Earlier today, President Trump released his budget proposal. His administration tries to claim it will reduce the federal deficit by $3 trillion. It won’t.
The numbers don’t add up. This budget proposal relies on estimates that the economy will continue to grow rapidly. In the last week we have seen wild swings in the stock market that remind us we cannot count on future money to plan today’s budget.
Just last week the President authorized an additional $300 billion in spending–and this on the heels of $1.5 trillion in tax cuts that will help shrink the middle class. The Trump administration is trying to pull a bait and switch on the American people.
Hidden in this budget are devastating cuts to Medicare and inadequate coverage of our infrastructure needs. While it cuts back on the services for our roads and our senior citizens, it commits $23 billion to border security.
Most of that $23 billion is to build the wall, which is—on its best day—a colossal waste of money. There are sensible, humane ways to tackle immigration and make our economy stronger. This is not it.
I cannot support this proposal. By some measures, this budget proposal will add $7 trillion over the next 10 years. It will do that all while cutting funding for Medicare, Medicaid, and food stamps. There are real ways to reduce the federal deficit without hurting the most vulnerable members of our society.
If elected, I will support a federal budget that works toward real deficit reduction, protects our seniors, and invests in meaningful infrastructure improvement. Such a plan must include:
- Strong infrastructure improvement – achievable through bipartisan efforts.
- Support for Medicare and Medicaid – please read more about my Healthcare Plan on my website.
- Clear-eyed budgeting that makes a deliberate plan for reducing the federal deficit – while President Trump pretends to advocate for deficit reduction, this budget proposal would balloon our federal deficit.
I believe in simplifying the tax code by closing financially reckless loopholes. We can invest in our society without cutting funding for people who are struggling to feed and care for themselves and their families.