Core Viewpoint - The article discusses the ongoing conflict between the White House and non-partisan fiscal oversight bodies, highlighting the financial challenges faced by the Trump administration, particularly regarding the allocation of funds for electric vehicle infrastructure and the implications of proposed fiscal policies on the federal deficit [2][5][9]. Group 1: Conflict with GAO - The White House Budget Management Office (OMB) instructed the Department of Transportation to disregard the Government Accountability Office (GAO) recommendations, escalating tensions between the Trump administration and independent regulatory bodies [2][5]. - GAO ruled that the Trump administration's delay in disbursing electric vehicle infrastructure funds was illegal, citing violations of the Congressional Budget and Impoundment Control Act of 1974 [5][6]. - The White House criticized GAO's motives, claiming it has become a partisan tool, and suggested that the executive branch should not cooperate with GAO's investigations [5][6]. Group 2: Budget Deficit Projections - The Congressional Budget Office (CBO) projected that the "Big Beautiful Bill" proposed by the Trump administration could increase the federal deficit by trillions of dollars, with estimates of a $1.9 trillion deficit for fiscal year 2025, rising to $2.7 trillion by 2035 [8][9]. - Adjusted deficits are expected to reach 6.1% of GDP by 2035, significantly above the historical average of 3.8% over the past 50 years [9]. - The non-partisan Penn Wharton Budget Model (PWBM) estimated that the proposed legislation could add $2.8 trillion to the deficit over ten years [9]. Group 3: Economic Impact of Proposed Policies - The article notes that the Trump administration's proposed 10% tariffs on imported goods would disproportionately affect low- and middle-income families, raising concerns about the effectiveness of the proposed fiscal measures to mitigate this impact [10]. - The proposed fiscal bill includes new tax cuts, but most benefits are expected to flow to high-income households, raising questions about equity and overall economic impact [10].
特朗普政府“财政纠纷”升级
第一财经·2025-06-04 15:12