Despite the intent that they would fund jobs and capital investments, the 2017 tax cuts have largely funded share buybacks, which hit a record $1.1 trillion in 2018. The big winners were corporations, large shareholders and top corporate executives.
Under the leadership of then-House Speaker Newt Gingrich, the staffs of the main legislative expert agencies supporting Congress were sharply cut. Today they are less than one third the size of what they were before 1990. How can Congress deal with increasingly complex issues without good guidance?
It is time to hold people and parties accountable, whether it’s for our uncivil discourse, the legislative branch’s timidity in exercising its Constitutional duty to balance executive over-reach, Washington corruption, or the soaring deficit.
According to the non-partisan CBO, the federal budget deficit will surpass $1 trillion by 2020, and the national debt will rise to a staggering $29 trillion by 2028. And yet, despite our prolific spending, we fall far short of realizing the quality of life that our outlays suggest we should expect
Imagine if Congress invested the $1.5 trillion tax cuts directly into infrastructure projects around the nation. That would have stimulated state and local economic development, and put money into the hands of working Americans instead of billionaires.
In his State of the Union address, Mr. Trump offers platitudes about caring for our youth or lifting people from poverty to prosperity, but his actions have shown over and over that he doesn’t really care about places like Baltimore.
With health care exchanges for buying coverage in various states struggling to hang on, the Trump administration, in collusion with a compliant Republican leadership on Capitol Hill, strives to sabotage Obamacare by a thousand bleeding cuts.
A Trump administration initiative to combat the nation’s opioid epidemic is showing some early signs of success in Maryland but advocates warn it is unlikely to bring rapid change to a crisis killing 91 Americans each day.