Rep. Delaney Issues Statement on White House Budget - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 24, 2017 Newswires
Share
Share
Post
Email

Rep. Delaney Issues Statement on White House Budget

Targeted News Service (Press Releases)

WASHINGTON, May 23 -- Rep. John Delaney, D-Md., issued the following news release:

On Tuesday, the White House released its budget proposal for fiscal year 2018. President Trump's budget includes major cuts to education, environmental protection and cleanup, science and research, health care and the social safety net. The White House budget also includes $1.6 billion to build a wall along the U.S. border with Mexico and large tax cuts for the wealthy. The budget includes baseline economic growth projections that have been challenged by both conservative and progressive economists and numerous instances of double-counting and basic errors.

Congressman John K. Delaney (MD-6), releases the following statement:

"President Trump's budget doesn't help prepare our country for a better future and reflects the wrong priorities and the wrong goals. I am appalled by the values expressed in this budget, which will greatly harm the most vulnerable among us and reward those who least need it. This is a backwards-looking Tea Party budget that doesn't position the country to succeed in a high-tech global economy or to lead in the industries of the future.

"The initial 'skinny budget' released in March was a declaration of war on the state of Maryland and this is now the first shot. From Western Maryland to the Bay, this budget is disastrous for our state. I called on every elected official in Maryland to speak out against Trump's budget and we need a united voice now more than ever. Once again, it would be helpful if our Governor dared to criticize the President, who is pushing an agenda that would be terrible for our economy and state budget."

President Trump's budget:

Eliminates the Appalachian Regional Commission, which provided over $1.8 million in economic development grants to Western Maryland in 2016.

Eliminates funding for the TIGER grant infrastructure program, a $499 million dollar cut to America's infrastructure.

Eliminates the Essential Air Service program which supports rural airports, including the Hagerstown Regional Airport.

Eliminates the Low Income Home Energy Assistance Program, which assists families with heating and cooling costs.

Eliminates funding for the National Endowment for the Arts and the National Endowment for the Humanities.

Includes a 19% cut to the National Institutes of Health, reducing funding by $5.8 billion.

Includes an elimination of the cost of living adjustment for current and future Federal Employee Retirement System (FERS) participants and an increase in employee contributions, costing Federal employees and retirees nearly $150 billion.

Includes $600 billion in cuts to Medicaid, a 47% reduction, and $193 billion in cuts to the Supplemental Nutrition Assistance Program over the next decade.

Includes $40 billion in cuts to the Earned Income Tax Credit and Child Tax Credit over the next decade.

Includes $72 billion in cuts to the Social Security Disability Program.

Includes $21 billion in cuts to Temporary Assistance for Needy Families.

Includes a 28% cut to the State Department, including major cuts to diplomacy, development and climate change programs.

Includes a 31% cut to the Environmental Protection Agency and a full elimination of federal support for Chesapeake Bay cleanup as well as over 50 other environmental programs.

Includes a 21% cut to the Department of Agriculture with major cuts to nutrition assistance programs and cuts to programs that serve rural communities.

Includes a 13% cut to the Department of Education, including reductions to before-school and after-school programs, financial aid and federal work-study programs for higher education.

Includes a 6% cut to the Department of Energy and major cuts to climate science and clean energy programs.

Eliminates the Community Development Block Grant Program, which has supported $746 million in Maryland community development projects since 2003.

Older

Rep. Clyburn Issues Statement on President Trump Budget Proposal

Newer

Single Premium Pension Buy-out Sales Surpass $1.4B In 1Q

Advisor News

  • Berkeley arts tax heads toward passage while public bank measure looks likely to fail
  • Americans’ sense of overall prosperity still ticks upward
  • Turning expanded eligibility into a better coverage plan for federal clients
  • Election 2026: Which of Berkeley's 7 ballot measures will pass?
  • How advisors can help frugal retirees finally enjoy their savings
More Advisor News

Annuity News

  • AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
  • Jackson reports record annuity sales, increases share repurchase authorization
  • Why the market doesn’t need more carriers
  • Equitable, Corebridge steam toward merger with strong Q3 annuity sales
  • Jackson Announces New Annuity Offering for AARP Members
More Annuity News

Health/Employee Benefits News

  • The caregiving generation doesn’t want to repeat their parents’ mistakes
  • Lawmakers warming to discussing long-term care
  • Health and Humor: Medicare Plus Supplement vs. Medicare Advantage (maybe) 2026
  • CVS Health will spin off Aetna after eight years
  • HUMAN RIGHTS CAMPAIGN FOUNDATION FILES FOR PRELIMINARY INJUNCTION TO BLOCK PROHIBITION OF TRANSGENDER HEALTHCARE COVERAGE FOR FEDERAL EMPLOYEES
More Health/Employee Benefits News

Life Insurance News

  • U-Haul Holding Company Reports Second Quarter Fiscal 2027 Financial Results
  • Genworth Financial Announces Third Quarter 2026 Results
  • AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
  • Why the market doesn’t need more carriers
  • Unum Group Reports Third Quarter 2026 Results
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.