act (ACA) is one thing, coming up with a replacement is another. More than 20 million people are currently twisting in the wind, according to a new report. It predicts a “death spiral” of rising uninsured and skyrocketing premium costs, if Republicans kill Obamacare. The Republicans and President-elect Donald Trump, at least for the moment, have been unable to come up with a “better, more affordable” alternative as they’ve promised....

CONGRESS

Salaried Workers About to Suffer First Blow Under New Trump Administration

Keith GirardNovember 15, 2016

Set 'em up, knock 'em down. Lower-earning salaried workers will lose their right to overtime pay, if the Trump administration abolishes a new Labor Department rule. The incoming Trump administration is about to pull the rug out from under lower-earn...

BUSINESS