Justin Miller

 Justin Miller is a senior writing fellow for The American Prospect.

Recent Articles

For Banks, Double the Trickle-Down Delight

Trump’s tax cuts and deregulation are a bonanza for Wall Street.

(Sipa USA via AP) Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks at an Economic Club of Washington event in Washington, D.C., on September 12, 2016. trickle-downers.jpg C itigroup, one the country’s four mega-banks, is taking a $22 billion loss from President Trump’s tax plan. But the banking giant is not worried. In fact, its stock ticked up and its top executives are elated. That’s because the loss is a mere blip on the radar—a one-time cost for bringing back profits stashed overseas. The real bonanza is on the horizon. “Tax reform not only leads to higher net income and increased returns but also serves to strengthen our capital-generation capabilities going forward," CEO Michael Corbat pronounced . Citigroup is not the only bank projecting an even rosier future. As The New York Times reported , the country’s financial institutions are perhaps the biggest winners of all. JP Morgan Chase (the biggest bank behemoth of them all) and Wells Fargo both expect to pay...

What Happens If Trump Fires Mueller?

The president can try to oust the special prosecutor, but it won’t be easy—and it won’t be the end of Trump’s legal problems.

AP Photo/Andrew Harnik, File
AP Photo/Andrew Harnik, File Former FBI Director Robert Mueller, the special counsel probing Russian interference in the 2016 election, departs Capitol Hill following a closed door meeting in Washington S peculation is running rampant within the Beltway that over the holiday break President Donald Trump might try to oust Special Counsel Robert Mueller, who is leading the expansive investigation into whether the Trump presidential campaign colluded with Russia. Trump continues to publicly deny the rumors, insisting he won’t fire Mueller. Meanwhile, even as some Republican Party officials have been fomenting opposition to Mueller to build support for Trump dumping him, progressive organizations and Democratic leaders alike have called for immediate protests in the streets should Trump actually fire the special prosecutor. This has all created a sense of heightened drama to close out a year that has had no shortage of it. It’s important to note, however, that many legal experts strongly...

Trump’s NLRB Showers Big Business with Gifts, Workers with Coal

While all eyes were on the tax bill, Trump’s new labor board quickly and quietly undid a number of Obama’s pro-worker reforms. 

(Photo: AP/Susan Walsh) President Donald Trump speaks at a campaign-style rally at the Pensacola Bay Center, in Pensacola, Fla., Friday, Dec. 8, 2017. T his holiday season, President Trump is doling out lumps of coal for workers (and not the clean kind either). In his first year as president, Trump appointed two new members on the National Labor Relations Board, giving the board its first pro-business majority in eight years. By the end of September the Senate had confirmed the appointments of Marvin Kaplan, a Republican lawyer, and William Emmanuel, a corporate labor lawyer. However, nobody expected the new board to take much action until after the NLRB’s Chairman, Philip A. Miscimarra, retired in mid-December and Trump replaced him. But Trump’s federal labor agency pulled off a Christmas miracle. As all eyes were on the fate of the Republicans’ $1.5 trillion tax cut package and Miscimarra on his way out the door on Saturday, the board released a flurry of decisions within 48 hours...

Dynamically Scorned

Steve Mnuchin’s “fake math” analysis admits that the tax cuts will not pay for themselves. Will it matter? 

(Photo: AP/Alex Brandon) Treasury Secretary Steve Mnuchin is seated during a ceremony to swear in Joseph M. Otting as Comptroller of the Currency, at the Treasury Department, Monday, Nov. 27, 2017 in Washington. T reasury Secretary Steve Mnuchin has claimed from Day One that the Trump tax cuts will pay for themselves with a healthy dose of economic growth. “Not only will this tax plan pay for itself, but it will pay down debt,” he said in September. For almost as long, he has promised that his tax analysts would produce a detailed analysis that backed up that claim. Mnuchin said he had more than 100 analysts working on the report, which would be released before Congress voted. But as the tax bill was unveiled, details were hashed out in the House and Senate, and votes took place, tax wonks questioned whether the report would ever come out. As it turns out, The New York Times found out that nobody in the Treasury’s Office of Tax Policy—which is in charge of economic forecasting—was...

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