The following article by Seth Hanlon, Rebecca Vallas, Rachel West, Katherine Gallagher Robbins, Eliza Schultz, Heidi Schultheis, Kevin DeGood, Annie McGrew, Thomas Huelskoetter, Angela Hans, Erin Auel, Stephenie Johnson, Ben Miller, Antoinette Flores, Michela Zonta, Rejane Frederick, Alex Rowell, Alan Cohen and John Norris was posted on the Center for American Progress website February 12, 2018:
In December 2017, President Donald Trump and the Republican Congress enacted legislation providing large tax cuts overwhelmingly weighted to corporations and the wealthy. By draining federal revenue, the tax bill will increase deficits by an estimated $1.5 trillion over 10 years. Congressional Republicans have been loath to discuss how they plan on paying for these massive giveaways. But the president’s budget, released today, reveals how the Trump administration proposes to pay for the tax cuts—and the picture is not pretty.
Trump’s budget would cut $675 billion from federal health care spending over 10 years by repealing the Affordable Care Act (ACA) and eviscerating the traditional Medicaid program, leaving millions fewer with health coverage. It would decimate education funding, making the most significant cuts in 30 years. It would cut programs that millions of Americans depend on to find a good job, keep a roof over their head, or put food on the table. It would also slash Social Security and other programs for people with disabilities. And it would severely cut public investments that are necessary for broad-based economic growth and a strong middle class. And as new polling by the Center for American Progress shows, this Robin-Hood-in-reverse agenda is the opposite of what the American people want. Continue reading “Trump’s Budget Reveals that He Wants Everyday Americans to Pay for His Tax Cuts for the Wealthy”