President Donald Trump’s $4.1 trillion budget proposal for the 2018 fiscal year boosts spending for defense, veterans and homeland security with cuts to many other departments. His proposal would add 469 billion to defense spending over the next decade. Trump’s proposal includes 2.6 billion for border security including money for building a wall with the southern border with Mexico.
President Trump has promised American voters during the campaign that Mexico would pay for the wall, but Mexico said they would not and U.S. taxpayers would pay instead. Republican House members in favor of the $1.5 trillion tax package wanted the tax rate for most corporations to drop from 35 percent to 21 percent.
President Trump’s budget is slated to take money out of Medicare and the Children’s Health Insurance Program by $616 billion over the next decade. These are vital programs that provide health insurance for millions of poor families.
Starting next year, the new tax law will deliver big tax cuts to corporations and wealthy Americans. The Congressional Tax Law Budget Office says it could add $1.5 trillion to the national debt over the next decade. This writer finds support of such a tax policy to be completely without merit.
Harold Hopp, Mason City