What It Would Take to Cut Spending by $5 Trillion
After adding $1.9T to our deficits with the #GOPTaxScam, now the the Republican Budget calls for $4.7T in cuts. Republicans wouldn’t identify all changes needed to achieve these extreme savings, so we did it for them. And it isn’t pretty.
The House Republican 2019 Committee-reported budget resolution displays Congressional Republicans' extreme fiscal…democrats-budget.house.gov
CBO projects net spending for natural resources and environment to total $36 billion over 10 years. That means that even complete elimination of the major spending programs would not be enough to cover the cuts required in the GOP Budget.
Total mandatory transportation spending cuts in the GOP Budget are nearly twice the total amount of current projected spending.
Think the GOP’s Higher Education Act reauthorization bill is terrible? Its $15B cut amounts to just 6% of the total education cuts assumed in the GOP Budget. At every turn, the GOP agenda abandons students struggling to afford a college education, while embracing more tax cuts for the wealthy.
The #GOPTaxScam was a backdoor attack on Americans’ health care — and this year’s GOP Budget continues those attacks.
During debate on the GOP Budget, Democrats offered amendments to protect Medicare as the bedrock of seniors’ health care by repealing part of the #GOPTaxScam. Republicans chose tax cuts for billionaires and big corporations instead, and rejected these amendments.
The GOP Budget reduces Social Security spending by $300B, threatening the retirement security of our nation’s seniors. Here are a few ways Republicans are likely cut Social Security: