President Trump's FY2021 Budget
The President released his budget proposal for Fiscal Year 2021 and made his priorities clear: he continues to put the wealthiest Americans first at the expense of working families. The budget proposal makes tax cuts for the wealthy permanent while breaking his promises to working families on health care, the economy, and other areas that help Americans get ahead and keep them safe.
Trump's budget includes extreme spending cuts--including Medicare and Medicaid--and makes fantasy economic projections that the Congressional Budget Office and other experts have called unrealistic. Yet, even taking those into account, the President’s budget still does not balance over the next 10 years.
Trump's budget includes extreme spending cuts--including Medicare and Medicaid--and makes fantasy economic projections that the Congressional Budget Office and other experts have called unrealistic. Yet, even taking those into account, the President’s budget still does not balance over the next 10 years.
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The President released his budget this week, and it has been swiftly panned for making unrealistic economic growth assumptions, failing to address massive deficits and debt, and breaking promises the President made – like protecting Medicare – just last week in his State of the Union. Here’s a look at what the press and news columnists are saying about the budget:
Mr. Speaker, on Monday, the Trump Administration released its budget proposal for Fiscal Year 2021. It was titled, 'A Budget for America’s Future,' but its vision for that future is bleak. Its vision of the future is the true 'American carnage' that President Trump described in his Inaugural Address. It envisions an America that is less than it can or should be. It envisions an America where working families are left to struggle while the wealthy continue to prosper.
The reviews of the President’s budget are in, and they are not kind. They point out the unrealistic economic growth assumptions, the massive deficits and debt, and his broken promise to protect programs like Medicare. Check it out:
From Politico:
From Politico:
President Trump’s budget released yesterday clearly outlines his priorities: the wealthiest Americans come first, while working families are left behind. After he promised to protect Medicare, Medicaid, and access to affordable health care, the President’s budget proposes destructive cuts to these programs and continues this Administration’s assault on American’s health care.
Yesterday, the President released his budget proposal for Fiscal Year 2021 and made his priorities clear: he continues to put the wealthiest Americans first at the expense of working families. The budget proposal makes tax cuts for the wealthy permanent while breaking his promises to working families on health care, the economy, and other areas that help Americans get ahead and keep them safe.
The budget released by the Trump administration Monday relies on a set of false assumptions about our economy, reflecting the distorted vision laid out in last week’s State of the Union address. In that speech, President Trump lied again and again about his record on the economy. It is critical that Americans know the facts.
President Trump’s destructive and irrational budget leaves working families out in the cold while it doubles down on the failed 2017 GOP tax law, extending expiring provisions and adding $1.5 trillion more to debt over the last six years of the budget window. Most of this extension’s tax breaks go to the richest one-fifth of households.
“Despite pledging to fight for working families and invest in our communities, President Trump’s budget fails to deliver.
“President Trump’s 2021 budget is an extreme and drastic step in the wrong direction. It continues the President’s ongoing assault on the health care of millions of seniors and hardworking American families, while also gutting environmental protection when we should be combating the climate crisis.
“A half a trillion-dollar cut to Medicare. A roughly $900 billion cut to Medicaid. A $24 billion cut to Social Security. Gutting nutrition assistance by $182 billion. A 21 percent cut to foreign aid and diplomatic efforts. Debilitating attacks to the Environmental Protection Agency and the Department of Energy. Destructive cuts to our public schools and programs that help Americans earn a college education.