Tax cuts and pandemic relief measures enacted during the Trump administration added $8.4 trillion to the national debt over the 10-year budget window, according to a study released Wednesday by a t…

Tax cuts and pandemic relief measures enacted during the Trump administration added $8.4 trillion to the national debt over the 10-year budget window, according to a study released Wednesday by a top budget watchdog group.

Discretionary spending increases from 2018 and 2019 added $2.1 trillion, Trump’s signature Tax Cuts and Jobs Act added $1.9 trillion and the 2020 bipartisan CARES Act for pandemic relief added another $1.9 trillion, the Committee for a Responsible Federal Budget (CRFB), a Washington think tank, found in a study released earlier this month.

“Of the $8.4 trillion President Trump added to the debt, $3.6 trillion came from COVID relief laws and executive orders, $2.5 trillion from tax cut laws, and $2.3 trillion from spending increases, with the remaining executive orders having costs and savings that largely offset each other,” budget experts with the CRFB wrote in a summary of the report.

The only significant deficit reduction enacted by the Trump administration noted in the report was due to tariffs levied on a variety of imported goods, which are calculated to have brought in $445 billion over 10 years.

  • bluetoque@lemmy.caEnglish
    192·
    10 months ago

    Speaking as a non-American who is forced to deal with your shit, the morally correct thing to do is to keep that fascist asshole out of power. Hold your nose if you have to, but vote for Biden. Have some fucking perspective. You are unbelievable.

    • TexasDrunk@lemmy.world
      1·
      10 months ago

      There are a bunch of these accounts preaching this. They talk a lot of shit about third parties, talk a LOT of shit about the DNC (deservedly), but ignore anything about the conservatives at all.

      Some of them genuinely believe it’s the only path, and good for them. We need real dissent from people with real ideas. Some of them very obviously are trying to convince people not to vote Dem because it helps conservatives. It’s hard to tell who is a true believer vs who is being a dick without going through their comments and I just don’t have the energy for that. So it’s easier to assume they’re all astroturfing dicks and block them.

      It’s not fair of me, but life ain’t fair and neither am I. If they really cared they’d post ideas instead of just “Always vote third party” while ignoring any point made by anyone.