Seven charts on the highlights from the government's mid year update of the budget.
American voters would not give more money to the wealthy.
Universities play a vital role in promoting economic growth, something the writers of the Republican tax plan have apparently forgotten.
A provision in the House's pending tax bill would let religious and secular nonprofits engage in political speech without facing a penalty.
Unless the government is willing to increase taxes elsewhere to pay for tax cuts there will be longer-term costs for the budget and the economy. And younger Australians will wear these costs.
If in the event the tax relief became an election promise, rather than pre-election money in the pocket, would people be sceptical?
Republican lawmakers say the proposed changes to the tax code would 'streamline' higher ed benefits. But this overhaul would squeeze many, if not most, students and schools.
Supply-side economics is the intellectual backbone of the argument that tax cuts for the wealthy will boost business investment, wages and growth. The evidence suggests otherwise.
The Republican tax plan would ultimately make the current system less progressive while reducing the overall burden, two things research shows make countries less happy.
Taxing inherited wealth doesn't just generate revenue for the government. It encourages philanthropy.
Research doesn't back up calls for more corporate tax cuts. But there are areas for the government to move to spur foreign investment.
The administration wants to cut the tax rate on so-called pass-through entities, which is likely to lead to creative tax planning and outright evasion, damaging faith in the system.
With some tinkering, a federal tax credit that encourages developers to create new units that low-income Americans can afford to rent might yield other benefits.
Keeping companies in the UK will be a huge task for whoever ends up in Downing Street.
Trump's budget is bad in every way. But that doesn't excuse us here of ridiculous assumptions.
Trump should drop his plans to cut taxes and instead look to some of our closest friends to learn what policies actually work to build and sustain a vibrant middle class.
The bar for achieving that lofty goal was set almost 150 years ago when Congress cut taxes from as high as 10 percent to zero over two years.
The basic idea of trickle-down economics is that giving economic help to companies or people at the top of society should generate benefits for those in layers further down.
The one audience that was prepared for a hard Brexit, it seems, was the City of London.
Money alone will not create the numbers and kinds of jobs required to boost the economy.