Those wondering how President Donald Trump plans to pay for the $1.5 trillion in tax cuts for the rich he signed into law last year got their answer on Monday, when the White House unveiled its 2019 budget (pdf) blueprint that calls for $1.7 trillion in cuts to crucial safety net programs over the next decade — including $237 billion in cuts to Medicare alone.
While imposing “severe austerity” on domestic programs that primarily benefit poor and middle class Americans, Trump’s proposal also aims to hike the Pentagon’s budget to $716 billion — a seven percent increase from his 2018 request — and provide $18 billion for “the wall.”
“The Trump budget is morally bankrupt and bad economic policy,” Sen. Bernie Sanders (I-Vt.) wrote on Twitter Monday shortly after the White House proposal was made public.
Trump’s proposed FY19 budget is out. Over 10 years:
– $300+ billion cut to Medicaid
– $213 billion cut to SNAP
– $21 billion cut to TANF
– $72 billion cut to disability programs
– eliminates Social Svcs Block Grant (helps pay for child care and foster care) 1/
— Chad Bolt (@chadderr) February 12, 2018
Trump’s budget will include over $200 billion in cuts …read more