Why GOP is largely silent over Trump's deficit-heavy budget
Feb 12, 2018
3 minutes
The Trump administration’s budget proposal for the next fiscal year, released Monday, reflects a stark new reality of the Republican Party: Balancing the federal budget just isn’t a priority.
Even projected 10 years out, President Trump’s fiscal 2019 budget does not lead to elimination of the deficit. On the contrary, it would produce massive annual deficits and add $7 trillion to the debt. Combined with last year’s tax reform, which cut taxes by $1.5 trillion over 10 years, and last week’s two-year budget deal, which increased federal spending by $300 billion, the nation’s fiscal
You’re reading a preview, subscribe to read more.
Start your free 30 days