Slaughter Statement Ahead of Rules Committee Meeting on the Republican Budget
WASHINGTON, DC — Rules Committee Ranking Member Louise Slaughter (NY-25) issued the following statement on Republican’s Fiscal Year 2018 budget ahead of a committee meeting on the proposal this afternoon. The Republican plan is a vehicle for the Majority to enact a tax cut for the wealthy that increases the deficit by up to $1.5 trillion over the next ten years, funded by cutting $1.3 trillion from health programs including Medicaid, nearly $500 billion from Medicare, and $653 billion from programs like the Supplemental Nutrition Assistance Program (SNAP) and Supplemental Security Income over the next ten years. The Republican budget would also cut financial aid programs by $200 million over the next decade, making higher education less accessible and more expensive. Slaughter has co-sponsored several Democratic alternative budgets that make responsible investments in the programs families depend on.
“Budgets are about priorities and it’s pretty clear from this proposal that Congressional Republicans’ priorities lie with the wealthiest Americans. To fund a massive tax cut for the wealthy, this plan calls for slashing $1.3 trillion from health programs like Medicaid, nearly $500 billion from Medicare, and more than $650 billion from programs like school lunch and nutrition initiatives. It also cuts financial aid programs at a time when education costs are soaring and college is becoming out of reach for far too many of our students. If it wasn’t before, it’s clear now that after years of carrying on about spending and the deficit, Congressional Republicans’ concern was all just a charade. They are now pushing this plan that would increase our deficit by $1.5 trillion while furthering the false notion that these cuts will pay for themselves in economic growth. As Bruce Bartlett, a domestic policy advisor for President Reagan, recently made clear, ‘tax cuts don’t equal growth.’ This is an irresponsible budget that is about one thing: setting the stage for tax cuts for the wealthy. The middle class and poorest among us will be left to pay the price.”