Both political parties in the United States are currently cutting taxes and increasing spending.
Posted by Bulwark Takes, Checked
- Sources
- 1 contradict1 support2 context
- Said
- 1 time·
- Confidence
- 50%
Bulwark TakesAug 21, 2026
The claim departs from the passage: the post says both parties are 'eager to cut taxes more and raise spending' (a stated desire), while the claim asserts that both are currently doing so.
This claim is about the present, so it is judged as of the day it was checked.
What was said
… maybe issuing some of these bonds themselves, and that's, you know, that's that's crowding the market a little bit, but basically we have a very dysfunctional deficit issue, budget issue. We have no political will whatsoever to do anything about it. In fact, both parties are eager to cut taxes more and raise spending, and so this little pittance of an action to try to bring rates down is like, I forget who said it, but there was some analogy like this is a Bandaid on a bullet wound, and so it's not going to do anything, and it's just going to erode the trust that the …
Bulwark Takes · · from the transcriptPost →What we found
Contradicts. Bloomberg's opinion column says Republicans are devoted to cutting taxes while some Democrats favor higher taxes on the wealthy, so Democrats are not cutting taxes.[3]
Supports. CBO's monthly budget review shows FY2026 outlays rose 6 percent while revenues rose 3 percent, so the deficit grew to $2.0 trillion.[2]
Context. AP reports that the One Big Beautiful Bill extended Trump's tax breaks and added new ones, which is the main recent tax-cutting law.[1]
Context. CBPP argues policymakers should raise revenue to address the deficit, which runs against a claim that both parties are cutting taxes.[4]
Sources
4 sources: 1 fact-checker, 1 primary, 1 tier 2, 1 not rated
- 1'Big beautiful bill' is GOP's signature achievement, with ...apnews.com · fact-checker · cited for: context
- 2Monthly Budget Review: September 2026cbo.gov · primary source · cited for: supports
- 3Crook: The political breakdown that dare not speak its namebloomberg.com · tier 2 · cited for: contradicts
- 4Federal Policymakers Should Raise Revenue to Address Fiscal ...cbpp.org · not rated · cited for: context
Where this claim was made
Said in 1 published post