Press Release Health and Social Programs US

Trump’s 2021 Budget Would Increase Inequality and Undermine Working-Class Economic Security

February 10, 2020

Contact: Karen Conner, 202-293-5380, ext. 117Mail_Outline

The following statement was issued by Shawn Fremstad, Senior Policy Fellow at the Center for Economic and Policy Research (CEPR), regarding President Trump’s budget proposal for fiscal 2021:

“President Trump’s budget includes massive cuts to health and social programs that would hit the working class the hardest, extend his huge tax cuts for corporations and the wealthy, and boost military spending by more than the Pentagon’s request. 

“Once again, the President has broken his promise to not cut Social Security, Medicare, and Medicaid. Cuts to Medicaid and the Affordable Care Act (ACA) total $1 trillion over the next decade. The budget cuts the Social Security Administration’s disability programs — Social Security Disability Insurance and Supplemental Security Income — by $75 billion over the next ten years. 

“Most of the remaining cuts in the budget come from programs that provide assistance and services to poor and working-class people, the elderly, and the disabled. Cuts to the Supplemental Nutrition Assistance Program (SNAP) and Temporary Assistance for Needy Families (TANF) total over $200 billion. These and other cuts to economic security programs will mean more poverty, more economic insecurity, and more inequality.   

“Although this budget has no chance of being adopted by the current Congress, it provides a roadmap that the Trump administration will continue to use in its regulatory war on economic security programs. The budget proposal is also a reminder of the stark difference in visions that will be on the ballot in November.”

Support Cepr

If you value CEPR's work, support us by making a financial contribution.