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German political philosopher Karl Marx. Photo: Getty Images

A pre-election report from the White House Council of Economic Advisers asserts that socialism "is making a comeback in American political discourse."

The report — "Opportunity Costs of Socialism," which echoes an Oct. 12 op-ed by President Trump in USA Today that was strafed by fact checkers — is aimed at denigrating Democrats and bolstering Republicans ahead of the midterms.

From the executive summary, provided to Axios ahead of the report's release:

  • "Coincident with the 200th anniversary of Karl Marx’s birth [May, 1818], socialism is making a comeback in American political discourse. Detailed policy proposals ... are gaining support in Congress and among much of the electorate."
  • "The proposed solutions include single-payer systems, high tax rates ('from each according to his ability'), and public policies that hand out much of the Nation’s goods and services 'free' of charge ('to each according to his needs')."
  • If Medicare for All "were financed through higher taxes, GDP would fall by 9 percent, or about $7,000 per person in 2022."

Be smart: The report, which includes a passage about "Maoist China, Cuba, and the Union of Soviet Socialist Republics (USSR)," should be read as political talking points rather than rigorous economic analysis.

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Go deeper

Trump political team disavows "Patriot Party" groups

Marine One carries President Trump away from the White House on Inauguration Day. Photo: Patrick Smith/Getty Images

Donald Trump's still-active presidential campaign committee officially disavowed political groups affiliated with the nascent "Patriot Party" on Monday.

Why it matters: Trump briefly floated the possibility of creating a new political party to compete with the GOP — with him at the helm. But others have formed their own "Patriot Party" entities during the past week, and Trump's team wants to make clear it has nothing to do with them.

DOJ watchdog to probe whether officials sought to alter election results

Donald and Melania Trump exit Air Force One in West Palm Beach, Fla., on Jan. 20. Photo: Alex Edelman/AFP via Getty Images

The Justice Department's inspector general will investigate whether any current or former DOJ officials "engaged in an improper attempt to have DOJ seek to alter the outcome" of the 2020 election, the agency announced Monday.

Driving the news: The investigation comes in the wake of a New York Times report that alleged Jeffrey Clark, the head of DOJ's civil division, had plotted with President Trump to oust acting Attorney General Jeffery Rosen in a scheme to overturn the election results in Georgia.