In response to estimates showing that the policy bill would yield limited growth, administration officials have sought to discredit experts while presenting a more optimistic view of the president’s economic agenda.
The president’s top aides have signaled they may seize on a timing quirk in law to cancel enacted funds, setting up a clash over the power of the purse.
The president’s top aides have signaled they may seize on a timing quirk in law to cancel enacted funds, setting up a clash over the power of the purse.
Russell T. Vought, the director of the White House Office of Management and Budget, told lawmakers on Capitol Hill this month that there were “all manner of provisions” that could help the president cut spending, even without the help of Congress.
The proposal would salvage some clean-energy tax credits and phase out others more slowly, making up some of the cost by imposing deeper cuts to Medicaid than the House-passed bill would.
The proposal would salvage some clean-energy tax credits and phase out others more slowly, making up some of the cost by imposing deeper cuts to Medicaid than the House-passed bill would.
The 549-page measure, released by the Senate Finance Committee, outlines changes to Medicaid that would be far more aggressive than the version passed in the House, making millions more Americans subject to a work requirement.
President Trump in March sought to sharply curtail the Institute of Museum and Library Services as part of an executive order focused on the “reduction of the federal bureaucracy.”
At the heart of the legal wrangling was a 1970s law that President Trump had made the foundation of his campaign to reorient the global economic order.
Though top aides have insisted publicly that trade negotiations remain unharmed, some of those same officials have pleaded with a court to spare President Trump from reputational damage on the global stage.
The president cited figures from the Congressional Budget Office to suggest tariffs could offset the cost of tax cuts, though he omitted important caveats for why that may not be the case.
The president cited figures from the Congressional Budget Office to suggest tariffs could offset the cost of tax cuts, though he omitted important caveats for why that may not be the case.
President Trump and his allies have united around a new foe: the economists and budget experts who have warned about the costs of Republicans’ tax ambitions.
President Trump and his allies have united around a new foe: the economists and budget experts who have warned about the costs of Republicans’ tax ambitions.
President Trump’s allies were trying to discredit the findings of experts even before the new forecast that their signature legislation would add $2.4 trillion to the federal debt.
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