Rep. Velazquez Issues Statement of President Trump's FY2018 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. Velazquez Issues Statement of President Trump’s FY2018 Budget

Targeted News Service

WASHINGTON, May 23 -- Rep. Nydia M. Velazquez, D-N.Y., issued the following statement on President Trump's Fiscal 2018 budget:

"In sum, this budget constitutes a mean spirited, unconscionable attack on working families, seniors and children.

"To shift generous tax breaks to millionaires, billionaires and large corporations, the President would slash programs like the Supplemental Nutrition Assistance Program, Meals on Wheels and Social Security Disability Insurance benefits.

"These are initiatives relied on by seniors and by hard working, low-income New Yorkers. SNAP provide nutritional assistance to 1.8 million families, the elderly and the disabled in New York. Yet this Administration takes aim at this initiative, suggesting slashing it by $193 billion - more than 25 percent - over the next decade. In order to give bigger tax breaks to his billionaire buddies, President Trump is literally willing to take food from the mouths of babes.

"This plan would also hollow out the Community Development Block Grant initiative, which funds 'Meals on Wheels' and is critical to many of our communities. Everything from education to job training to housing to our environment would suffer if this budget were implemented. Medicaid would lose over $800 billion over ten years, depriving families of needed healthcare.

"It's a sad irony that many of the Americans who would be most devastated include those living in states and counties that voted overwhelmingly for the President.

"Thankfully, these cuts stand little chance of being enacted as put forth, but they make starkly clear the President's wrongheaded priorities. Democrats stood united, arm-in-arm during negotiations on the last Fiscal Year spending measure. The result was that we protected critical programs for families, kids and seniors. With this budget, the President has signaled his intent to harm our nation. As Democrats, we'll simply have to fight harder to resist these immoral proposals. And, that's exactly what we'll do."

Older

Study Paints A Better Picture Of Millennials’ Driving Risks

Newer

Rep. Wilson Issues Statement on White House Budget Proposal

Advisor News

  • CT governor’s candidates claims: What’s true, and what’s misleading
  • Retaining clients by giving them a memorable experience
  • Addressing the longevity paradox
  • Employers shift focus from retirement access to financial outcomes
  • Helping widowed clients navigate their new financial reality
More Advisor News

Annuity News

  • How flexible annuities fit today’s retirement portfolios
  • Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
  • Symetra and TIAA Announce Launch of Mariner Re
  • Jackson Launches Suite of Fixed Index Annuities Focused on Accumulation
  • Farm Bureau P&C insurers post first underwriting gain since 2021
More Annuity News

Health/Employee Benefits News

  • Can your finances handle an unexpected health crisis?
  • NC's State Health Plan taps retiree funds amid cash crisis, reaches deal with Atrium Health
  • Study: Colorado’s Medicaid covers more services than private insurance
  • Studies from Northwell Health Describe New Findings in Managed Care (The Relative Value Scale Update Committee: Understanding How Dermatologists’ Work Is Valued): Managed Care
  • Hofstra University Details Findings in Managed Care (A University and Community Partnership to Address Diaper Insecurity Among Infants in Suburban Communities Through Home Visiting Services): Managed Care
More Health/Employee Benefits News

Life Insurance News

  • Data on Critical Illness Detailed by Researchers at Shanghai University of Finance and Economics (Does the Mobile Application Sales Channel Strengthen Insurance Inclusion? Evidence From Critical Illness Insurance): Disease Attributes – Critical Illness
  • Northwestern Mutual announces record $10B dividend payout
  • South Carolina, Atlantic Coast mediation fails to resolve reserving dispute
  • Life insurer ordered to stop selling policies in Virginia
  • Symetra and TIAA Announce Launch of Mariner Re
Sponsor
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

  • 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.