5 Key Points About the Budget Before the House This Week
This week, the full House is planning to consider the 2018 budget plan that the
1. Seriously harm health care.
See these CBPP analyses:
* The House-Passed Health Bill Can't Be Fixed
* House Republican Health Bill Would Effectively End ACA Medicaid Expansion<
* House GOP Health Bill Still Cuts Tax Credits, Raises Costs by Thousands of Dollars for Millions of People
* House Budget Cuts, Restructures Medicare
2. Deeply cut programs that help low-income families make ends meet and move ahead.
By 2027, programs for low- and moderate-income people would shrink by 36 percent, on average. These cuts would make it harder for millions of struggling families to afford the basics -- a roof over their heads, food on the table, and health care.
See chart here (https://www.cbpp.org/blog/5-key-points-about-the-budget-before-the-house-this-week).
See these CBPP analyses:
* House GOP Budget Cuts Programs Aiding Low- and Moderate-Income People by
* Greenstein: Harsh House GOP Budget Resolution Asks Most from Those Who Have Least
* Commentary: House GOP Appears Set on Making College Less Affordable for Millions of Students
* House Budget Targets SNAP for Cuts
* House GOP Effort to Kill Social Services Block Grant Should Be Cautionary Tale
3. Cut non-defense discretionary (NDD) programs to historically low levels. These programs have been squeezed considerably under the 2011 Budget Control Act (BCA), which set annual caps on NDD funding. But the House budget would cut them further, by more than
See chart here (https://www.cbpp.org/blog/5-key-points-about-the-budget-before-the-house-this-week).
See these CBPP analyses:
* House Budget Would Cut Non-Defense Programs to Historic Lows
* Unmet Needs and the Squeeze on Appropriations
* House Appropriations Bills Fall Far Short of Meeting National Needs
* Policy Basics: Non-Defense Discretionary Programs
4. Cut taxes for the wealthy.
Second, the
In contrast to its emphasis on tax cuts for the wealthy and corporations, the House plan ignores the parts of the tax code that are best designed to support the struggling working class: refundable tax credits like the Earned Income Tax Credit and Child Tax Credit.
See these CBPP analyses:
* House GOP Budget Prioritizes Wealthy and Corporations for Tax Bill
* Republican Leaders' Tax Framework Provides Windfall to High-Income Households, With Working Families Largely an Afterthought
* Corporate Tax Cuts Skew to Shareholders and CEOs,
* Republican Tax Plans Would Largely Exclude Small Businesses -- and Could Even Hurt Them
* How Tax Reform Can Raise Working-Class Incomes
5. Use the fast-track budget reconciliation process to enact significant entitlement cuts and tax cuts. While outlining a broad ten-year fiscal framework, the budget plan establishes a fast-track "reconciliation" process to achieve the first tranche of entitlement cuts through legislation this year. It calls for various congressional committees to produce ten-year savings of at least
Moreover, the budget allows the
The reconciliation process that the House budget plan establishes would thus set the stage for Robin-Hood-in-reverse legislation this year that would widen income disparities, increase poverty, and likely cut taxes for those at the top and for large, profitable corporations.
See these CBPP analyses:
* Commentary: House Moving to Fast-Track Both Low-Income Program Cuts and Tax Cuts for Wealthy
* Vast Majority of Americans Would Likely Lose From Senate GOP's
* Senate Republicans Take Big First Step Towards
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