Fiscal conservatives and Democrats alike ridiculed GOP congressional members and President Trump's tax cuts after federal spending hit a $3.7 trillion record and the budget deficit climbed to $867
Fiscal conservatives and Democrats alike are ridiculing Republican congressional members and President Donald Trump after federal spending hit a $3.7 trillion record and the budget deficit climbed to $867 billion so far this fiscal year.
Fiscal critics blasted the Tax Cuts and Jobs Act of 2017 which was passed by a Republican majority in both chambers of Congress before being signed into law by Trump that December. This week, both Democrats and Republicans criticized the budget passed August 1 which suspended the debt ceiling until the end of July 2021 and put spending levels about $320 billion above limits set by a 2011 law. Trump championed the budget deal as a"great victory" for the U.S.
"Revenue up 3 percent, spending up 8 percent equals [a] deficit of $897 billion in 10 months. DC doesn't care," remarked former GOP Florida Governor Jeb Bush Tuesday. HeArizona Republican Governor Doug Ducey for balancing the state's budget,"Great work Governor Ducey. Is Washington watching?"
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