'Republicans care about poor people,' OMB Director Mulvaney says
- Author: Zachary Reyes May 27, 2017,
May 27, 2017, 23:43
And so - voila! - the Trump administration assumes 3 percent growth for the next 10 years, a level not seen in decades. Farm state lawmakers are already pushing back on proposals to curb agriculture assistance, for instance, and key Republicans are not interested in adding another round of cuts to Medicaid on top of those contained in the ongoing "Obamacare" repeal and replace effort.
The administration's biggest accounting sleight of hand is its failure to explain how Trump's corporate and individual tax-rate cuts pay for themselves. Among Republicans and Republican-leaning independents, 56% said they would reduce such funding. Mazie Hirono denounced Trump and said she would fully condemn any proposed cuts made against Native Hawaiian educational programs, grants and opportunities for Hawaii's youth to learn about Native Hawaiian Culture. Without that growth, he warned, it will become increasingly hard to cut budget deficits.
"We're not kicking anyone off of any program who really needs it", Mulvaney said at a press briefing Tuesday.
Obama's first budget in 2009 estimated growth would be above 4 percent in 2011, 2012 and 2013. It foresees an overhaul of the tax code, which analysts say could direct most of its benefits to upper-income earners. This of course differs significantly from the Congressional Budget Office (CBO) projection of moderate 1.9 percent economic growth over the next ten years reported in its most recent budget and economic outlook.
"The foundation for the plan is 3 percent growth". It would then settle into an average growth rate of 2.6 percent starting in 2015. Those numbers never materialized.
The proposal projects that this year's federal deficit will rise to $603 billion, up from $585 billion last year. The sole area in which a majority of either party favored decreasing spending was "economic assistance to needy people around the world".
Trump has promised to rebuild the US military through a spike in spending. He said the spending plan was "simply ludicrous".
She pointed out that Medicaid, targeted for a $610 billion cut, has almost 350,000 Hawaii residents depending on Medicaid to access health care.
A final CBO score for the House-passed bill, which will reflect last-minute changes, is scheduled to be released Wednesday and is expected to show even lower budget savings.
Mulvaney's comments, which came during a House Budget Committee hearing, resurrected an issue that Congress has mostly ignored in recent months but will soon trigger tough political decisions.
The presidential budget now out cuts some of America's most important programs for disadvantaged families.
But while the arithmetic underpinning the budget plan stole most of the headlines this week, the details of the budget proposal reveals the true politics of an administration willing to take measures that will have a detrimental impact on the very low-income Americans who helped propel Trump to the White House.
But he also said Mr. Trump's plan is a departure from those of his predecessors, in that it actually includes a way to pay back the bills it racks up. Just like many Democrats care about national defense.
Trump has sought to negotiate with Democrats on infrastructure spending and touted a $1 trillion investment.