Slash and burn: Trump’s budget reveals drastic cuts to social programs, increases border security
The
Additionally, the Trump plan would slash the
The
Trump also seeks to slice funding for food stamps, student loans and foreign aid. The
In a statement accompanying the 138-page budget, Trump -- who’s riding high on his recent
“For decades,
“As typical, President Trump’s budget shows his State of the Union address was lie upon lie to the American people,” Senate Minority Leader
Trump’s doesn’t propose to slash federal spending across the board.
Most glaringly, Trump is requesting
That’s more than
As the 2020 election looms, Trump’s budget proposal signals he will continue to campaign on cutting most federal spending, especially for programs benefiting low-income people.
Democratic presidential candidates are in large part suggesting the diametrical opposite, with
In addition to wall cash, Trump’s budget plan floats a 3% pay increase for the military and a
Under President
But
Trump still maintains that his plan would balance the budget within 15 years.
But that promise is based on rosy economic projects that economists say are unrealistic.
For starters, the economy would have to grow at a never-before-seen 3% per year through 2025. The economy grew 2.3% last year, the lowest since Trump took office.
Trump is also unwilling to give up on his deficit-increasing 2017 tax cuts, even as critics say they mostly benefit the wealthy.
“The bottom line: The cuts to health care, student loans, nutrition and many other areas represent the bill coming due for Trump’s tax giveaway,”
___
(c)2020 New York Daily News
Visit New York Daily News at www.nydailynews.com
Distributed by Tribune Content Agency, LLC.
Up to 70,000 Broward homeowners may be forced to buy flood insurance. Are you one?
United Insurance Holdings Corp. Schedules 2019 Fourth Quarter and Year End Financial Results and Conference Call
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News