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'Morally Bankrupt' Budget: After $1.5 Trillion Gift to Rich, Trump Demands $1.7 Trillion in Safety Net Cuts PDF Print E-mail
Justice News
Posted by Joan Russow
Saturday, 17 February 2018 10:05

"Millions of Americans will lose access to life-saving programs because the GOP gave $1.5 trillion in tax cuts to the rich."  After $1.5 Trillion Gift to Rich, Trump Demands $1.7 Trillion in Safety Net Cuts

Staff members display recently released printed copies of U.S. President Donald Trump's fiscal year 2019 budget at the House Budget Committee on Capitol Hill February 12, 2018 in Washington, D.C. (Photo by Win McNamee/Getty Images)

Staff members display recently released printed copies of U.S. President Donald Trump's fiscal year 2019 budget at the House Budget Committee on Capitol Hill February 12, 2018 in Washington, D.C. (Photo by Win McNamee/Getty Images)

Those wondering how President Donald Trump plans to pay for the $1.5 trillion in tax cuts for the rich he signed into law last year got their answer on Monday, when the White House unveiled its 2019 budget (pdf) blueprint that calls for $1.7 trillion in cuts to crucial safety net programs over the next decade—including $237 billion in cuts to Medicare alone.

"Millions of Americans will lose access to life-saving programs because the GOP gave $1.5 trillion in tax cuts to the rich." 


—Tax March

While imposing "severe austerity" on domestic programs that primarily benefit poor and middle class Americans, Trump's proposal also aims to hike the Pentagon's budget to $716 billion—a seven percent increase from his 2018 request—and provide $18 billion for "the wall."

"The Trump budget is morally bankrupt and bad economic policy," Sen. Bernie Sanders (I-Vt.) wrote on Twitter Monday shortly after the White House proposal was made public
.

Last Updated on Sunday, 18 February 2018 13:16
 

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