Trump budget chief defends plan in face of opposition
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 17:29
That sounds fine, except the budget makes cuts to jobs. A Quinnipiac national survey in March showed that the public opposed cuts in the federal Medicaid program by a margin of 74 percent to 22 percent.
The White House said numerous proposed cuts were aimed at ineffective programs and that the savings were needed to help balance the budget in 10 years and finance increased spending for defense and other programs. And thus it is Congress, not the president, that decides the budget. Representative Mark Meadows, who heads the House of Representatives' hard-right Freedom Caucus, called it "a great step forward" for conservatives, adding: "It's all about economic growth".
"These cuts that are being proposed are draconian". "They're not mere shavings, they're deep, deep cuts". Social Security Disability Insurance, which supports the poorest disabled and elderly people, would be cut by more than $72 billion.
"Why is that? Because I can ask you for your money, I think, in good faith and good conscience and say, look, I need to take some of your tax money and give it to this family who deserves the childcare tax credit, but I can't do it to give the earned income tax credit, which is created to help folks who work, to give it to somebody who is in the country and working illegally", he said.
The latest monthly budget report from the Treasury shows receipts are up nearly 1% for the fiscal year to date. Democratic votes would also likely be needed to pass the fiscal 2018 spending bills needed to carry out budget priorities.
If the US economy did shift into a higher gear and begin growing at 3 percent on a sustained basis, Treasury bond yields would likely move far beyond the 3.8 percent rate the administration has assumed - possibly edging towards 5 percent based on historical data. To understand it, turn now with me to a budget appendix known as the "Analytical Perspectives".
The Trump plan relies on the per capita caps spelled out in the American Health Care Act passed in the U.S. House last. It's not only unprecedented; I would think that to be unreasonable. So I hear what you're saying. The eliminated programs amount to almost $27 billion.
Another savings - $40 billion over 10 years - comes from not allowing undocumented immigrants to collect the child-care tax credit or earned-income tax credit even if their children are USA citizens.
According to U.S. Department of Agriculture figures, bedrock Republican states that Trump won have long food-stamp rolls: 3.8 million people in Texas, 682,077 in Vice President Mike Pence's home state of in, 815,000 in Alabama and 1.6 million in Georgia, for example.
One of Trump's proposals would limit government waivers that have allowed able-bodied adults who don't have dependents to receive food stamps indefinitely without finding work. His budget also eliminates $200 billion from Supplemental Nutrition Assistance Program, aka food stamps.
All told, the recommendation - titled "A New Foundation for American Greatness" - would purge more than $3.5 trillion in federal spending over 10 years. Paramedics hospitalized over a dozen people who were sick in the downtown area where the homeless gather during the incident.
McDowell programs providing schoolchildren with food and transportation would be damaged, she indicated. There's little appetite among Capitol Hill Republicans for a genuine effort to balance the budget; GOP lawmakers this year are instead pressing to rewrite the tax code and forge a spending deal with Democrats that would permit higher military spending.
The true costs of the deep cuts in President Donald Trump's proposed budget would fall disproportionately on numerous poor and working class people in the Ohio Valley region who helped to elect him, according to lawmakers and policy analysts.
The Trump budget cuts money going to food stamps and cuts billions from social safety net programs like welfare.
The presidential budget now out cuts some of America's most important programs for disadvantaged families.
President Trump's budget is simply a proposal.