Republican politicians plan to take food and health care away from the poor to subsidize tax cuts for the rich.
That might sound like a stale, Scroogy stereotype. But it’s not an exaggeration: It’s laid out, in black and white, in GOP budget plans released this week.
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Republicans have been trying for years to reduce federal health programs and nutritional assistance, including their disastrous attempts to repeal Obamacare in 2017. But now that they’re desperate to extend and expand the Trump tax cuts, they are especially motivated to shred the safety net because they need to find cost savings somewhere.
After all, President Donald Trump came into office with promises not only to extend his tax cuts, which are scheduled to expire at the end of this year, but also to deliver other giveaways. These include reducing corporate taxes and eliminating taxes on tips, overtime pay and Social Security benefits. These policies are both regressive and extremely expensive. Depending on exact assumptions, Trump’s overall tax agenda would cost between $5 trillion and $11 trillion over a decade, the Committee for a Responsible Federal Budget estimates.
That might sound like a stale, Scroogy stereotype. But it’s not an exaggeration: It’s laid out, in black and white, in GOP budget plans released this week.
Make sense of the latest news and debates with our daily newsletter
Republicans have been trying for years to reduce federal health programs and nutritional assistance, including their disastrous attempts to repeal Obamacare in 2017. But now that they’re desperate to extend and expand the Trump tax cuts, they are especially motivated to shred the safety net because they need to find cost savings somewhere.
After all, President Donald Trump came into office with promises not only to extend his tax cuts, which are scheduled to expire at the end of this year, but also to deliver other giveaways. These include reducing corporate taxes and eliminating taxes on tips, overtime pay and Social Security benefits. These policies are both regressive and extremely expensive. Depending on exact assumptions, Trump’s overall tax agenda would cost between $5 trillion and $11 trillion over a decade, the Committee for a Responsible Federal Budget estimates.
