Inside the Trump Assault on the Consumer Financial Protection Bureau | Washington Monthly

Inside the Trump Assault on the Consumer Financial Protection Bureau | Washington Monthly

The Consumer Financial Protection Bureau (CFPB), created after the Financial Crisis, tries to ensure financial institutions don’t rip off ordinary people. Since its inception, it has returned more than $21 billion to Americans—a threefold return on investment compared to its operating budget. By any measure, it’s effective.   That success makes it a Wall Street and…

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This Republican Just Cracked the Doors Open to Higher Taxes on the Wealthy (Or Did He?) | Washington Monthly

This Republican Just Cracked the Doors Open to Higher Taxes on the Wealthy (Or Did He?) | Washington Monthly

With House and Senate Republicans still struggling to find consensus on a budget reconciliation bill extending and expanding the expiring tax cut package from Donald Trump’s first term, Representative Jason Smith made a surprising statement during a Fox News Sunday interview on May 4.  Asked if “upper earners may face higher taxes,” the chair of…

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