CBO Report Contradicts GOP's Claims About Tax Bill
#cbo #tax bill #congressional budget office #national debt #economy #medicare #tax cuts #wealth inequality #2018 midterm elections
About the People Mentioned
Donald Trump
Donald John Trump, born June 14, 1946, in Queens, New York, is an American businessman, media personality, and politician. He graduated from the University of Pennsylvania’s Wharton School in 1968 with a degree in economics. In 1971, he took over his family’s real estate business, renaming it the Trump Organization, through which he expanded into building and managing skyscrapers, hotels, casinos, and golf courses. Trump gained widespread fame as the host of the reality TV show *The Apprentice* from 2004 to 2015, which helped establish his public persona as a successful entrepreneur. Trump entered politics as a Republican and was elected the 45th president of the United States, serving from 2017 to 2021. His presidency was marked by significant policy actions including tax cuts, deregulation, the appointment of three Supreme Court justices, renegotiation of trade agreements (notably replacing NAFTA with the USMCA), and a focus on immigration control including border wall expansion. He withdrew the U.S. from international agreements such as the Paris Climate Accord and the Iran nuclear deal, and engaged in a trade war with China. His administration’s response to the COVID-19 pandemic was criticized for downplaying the virus’s severity. Trump was impeached twice by the House of Representatives—first in 2019 for abuse of power and obstruction, and again in 2021 for incitement of insurrection—but was acquitted by the Senate both times. After losing the 2020 election to Joe Biden, Trump challenged the results, culminating in the January 6, 2021, Capitol riot. He remains a central figure in American politics, having won the 2024 presidential election and returned as the 47th president in 2025, continuing to promote policies aimed at economic growth, border security, and military strength[1][2][3][4].
About the Organizations Mentioned
CBO
Community-Based Organizations (CBOs) are nonprofit entities that serve specific communities or significant segments of those communities. These organizations are driven by local residents and operate at the grassroots level, focusing on addressing local needs such as education, healthcare, housing, and social justice[1][2][3]. CBOs are typically founded and led by community members, ensuring that their missions align closely with the unique issues and demographics of their area[3]. **History and Definition:** The concept of CBOs has evolved over time, with definitions being formalized in various contexts. For instance, the National Community-Based Organization Network (NCBON) defined CBOs in terms of their community-driven governance and operations[1]. Legally, CBOs are recognized as nonprofit organizations providing educational or related services to individuals in the community[5]. **Key Achievements and Current Status:** CBOs have achieved significant success in fostering community engagement, improving quality of life, and empowering residents through active civic participation. They often collaborate with other nonprofits, government entities, and private sectors to leverage resources and create sustainable change[3]. Currently, CBOs continue to play a vital role in addressing local challenges and promoting systemic change through advocacy and education[3]. **Notable Aspects:** - **Grassroots Approach:** CBOs are distinct from larger nonprofits due to their localized focus and grassroots approach to problem-solving[3]. - **Collaboration and Funding:** They receive funding from various sources, including donations and government grants, and engage in partnerships with local businesses to support their programs[3]. - **Sector-Based Partnerships:** CBOs participate in sector-based partnerships to address specific industry needs and develop talent pipelines[7]. Overall, CBOs are pivotal in enhancing community well-being and fostering local engagement, making them a crucial part of community development efforts.
