After years of railing against federal spending while President Barack Obama was in office, Republicans have supported Mr. Trump’s bid to reinvest in the military and have largely followed his lead in cutting budget deals with Democrats that have increased overall spending. The United States entered its longest expansion on record in July, yet the deficit has continued to balloon. That could be bad news for Mr. Trump, who is heading into a re-election as economic growth begins to slow both in the United States and abroad. The numbers reflect the fact that Mr. Trump’s most significant legislative achievement is not paying for itself, as Republicans have said it would. In fact, tax revenue for the last two years has fallen more than $400 billion short of what the Congressional Budget Office projected in June 2017, six months before the tax law was passed.

Source: New York Times October 25, 2019 19:41 UTC