Even aside from its trillion dollar accounting errors, President Trump’s budget has caused quite a stir in Washington. The controversial 2018 budget includes deep cuts into programs for the poor, sick, and elderly, including cancer research, Medicaid, food stamps, HIV/AIDS prevention, and disability payments. The budget also proposes substantial cuts to programs researching climate change, which the President has previously decried as a hoax perpetrated by the Chinese to hurt U.S. manufacturing.
One item that President Trump’s proposed budget does not cut is defense spending; the budget calls for increasing defense spending by over $50 billion. To put that number into context, the increase in defense spending would be nearly ten times the entire budget for the Environmental Protection Agency. Ironically, the Department of Defense has repeatedly issued reports and made statements that the effects of climate change may be the biggest security threat that the U.S. faces.
Despite all of the proposed spending cuts, deficit hawks predict that the President’s budget will actually grow the nation’s debt, assuming one uses a pesky thing called “math” to make calculations. The reason for this is because the self-proclaimed king of debt wants to cut large corporation’s taxes by roughly fifty-seven percent. In the eyes of the President’s budget team, a win for the little guy over the elite apparently means cutting Meals on Wheels so international conglomerates can save on their tax bills.
What do you think? Should the U.S. Cut Meals on Wheels So Multinational Corporations Can Save on Taxes?
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