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Trump Team Defends Budget's $2 Trillion Math Error

Published on 07/18/19 / In News & Politics

"A New Foundation for American Greatness" was built on quicksand, and the president's defenders are happy to keep shoveling it. President Donald Trump's newly unveiled budget contains a huge accounting error that uses the same money twice for two different purposes. Based on its supersized projections of 3 percent GDP, the president's budget forecasts about $2 trillion in extra federal revenue growth over the next 10 years, which it then uses to pay for Trump's "biggest tax cut in history." Treasury Secretary Steve Mnuchin, when asked Tuesday about the fiscal fumble during an economics conference, replied, "This is a preliminary document that will be refined."

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