House budget strips trillions from everyday Americans, gives huge tax cuts to wealthiest
Posted July 19, 2017 in Press Releases
Congressional Republicans’ 2018 budget, released yesterday, would strip trillions of dollars from middle class and working families in favor of tax giveaways to the very wealthy and profitable corporations. The budget also creates a special fast-track process that would allow Republicans to force through their agenda without bipartisan support.
Underlying the budget proposal are assumptions of unrealistic economic growth that obscure the fact that proposed tax cuts would dramatically increase deficits and shift ballooning costs to states when revenues fall short of projections.
“Few Ohioans will benefit, but many will be hurt,” said Wendy Patton, Senior Project Director of Policy Matters Ohio. “This budget plan would shift massive costs to Ohio when we are already struggling to invest in education, public transit and other critical services Ohioans rely on.”
For Ohio, the budget plan could result in devastating cuts to programs that expand economic opportunity, including job training, education, and economic development in cities and rural communities. The budget would hit struggling Ohioans the hardest. It makes deep cuts to SNAP (formerly known as food stamps) which helps 1.5 million Ohioans afford groceries, and Medicaid, which provides health insurance to one in four Ohioans, or about 3 million people.
“For many Ohioans, the federal budget means the difference between hunger and nourishment, sickness and health, joblessness and employment,” Patton said. “The stakes are too high for Ohio’s members of Congress to support a plan that starves essential programs so the wealthiest can get wealthier.”