The $1.3 trillion omnibus spending bill and new tariffs announced by President Trump will not only drive up our national debt, but could greatly reduce the economic benefits otherwise expected through the recent tax reform bill, says an expert.
On Thursday, Republican majorities in the House and Senate approved the bill to ward off a partial government shutdown and President Trump signed it after briefly considering a veto. The omnibus plus Trump’s embrace of steel and aluminum tariffs and this week’s targeting of China for unfair trade practices has fiscal conservatives are furious with the GOP at both ends of Pennsylvania Ave.
National Taxpayers Union President Pete Sepp sees the omnibus as a disaster.
“We’re talking about an increase of $80 billion in defense spending, $62 billion in non-defense spending, a gimmick called the Overseas Contingencies Operation Account.
“Bottom line, amid rising interest rates, the additional