NC Budget and Tax Center

Two powerful graphs shed light on Trump’s deeply flawed budget

National organizations have responded to the recent release of President Trump’s 2020 budget by highlighting the harm, the flawed design of policies to address real issues and the wasteful spending that serve only to terrorize certain groups.

The analysis will continue to emerge in the coming days as more details are available but the reality is clear:  this budget proposal should be rejected for the harm it would do to families, communities and the economy.

A federal budget that cuts funding for education, health care, housing and environmental and workplace protections will hurt North Carolina. Nearly one-third of the public dollars in our state supporting programs and services in every community comes from the federal government. Here are two takes (and graphs) that you should be sure to read:

From the Center on Budget and Policy Priorities, “This budget proposal would cut non-defense discretion funding in fiscal year 2020 by $69 billion or 11 percent below the 2019 level after adjusting from inflation.”

From Institute on Taxation and Economic Policy, “The White House’s fiscal year 2020 budget proposal demonstrates that for some elected officials, deficits don’t matter when it comes to tax cuts but are a matter of urgent concern when it comes to programs and services that benefit ordinary people.”

 

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