President Trump’s new budget should lay to rest any belief that he’s looking out for the millions of people the economy has left behind. He proposes steep cuts in basic health, nutrition, and other important assistance for tens of millions of struggling, low- and modest-income Americans, even as he calls for extremely large tax cuts for the nation’s wealthiest people and profitable corporations.
This disturbing budget would turn the United States into a coarser nation, making life harder for most of those struggling to get by but more luxurious for those at the very top. Most Americans do not seek a new Gilded Age. And the budget is sharply at odds with what the President told voters he would do during his campaign. With this budget, the President betrays many voters who placed their trust in him.
In fact, this stands as the most radical, Robin-Hood-in-reverse budget that any modern President has ever proposed. Consider the combined effects of the health, tax, and spending policies that he’s outlined:
Ultimate supply side: drastic cuts in social welfare to fund enormous tax cuts for the wealthy on the assumption that this will stimulate domestic investment and create "millions of US jobs."
Center on Budget and Policy Priorities
Greenstein: Trump Budget Proposes Path to a New Gilded AgeRobert Greenstein | President CBPP
