Trump's chief of staff just admitted Republicans are hypocrites on cutting the federal deficit
President Trump's chief of staff Mick Mulvaney admitted Republicans are hypocritical when it comes to shrinking the federal deficit, according to leaked audio that The Washington Post obtained.
The federal deficit neared $1 trillion in the last fiscal year, and it has swelled substantially during Trump's presidency. Mulvaney called that development"extraordinarily disturbing" but said that neither voters nor leaders in both parties cared much about it.Here is the federal deficit in the last five fiscal years :
But the deficit grew under Trump's watch as a result of the 2017 Republican tax law, which slashed the corporate tax rate and extended temporary benefits for individuals. It's also surged due to rising government spending.
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