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House Budget Leader Slams Senate Budget Framework

April 5, 2025 at 9:58 am EDT By Taegan Goddard Leave a Comment

The House Republican leadership is tentatively planning to bring up the House-Senate budget resolution in the Rules Committee Monday, Punchbowl News reports.

However, House Budget Committee Chair Jodey Arrington (R-TX) is out with a blistering statement saying the Senate’s reconciliation instructions are “unserious and disappointing,” raising concerns about the impact on the debt.

Arrington said the current policy baseline, which the Senate used to zero out the cost of the tax cuts, “sets a dangerous precedent.”

It Should Not Have Been a Surprise to Anyone

April 5, 2025 at 9:52 am EDT By Taegan Goddard Leave a Comment

Garry Kasparov: “As I’ve said for years about Putin, and which applies to other autocratic personalities like Trump: ‘Dictators always lie about what they’ve done, but are often quite plain about what they want to do.’ ‘Trump would never…’ is the new ‘Putin would never…’”

“Such people do and take whatever they can, unless they are stopped. That they don’t always succeed does not mean they were not sincere in their ambitions and won’t keep trying to fulfill them. Trump has only been emboldened by the sycophantic GOP this time around.”

An Orwellian Solution to Pay for Trump’s Tax Cuts

April 5, 2025 at 9:48 am EDT By Taegan Goddard Leave a Comment

Catherine Rampell: “Senate Republicans on Wednesday decided their party alone would control how math works. This is a pressing legislative question at present, because pretzeling budgetary outcomes into prettier shapes and sizes will determine whether Republicans can pass President Donald Trump’s promised tax cuts.”

“Those cuts are very expensive. Not only do they include extensions of the 2017 tax law provisions (set to expire this year), but they also lower corporate rates as well as carveouts for tips, auto loan payments and other goodies. In total, Trump’s preferred tax agenda could cost between $5 trillion and $11 trillion over the next decade.”

“This is inconvenient. Republicans like to pretend they’re fiscal conservatives (at least some of the time). They would prefer not to acknowledge the hefty price tag, and they also don’t want to fully offset it with unpopular spending cuts.”

“So, they’ve devised a cheat. Rather than admitting how much their tax agenda would cost, they are simply asserting that they get their first $4 trillion — free!”


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Trump Weakens U.S. Cyberdefenses

April 5, 2025 at 8:40 am EDT By Taegan Goddard Leave a Comment

“When President Trump abruptly fired the head of the National Security Agency and U.S. Cyber Command on Thursday, it was the latest in a series of moves that have torn away at the country’s cyberdefenses just as they are confronting the most sophisticated and sustained attacks in the nation’s history,” the New York Times reports.

For Your Weekend Listening

April 5, 2025 at 8:00 am EDT By Taegan Goddard Leave a Comment

The latest episode of Trial Balloon is live for members.

Donald Trump starts a trade war while Cory Booker gives Democrats hope.

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Obama Calls on Americans to Resist

April 5, 2025 at 7:54 am EDT By Taegan Goddard Leave a Comment

Barack Obama called on universities and law firms to stand up to intimidation from President Donald Trump’s administration and urged Americans to prepare to “possibly sacrifice” in support of democratic values, the Washington Post reports.

Trump’s Approval Upside Down

April 5, 2025 at 7:33 am EDT By Taegan Goddard Leave a Comment

A new Wall Street Journal poll finds President Trump’s approval underwater at 46% to 51%.

Illinois Republicans Suffered Major Election Losses

April 5, 2025 at 7:32 am EDT By Taegan Goddard Leave a Comment

The Illinois Democratic Party backed 280 candidates on the ballot for various local offices across the state last week and 222, or 79% of them, were victorious, the Chicago Tribune reports.

In most suburban communities, the GOP was virtually shut out.

Hundreds of Law Firms Denounce Trump’s Actions

April 5, 2025 at 7:29 am EDT By Taegan Goddard Leave a Comment

“More than 500 law firms on Friday denounced President Donald Trump’s campaign to punish individual firms, calling his actions abuses of power that endanger the rule of law,” the Washington Post reports.

However: “The filing was not signed by any of the 20 largest firms nationwide, as measured by revenue.”

Nuclear Bomb Staffers on ‘Non-Essential’ List

April 5, 2025 at 7:26 am EDT By Taegan Goddard Leave a Comment

The Energy Department has identified 8,500 jobs as “non-essential” — including positions that oversee the nation’s stockpile of nuclear weapons — as it prepares to cut employees in response to a mandate from Elon Musk’s government efficiency team, Bloomberg reports.

How Worrying Is the Weakening Dollar?

April 5, 2025 at 6:33 am EDT By Taegan Goddard Leave a Comment

The Economist: “Reasoning from first principles you would expect Mr Trump’s protectionism to strengthen the currency. By raising the prices Americans must pay for foreign goods, his levies make them less attractive and thereby induce Americans to sell fewer dollars to buy them. What is more, his assault on the global trading system threatens to unleash economic chaos. That sort of worry usually has investors clamoring for dollars, since they view the world’s reserve currency as a safe haven when markets are turbulent.”

“In fact, the clamor has all been to sell. The greenback’s value had already been falling for months relative to a basket of its rich-world peers… It then cratered as the scale of Mr Trump’s new duties became clear.”

Nowhere to Hide

April 5, 2025 at 6:26 am EDT By Taegan Goddard Leave a Comment

“President Trump put up a wall between the U.S. economy and the rest of the world, and the market tanked. And then the market tanked again,” the Wall Street Journal reports.

“The message from Wall Street’s epic two-day rout, which destroyed $6.6 trillion in market value: There is nowhere to hide from Trump’s steep tariffs on goods imported from nearly every corner of the planet.”

Trump May Have Just Ended Globalization

April 5, 2025 at 6:25 am EDT By Taegan Goddard Leave a Comment

“The tariff barrage that President Donald Trump unleashed this week on the world economy marks a decisive end to an era of freewheeling globalization that was shaped by American policymakers, business executives and consumers,” the Washington Post reports.

“The United States is now abandoning the system that made it rich and powerful, gambling that it can become more prosperous by waging a global trade war on friend and foe alike.”

Said Harvard professor Carmen Reinhart: “This is a historical moment. Even if there is paddling back by the administration and even if negotiations start to soften the edges, this is the nail in the coffin of globalization.”

Senate Approves GOP Budget Plan

April 5, 2025 at 6:21 am EDT By Taegan Goddard Leave a Comment

“The Senate approved Republicans’ budget blueprint just after 2:30 a.m. on Saturday to clear the way for passing President Trump’s domestic agenda, after Democrats forced an overnight session to protest the G.O.P. push to deliver what the president has called ‘one big beautiful bill’ of spending and tax cuts,” the New York Times reports.

“The 51-to-48 vote, mostly along party lines, was a crucial step in the Republican effort to fast-track budget legislation through Congress and shield it from a filibuster through a process known as reconciliation.”

“Disagreements between Republicans in the House and the Senate about what should be in that bill had paralyzed them for weeks, but they have forged a fragile and complex compromise allowing them to move forward.”

Americans Were Souring on Trump’s Plans Before Tariffs

April 5, 2025 at 5:12 am EDT By Taegan Goddard Leave a Comment

“Americans elected Donald Trump with a favorable opinion of his economic plans. But his expansive push for tariffs has helped turn that confidence into skepticism,” a new Wall Street Journal poll finds.

“Tepid support for tariffs through the past year has become disapproval, with 54% of voters opposing Trump’s levies on imported goods, 12 points more than those who support his plans. Three quarters of voters say that tariffs will raise prices on the things they buy, up from 68% who said so in January.”

JPMorgan Predicts Recession for Later This Year

April 4, 2025 at 10:24 pm EDT By Taegan Goddard Leave a Comment

JPMorgan believes the U.S. economy will enter a recession in the back half of 2025 as the impact of President Trump tariffs takes hold in the economy, Yahoo Finance reports.

Trump Rejects Medicare Coverage for Obesity Drugs

April 4, 2025 at 8:43 pm EDT By Taegan Goddard Leave a Comment

“The Trump administration on Friday rejected a Biden plan that would have required Medicare and Medicaid to cover obesity drugs and expanded access for millions of people,” the New York Times reports.

“Expanding coverage of the drugs would have cost the federal government billions of dollars.”

Obama Calls for Universities to Stand Up to Trump

April 4, 2025 at 8:41 pm EDT By Taegan Goddard Leave a Comment

“Former President Barack Obama urged universities to resist attacks from the federal government that violate their academic freedom in a campus speech on Thursday,” the New York Times reports.

“He also said schools and students should engage in self-reflection about speech environments on their campuses.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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