After Handing Rich $1.5 Trillion Tax Cut, Trump Considering Slashing Medicare and Social Security

OpEdNews Op Eds    

After Handing Rich $1.5 Trillion Tax Cut, Trump Considering Slashing Medicare and Social Security

By        (Page 1 of 2 pages)     (# of views)   2 comments
Author 90876
Message Common Dreams 
See original here

 

“Mr. Trump, you are not going to have a second term,” tweeted Sen. Bernie Sanders in response to the president’s reported plan

By Jake Johnson, staff writer

Donald Trump
Donald Trump
(Image by Flickr)
   Details   DMCA
 

After exploding the federal budget deficit with over a trillion dollars in tax cuts for the rich and massive corporations, President Donald Trump is reportedly consideringusing his possible second term in the White House to slash Medicare and Social Security — the final part of a two-step plan progressives have been warning about since before the GOP tax bill passed Congress in 2017.

 

The New York Timesreported this week that, with the budget deficit set to surpass $1 trillion in 2020 thanks in large part to Trump’s tax cuts and trade war, Republicans and right-wing groups are pressuring the president to take a sledge-hammer to Social Security and Medicare, widely popular programs Trump vowed not to touch during his 2016 campaign.

Sen. John Barrasso (R-Wyo.) told the Times that his party has discussed cutting Medicare and Social Security with Trump and said the president has expressed openness to the idea.

“We’ve brought it up with President Trump, who has talked about it being a second-term project,” said Barrasso.

Senator John Thune (R-S.D.), the number two Republican in the Senate, echoed Barrasso, saying it is “going to take presidential leadership to [cut Social Security and Medicare], and it’s going to take courage by the Congress to make some hard votes. We can’t keep kicking the can down the road.”

By        (Page 2 of 2 pages) Become a premium member to see this article and all articles as one long page.     (# of views)   2 comments
Author 90876
Message Common Dreams 

All to pay for his … Horrific. https:// twitter.com/VanityFair/sta tus/1164582958881288192 “

VANITY FAIR✔ @VanityFair

Republicans want Trump to deal with the exploding deficit by gutting Medicare and Social Security, and the president is reportedly open to going for it in a second term http:// vntyfr.com/OmgT2GI

1:03 PM – Aug 22, 2019

 

“The Trump/GOP tax cuts for the wealthy will add over $1.5 trillion in debt,” said the National Committee to Preserve Social Security and Medicare. “Now we know how they’ll pay for those tax cuts, by cutting Social Security and Medicare.”

According to the Washington Post, Trump has already “instructed aides to prepare for sweeping budget cuts if he wins a second term in the White House.”

“Trump’s advisers say he will be better positioned to crack down on spending and shrink or eliminate certain agencies after next year, particularly if Republicans regain control of the House of Representatives,” the Post reported last month.

The president, despite his campaign promises, has included major cuts to Social Security and Medicare in his budget proposals — while predictably demanding massive increases in Pentagon spending.

In his budget blueprint for fiscal year 2020, as Common Dreams reported, Trump called for $845 billion in cuts to Medicare and $25 billion in cuts to Social Security.

Sen. Bernie Sanders (I-Vt.), a 2020 Democratic presidential candidate, tweeted Thursday his belief that Trump will not have a chance to carry out his “second-term project.”

“Mr. Trump, you are not going to have a second term,” said Sanders.

Our work is licensed under a Creative Commons Attribution-Share Alike 3.0 License. Feel free to republish and share widely.

For Tax Fairness@4TaxFairness

 

Must Read 1   
Rate It | View Ratings

Common Dreams Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

commondreams.org is a progressive publisher
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Support OpEdNews

OpEdNews depends upon can’t survive without your help.

If you value this article and the work of OpEdNews, please either Donate orPurchase a premium membership.

STAY IN THE KNOW
If you’ve enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
 Daily  Weekly     OpEdNews Newsletter
 Name
 Email
    (Opens new browser window)
Categories Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close