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Trump’s Budget is Cruel to Kentucky

FRANKFORT, Ky. (May 24, 2017) – Today the Kentucky Democratic Party announced a unified stance against President Donald Trump’s proposed budget, which will slash crucial programs that provide Kentuckians with necessary health, nutrition and financial assistance. Trump’s plan makes massive cuts to Medicaid, college loans, public schools, middle and working class tax credits and more to fund a massive tax giveaway to the wealthy.
 

“This budget will increase hardship and homelessness in Kentucky, and will do nothing to help us have better jobs, education and health,” said Rep. Sannie Overly, chair of the Kentucky Democratic Party. “This is a cruel budget that helps a wealthy few while hurting working Kentuckians.”

A snapshot of the cuts

Trump’s budget proposes more than $600 billion in cuts to Medicaid over the next decade, potentially impacting all 1.4 million Kentuckians receiving Medicaid — 37 percent under the age of 18 and about 10 percent older than 65, according to the Kentucky Center for Economic Policy. There are more than 470,000 Kentuckians covered under Medicaid expansion.

The plan proposes $193 billion in cuts to SNAP, or food stamps, slashing funding for the program by 29 percent. There are more than 650,000 Kentuckians who depend on SNAP for nutritional assistance, and they receive only about $1.36 per meal. About 41 percent of those are children under the age of 18, and 25 percent are elderly or disabled.

The proposal will eliminate the Appalachian Regional Commission (ARC), which has been crucial for Eastern Kentucky’s infrastructure. The ARC has allocated hundreds of millions of dollars to Eastern Kentucky for roads, waterlines and other essential programs. Even Republican U.S. Rep. Hal Rogers has called Trump’s budget “draconian” and urged the preservation of the ARC.

Other cuts include $21.7 billion from Temporary Assistance for Needy Families, which helps more than 32,000 children in Kentucky; $40.4 billion cut from the Earned Income Tax Credit, which helps about 400,000 tax filers in Kentucky; a $5.8 billion cut to the Children’s Health Insurance Program, which along with Medicaid provides health insurance for more than 567,000 low-income children in Kentucky.

Helping the wealthy few

Trump’s budget lowers tax rates on the highest-earning businesses and individuals, including investors who earn more than $200,000 a year. Trump wants completely to eliminate the estate tax, which currently only applies to estates worth more than $5.5 million. Scrapping this tax would be a huge gift for his own children.

This budget should be rejected

Congressman John Yarmuth, the ranking member of the House Budget Committee, has issued a statement that says Trump’s budget does not reflect the values of the American people and should be rejected.

“It leaves no question of what this administration values: greater gains for millionaires, corporations and special interests, at the expense of American families…” said Rep. Yarmuth. “It savagely cuts health care and nutrition assistance for families with nowhere else to turn.”

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The Kentucky Democratic Party is comprised of more than 1.68 million registered Democrats who support issues that enhance the fair treatment of all Kentuckians. Visit www.kydemocrat.com for more information.