Trump's deep budget cuts could cause a backlash in rural America
- Author: Zachary Reyes May 26, 2017,
May 26, 2017, 7:47
"President Trump has proven his commitment to fiscal responsibility with a budget that will grow the economy".
"These budgets reflect the values of a president every year, and of course as you mentioned".
But the plan does cut nearly $3.6 trillion from an array of benefit programs, domestic agencies and war spending over the coming decade - an nearly 8 percent cut - including repealing former President Barack Obama's health law, cutting Medicaid, eliminating student loan subsidies, sharply slashing food stamps, and cutting $95 billion in highway formula funding for the states.
During a hearing on Wednesday, Rep. Barbara Lee (D-CA) grilled Mulvaney about the budget's 25 percent cut to food assistance for the poorest Americans.
He didn't provide details other than to add, "If you're in this country and you want to work, there's good news, because Donald Trump is President and we're going to get 3 percent growth, and we're going to give you the opportunity to go back to work". "And as a outcome I think it is just disastrously consequential to build a budget on 3% - the bible says you can't build a house on a sandy foundation", Sanford said. In an op-ed published yesterday, he wrote that the budget represents a reversal from prioritizing the interests of the poor to "putting taxpayers first". "It's not only a myth, it's frankly a lie".
Trump's budget summary says the program is fully paid for, but includes only $19 billion over the next decade. "This budget relies on absurd economic projections and pretend revenues".
Mnuchin was appearing Wednesday before a House panel one day after the White House released Trump's $4.1 trillion budget recommendation.
What about the standard of living for my grandchildren who aren't here yet?
And it's only a tiny improvement from the original version of the House bill, which would have resulted in an estimated 52 million people under 65 uninsured by 2026, according to the nonpartisan budget office.
Carson - who himself grew up in poverty to become a widely acclaimed neurosurgeon - said people with the "right mind set" can have everything taken away from them, and they'll pull themselves up.
Mulvaney, however, has signaled that the Trump administration is more concerned about reducing tax burdens than preserving services for those who rely on them.
"The foundation for the plan is 3% growth".
The White House responded to Summers' critique calling the Obama administration's economic assumption of 4.5 percent growth rate unrealistic.
The budget proposal also expects states to pitch in too.
Trump previously assured his base that he would not cut Medicare, Social Security or Medicaid if elected. This year's budget debate, Republicans hope, would grease the way for a major overhaul of the loophole-cluttered tax system.
The problem: The budget forecasts about $2 trillion in extra federal revenue growth to pay for that tax cut, but that same money is used to reduce the budget deficit. The government remains unable to rein in costs, because the government does not have statistics as to how much food stamp recipients spend on kitchen staples such as meat and vegetables, compared to soda, candy, and potato chips.
"This is an elementary double count". She says the cuts could be "devastating". "At least you can not do so in a world of logic", Summers wrote on his blog.
Mulvaney defended the budget as moral.
Under the proposed budget, millionaires would realize a massive tax cut and middle-class families would be on the hook for paying, Casey said.
"I'm aware of the criticisms and would simply come back and say there's other places where we were probably overly conservative in our accounting", he said.