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The Budget, the Tax Plan … and Food Boxes [The New York Times]

NEW YORK TIMES (NYT)  More Company Research Source: The New York Times
Last new york times earnings: 2/8 08:30 am Check Earnings Report
US:NYSE Investor Relations: investors.nytco.com/investors/default.aspx
PDF Photo President Trump’s budget proposal was delivered Monday to the Capitol. The plan discards longtime Republican orthodoxy about balancing the budget, instead embracing last year’s $1.5 trillion tax cut and new spending on a major infrastructure initiative. Credit Eric Thayer for The New York Times To the Editor: Re “ Trump’s Budget Favors Military, Inflating Deficit ” (front page, Feb. 13): It seems to me that the White House put the proverbial cart before the horse. Shouldn’t the budget have come first, laying out the country’s spending needs, before the tax plan? The tax cuts will strip away a large portion of the federal resources that should have been available to finance the budget. We now have a proposal from the White House that would have the states come up with the money, presumably from state taxes, to supplement federal funds for infrastructure projects, a version of robbing Peter to pay Paul. LOIS BLOOM, WILLIAMSBUR [Read more]

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