deficit – Coconino County Democratic Party

With the Country’s Focus on Kavanaugh, HR Passes Another Budget-busting Tax Cut for the Wealthy

While all eyes were focused on the Kavanaugh hearings this week, Republicans in the U.S. House of Representatives delivered another gift to their donors by passing a bill to cut income taxes AGAIN. The House’s new bill takes effect starting in 2025 and would add $600 billion to the national debt within the next decade, and […]

House Republicans Are Gaslighting Their Constituents

House Republicans proposed an additional $646 billion in tax cuts this week — a number that could grow to roughly $2 trillion over a decade. Background: The tax cuts for individuals under the original Republican tax law pushed through in December 2017 are mostly set to expire by 2025. Only the law’s tax changes for corporations were permanent […]

Americans for Prosperity Has Money to Burn

Americans for Prosperity made a contribution to Flagstaff’s local paper last week: A full-page ad calling out our Democratic Congressman for alleged inaction on the trillion dollar national debt that’s coming down the pike due to Republican tax legislation enacted last December. AFP has money to burn for ridiculous propaganda, but Flagstaff Democrats aren’t taking […]

More Data on the #TaxScam

Data continues to roll in proving that the Republican Tax Scam pushes money to the wealthy. Previously, we reported on the Morgan Stanley study. Now, Bank of America/Merrill Lynch has released data showing that fewer than 45 of the Standard & Poor’s 500 companies have paid out cash bonuses to their employees since the new […]

Pelosi Visits Arizona – Delivers Message on Taxes and Deficit

House Minority Leader Nancy Pelosi visited Arizona this week to deliver this message: The GOP plan couldn’t be clearer: Explode the deficit by passing a Tax Scam that puts the wealthiest first Pretend to panic about the massive deficit fueled by the Tax Scam Use deficit caused by tax scam to take from Medicare, Medicaid, […]

Budgeting Gone Wild: Midterm Elections Matter

This is how the federal government’s budgeting and spending is supposed to work Federal Budget Process, National Priorities Project: In November, December, and early January, the Executive Branch creates a proposed budget for the next fiscal year, which begins October 1 of each year. The President presents that budget to Congress sometime in January or early […]

Priorities

Budgets are about priorities, and Trump’s first full budget submission makes clear that he puts the interests of the wealthy — like the billionaires he has appointed to his cabinet — over working families. Trump’s budget plan makes massive cuts to Medicaid, college loans, public schools, middle and working class tax credits and more to […]