The deficit ran to US$900 billion in 2019, and the national debt has ballooned to US$22 trillion.
“President Trump added nearly US$2 trillion to our deficits with tax cuts for the wealthy and large corporations, and now it appears his budget asks the American people to pay the price," said John Yarmuth, Democratic chairman of the House Budget Committee, who added: "It has no chance in the House.”
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The fiscal policy is morally wrong :-
(1) Big tax cut to benefit the already very rich and large corporation.
(2) Now cut the spendings for the poor to make up for the big debt
(3) Ballooning the national debt with the big tax cut
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