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Defying the Odds

Defying the Odds
New book about the 2016 election.

Tuesday, February 11, 2020

Trump Budget: A Gift to Democrats

In Defying the Odds, we discuss the tax and economics issue in the 2016 campaign.  The 2019 update includes a chapter on the 2018 midterms. and explains why the Trump tax cut backfired on Republicans.

Jeff Stein and Erica Werner at WP:
The White House on Monday proposed a $4.8 trillion election-year budget that would slash major domestic and safety net programs, setting up a stark contrast with President Trump’s rivals as voting gets under way in the Democratic presidential primary.

The budget would cut Medicaid and the Children’s Health Insurance Program and also wring savings from Medicare despite Trump’s repeated promises to safeguard Medicare and Social Security.

It takes aim at domestic spending with cuts that are sure to be rejected by Congress, including slashing the Environmental Protection Agency budget by 26.5 percent over the next year, and cutting the budget of the Health and Human Services department by 9 percent. HHS includes the National Institutes of Health and the Centers for Disease Control and Prevention, which will see a budget cut even as the coronavirus spreads -- although officials said funding aimed at combating the coronavirus would be protected.
Bloomberg was quick on the draw: