When does the winning start?
During his presidential campaign, Donald Trump made about 105 promises — insurance for everyone, he’ll bring back coal and manufacturing jobs, no cuts to Social Security, tax cuts, etc. Sofar,hehaskeptabout10percent of them.
As of December, there were 12.5 million manufacturing jobs, or 1.2 million fewer than in December 2007, when the recessionstarted. And,only600coal jobs have been created.
Trump’s infrastructure plan hinges on a $100 billion matching grant program for states and cities to launch their own projects, with additional funds coming from a $50 billion rural investment program. That’s supposed to entice companies to rebuild America to the tune of $1.5 trillion. How likely is it that private investors will step up to make all of our lives better?
Obamacare didn’t fail. It didn’t get repealed. It didn’t collapse.
Trump’s budget cuts Medicare, Medicaid and Social Security. This would be over a trillion dollars in cuts. High-ranking Republicans are hinting that, after their tax overhaul, the party intends to look at cutting spending on welfare and other parts of the social safety net.
Trump’s plan cuts income taxes for almost all taxpayers, but three-quarters of the cuts will go to taxpayers whose incomes are in the top 1 percent. The average annual tax savings for those earning less than $48,000 will be $400; for those earning $48,000 to $83,000 it will be $1,000; and for those earning over $3.7 million it will be $1 million. Corporate cuts are permanent while individual changes expire in 2025. Oh, and, according to the Congressional Budget Office estimates, this plan adds more than $1 trillion to the national debt over the next decade.
Feel like you’re winning yet? Ed Mikula, North Las Vegas