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Tag: Federal Budget

OMB Director Russell Vought: If Trump’s bill fails, expect recession and 60% tax increase
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Approved, Fox News, National

OMB Director Russell Vought: If Trump’s bill fails, expect recession and 60% tax increase

By Diana Stancy | Fox News OMB Director Russell Vought has cautioned about a recession if Trump's tax and spending package isn't passed The White House is challenging the nonpartisan Congressional Budget Office’s assessment that President Donald Trump’s sweeping tax and spending package will raise the federal deficit by trillions of dollars throughout the next decade. The national debt, currently $36.2 trillion, tracks what the U.S. owes its creditors, while the national deficit measures how much the federal government’s spending exceeds its revenues. So far, the federal government has spent more than $1 trillion more than it has collected this fiscal year, according to the Department of the Treasury.  The Congressional Budget Office (CBO) issued an analysis...
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Chai: Big lies about the Big Beautiful Bill? Miller says facts say otherwise
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Approved, National, The Western Journal

Chai: Big lies about the Big Beautiful Bill? Miller says facts say otherwise

By Bryan Chai | Commentary, The Western Journal They often say light is the best disinfectant, and whomever “they” are, they’re right. In a related note, it’s pretty clear that most Americans — this writer included — are in the complete dark about the “Big Beautiful Bill” that keeps making the headlines. If you were to consume your news exclusively from the establishment (my sincerest condolences if that’s the case), you would think the bill was some sort of hypothetical bogeyman, a looming Sword of Damocles over the U.S. economy. It’s all a “big risk,” if you want to take the liberal Washington Post at its word. Thankfully, White House Deputy Chief of Staff Stephen Miller — a longtime advisor to President Donald Trump — is shedding some light on it all, and i...
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