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Monday, February 10, 2020

2020.0210.0002...


Trump’s new budget proposal expected to show how far he has moved away from some 2016 campaign promises

Jeff Stein, Erica Werner - Feb. 9, 2020


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The border wall that he promised would be paid for by Mexico is instead being financed by billions in U.S. taxpayer dollars, and the administration’s budget request to Congress is expected to seek even more.

The president’s 2015 promise to protect Medicaid from cuts has been repeatedly ignored, as he has sought to slash some $800 billion over a decade from the health program for low-income Americans. The latest evidence of this came on Saturday, when he wrote on Twitter that the budget proposal “will not be touching your Social Security or Medicare.” He made no mention of protecting Medicaid, even though he had vowed to guard it during his first presidential campaign.

He is also seeking to gut the Affordable Care Act through the courts despite pledging to safeguard one of its key tenets: insurance coverage for people with preexisting conditions.

During the 2016 campaign, Trump vowed to deliver a major infrastructure plan, but there has been virtually no progress on this issue.

And the president’s promise to eliminate the government’s roughly $20 trillion debt within eight years has also gone unfulfilled. Instead, Trump has added almost $3 trillion to the debt in three years, and that number is only expected to balloon, according to nonpartisan estimates. Proposals to cut domestic programs have evaporated in massive year-end budget deals with Congress that have actually raised spending limits.

Trump’s first budget proposal relied on questionable math when it sought to eliminate the budget deficit after 10 years, but even that goal has slipped out of reach.

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The president and his aides have also said the GOP tax cut of 2017 would pay for itself, meaning that it would create so much new tax revenue because of growth that there will not be an impact on the deficit. This prediction has not come true, critics say. The Congressional Budget Office recently said that annual deficits will top $1 trillion in 2020 for the first time since 2012 and that the tax cuts have led to a reduction in new revenue.

Read entire article HERE.





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