Trump's budget: Medicaid, EPA and more spending cuts that could impact NYC - 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

Trump’s budget: Medicaid, EPA and more spending cuts that could impact NYC

AM New York

May 24--The Trump administration released budget documents on Tuesday, outlining a plan to slash $3.6 trillion in federal spending over the next decade.

Although the proposal in its current form is unlikely to pass in Congress, the documents make Trump's budget priorities clear.

Aside from some new spending for the fiscal year 2018, including a $54 billion hike in military spending, the budget documents feature major cuts to government agencies like the State Department and Environmental Protection Agency.

Mayor Bill de Blasio took to Twitter Tuesday afternoon to voice his opposition to Trump's plan.

"The president's budget is clearly written by millionaires and billionaires for millionaires and billionaires," the mayor tweeted.

De Blasio had blasted the Trump administration back in March after the president's preliminary budget blueprint was released, saying the plan would have a "huge negative impact" on New York City. The budget could affect upcoming transit projects and counterterrorism efforts in the city, among other issues, according to the mayor.

Scroll down to find out where some of the issues most important to New Yorkers fell on Trump's list of budget priorities.

Health care and Medicaid

Trump's budget proposal includes a cut of more than $800 billion to the Medicaid program over the next 10 years.

The Medicaid reform plan seeks to "empower states to innovate and prioritize Medicaid dollars to the most vulnerable populations," per the documents

But de Blasio denounced the proposed cuts on Twitter: "I don't think it's an exaggeration to say that yes, people will die from these cuts."

If the proposal goes through as is, the city and state's entire health care system could essentially be thrown into complete "disarray," said Elisabeth Benjamin, vice president of health initiatives for the advocacy group Community Service Society.

"The budget proposal is ludicrous on its face. The math doesn't add up," Benjamin said, adding that there was "no way" the system could handle over a trillion dollars in cuts without the people of New York being negatively affected.

"If it were to go through, it would be nothing short of armageddon for kids, seniors, working and low-income people," she added.

Medicaid isn't the only health care issue on the chopping block. The city's first lady, Chirlane McCray, released a statement slamming the budget's lack of funding for mental health care.

"In the midst of the opioid epidemic, President Trump promised that he would connect those struggling with addiction to the treatment that will help them recover their lives. Instead, he proposes to break that promise and devastate our families," McCray said in the statement. "These brutal cuts to mental health care, which has never been adequately funded, will cause widespread pain, put the lives of people in recovery at risk and exacerbate root challenges in education, public safety, criminal justice and homelessness."

Environmental protections

Funding cuts to the Environmental Protection Agency are still a top priority for the Trump administration in this latest spending proposal, which looks to slash the agency's budget by 30.4 percent.

The EPA's net budget for the fiscal year 2017 was set at $8.2 billion, but if Trump gets his way, the agency's budget for 2018 would be roughly $5.7 billion -- a $2.5 billion drop in funding. Experts have suggested the move could have a negative impact on New York, from its drinking water to air quality and beyond.

Peter Iwanowicz, executive director of Environmental Advocates of New York, said Trump is "living up to the promise of dismantling the EPA."

"If Congress doesn't protect their constituents and reject the president's plan, the results are clear -- fewer cops on the beat, fewer doctors and scientists to keep people from getting sick, and more New Yorkers dying because of dirty air and water," Iwanowicz said in a statement.

Counterterrorism

New York City stands to lose up to $190 million in counterterrorism funding under Trump's most recent budget proposal, the mayor reiterated on Tuesday.

Police Commissioner James O'Neill has said proposed cuts to state and local grant funding budgeted under the Department of Homeland Security could impact the NYPD. The potentially lost federal counterterrorism money could be used to provide officers with tools and resources for extreme emergencies such as bomb threats, he said.

A request for comment from the NYPD on the new budget proposal was not immediately returned.

The spending plan also cuts all funding to a Homeland Security program known as "countering violent extremism," which provides grants to communities to counter radicalism through outreach.

The program, whose roots go back to the Obama administration, has come under scrutiny by the Trump administration and some congressional Republicans who favor law enforcement, rather than community outreach, to fight what they see as a growing Islamic extremist threat.

At the beginning of the administration, some White House and DHS officials considered changing the name of the program to "countering Islamic extremism," and refocusing the funding only on grants that dealt with the Islamic community, not other communities that may have extremist views like white supremacists.

The funding cuts proposed by the budget would reduce the $50 million currently allocated for the program down to zero for fiscal year 2018.

Infrastructure

Although the budget proposal touts a target of $1 trillion in infrastructure investments -- to be met by a combination of new federal funding and incentivized nonfederal funding -- transportation advocates in New York were quick to point out the Trump administration has also proposed cutting infrastructure programs.

"At one time, the president talks about a trillion-dollar infrastructure plan and proposes cutting the programs we actually use to fund infrastructure," John Raskin, executive director of the Riders Alliance, said in a statement. "The words and the reality don't match."

When Trump released his budget blueprint in March, de Blasio suggested that, in addition to major projects like a Second Avenue subway expansion, Vision Zero safety projects would suffer.

The city has received about $100 million in federal funding for Vision Zero projects in the past three years through the U.S. Department of Transportation's programs like New Starts and TIGER grants. Under Trump's budget blueprint from March, New Starts would be dramatically reduced and the TIGER grants program would be cut completely.

With Reuters and Vincent Barone

___

(c)2017 amNewYork

Visit amNewYork at www.amny.com

Distributed by Tribune Content Agency, LLC.

Older

Cheyenne City Council approves health insurance for employees

Newer

Schumer Floor Remarks on the Russia Investigation, President Trump’s Budget Proposal, and Expected CBO Report on Trumpcare

Advisor News

  • Midlife planning for women: why it matters and how advisors should adapt
  • Tax anxiety is real, although few have a plan to address it
  • Trump targets ‘retirement gap’ with new executive order
  • Younger investors are engaged and advisors must adapt
  • Plugging the hidden budget leaks of retirement
More Advisor News

Annuity News

  • Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
  • AM Best Assigns Credit Ratings to Calix Re Limited
  • Transamerica introduces new RILA with optional income features
  • Transamerica introduces RILA with optional income features
  • American Life expands into Wyoming and Mississippi markets
More Annuity News

Health/Employee Benefits News

  • North Dakota small business owners lament rising healthcare costs, credit card swipe fees
  • NC's new Medicaid 'compromise' comes at a cruel and frightful cost
  • VA to host claims and enrollment clinic in Hutch
  • Data from Brown University Provide New Insights into Managed Care (Substantial Variation In Administrative Spending and Profit Across State Insurance Markets, 2023): Managed Care
  • Studies from Parth Sheth et al in the Area of Epidemiology Described (Graphical Structure Learning Identifies Hypothesized Mechanisms for Heterogeneous Treatment Effects in Medicaid Population Health Programs): Health and Medicine – Epidemiology
More Health/Employee Benefits News

Life Insurance News

  • Genworth Financial Announces First Quarter 2026 Results
  • Transamerica agrees to $57M settlement in cost-of-insurance lawsuit
  • The next step for AI in insurance — partnerships to scale
  • Your clients are sitting on underused assets
  • National Life Group Names Jason Doiron CEO of NLG Capital to Lead the Next Phase of Growth
More Life Insurance News

- Presented By -

NEWS INSIDE

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

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
  • RFP #T01325
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.
Insurance News | InsuranceNewsNet