Budget Cuts harm Low Income People

Posted on 17. Jun, 2017 by in Justice

A new analysis from the Center on Budget and Policy Priorities found that roughly three-fifths of the $4.3 trillion of non-defense cuts in President Trump’s proposed FY18 budget come from programs assisting low- and moderate-income people. These programs, which help individuals and families, seniors, and children, account for just 29 percent of non-defense spending and just 24 percent of total program spending. Yet President Trump’s budget would get 59 percent of its cuts from them.

In total, the Trump Administration’s budget would cut programs that help our neighbors afford basic living standards and improve their circumstances by $2.5 trillion over 10 years. According to CBPP.

President Trump’s budget would cut Medicaid by $1.6 trillion over 10 years, including cuts that result from repealing the Affordable Care Act, thereby reducing federal Medicaid spending by nearly half by 2027. The budget would also cut $193 billion (more than 25 percent) from SNAP/food stamps, leaving millions of low-income children, families, seniors, and people with disabilities to worry about having food on the table. Discretionary (annually appropriated) programs would be slashed by $4trump_li_cut_59_percent_30000 billion, eliminating housing vouchers for more than 250,000 struggling families and putting them at risk of homelessness, gutting job training programs, and ending help poor families need to heat and cool their homes. Spending on these non-defense discretionary programs in 2027 would fall to half of their 2010 levels under Trump’s plan. And let’s not forget that these “savings” are all so millionaires and big corporations can receive huge tax cuts; CBPP estimates that millionaires alone would receive tax cuts that could total more than $2 trillion over the next decade. Formore analyses on how harmful President Trump’s budget would be for America, see our FY18 budget resource page and this blog post.

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