Brian Higgins: “Any budget requires an examination of how and who pays for it and how that budget impacts the economy. We were told by…”

“Any budget requires an examination of how and who pays for it and how that budget impacts the economy. We were told by President Trump and Treasury Secretary Mnuchin that there would be no new tax cuts for the wealthy; and that this budget, and its blueprint, is a middle class miracle. That was last Wednesday. One week later, this Wednesday, the facts are in. If you make $730,000 in America, next year your income will rise by 8.5 percent, or $129,000, or $10,750 a month. If you make $67,000, your income will rise by 1.2 percent, or $670 next year, or a whopping $56 a month. This is no miracle. This is fraud being perpetrated against the middle class. We are told that tax cuts pay for themselves through the magic of dynamic scoring. Their budget will increase the deficit by $2.5 trillion over 10 years. Where are all the deficit hawks? Where are any of the deficit hawks? Goldman alumnus Mnuchin and Gary Cohn, the National Economic Adviser, said that this bill will grow the economy. Goldman economists said that their budget will have no good impact in terms of growth in the Federal budget over the next several years. Finally, infrastructure. The infrastructure budget for America, a nation of 300 million people, for the next 10 years is about the same as we spent rebuilding the roads and bridges of Iraq and Afghanistan over the last 10 years. This is unacceptable. We can do much better.”