Monday, May 22, 2017

Trump to Propose Deep Cuts to Anti-Poverty Programs and Medicaid
NEWSMAX / FINANCE

Image: Trump to Propose Deep Cuts to Anti-Poverty Programs and MedicaidPresident Donald Trump plans to propose $1.7 trillion in cuts to a category of spending that includes major social and entitlement programs for lower-income Americans, as part of an effort to balance the budget within a decade.

The White House will issue a formal budget request Tuesday that includes $274 billion in cuts over 10 years to means-tested anti-poverty programs, including food stamps, according to a Republican congressional aide and a White House document obtained by Bloomberg News.
The administration has prepared talking points for Republicans on Capitol Hill touting that the “budget strives to replace dependency with the dignity of work through welfare reform efforts.”

The upcoming budget request for fiscal 2018, which include dropping the top individual tax rate to 35 percent, is already attracting criticism from Democrats. Trump’s proposal will also call for $800 billion in cuts to Medicaid, the health program for the poor, the Washington Post reported.

“This budget continues to reveal President Trump’s true colors: His populist campaign rhetoric was just a Trojan horse to execute long-held, hard-right policies that benefit the ultra-wealthy at the expense of the middle class,” Senate Minority Leader Chuck Schumer said in a statement Sunday.

Read entire article here: http://www.newsmax.com/Finance/Economy/Trump-Cuts-Anti-Poverty-Medicaid/2017/05/22/id/791514/?ns_mail_uid=32379927&ns_mail_job=1732350_05222017&s=al&dkt_nbr=qi8ybmre

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