- The Progressive Pulse - https://pulse.ncpolicywatch.org -

Senate tax bill would eliminate programs for farmers, crime victims, the elderly, and children

In this season of giving, the U.S Senate is rushing to pass a tax bill next week that would overwhelmingly benefit corporations and the richest households.

If passed, this tax plan would not only raise the tax load on millions of low- and middle-income families, it would also mean the elimination of vital programs [1] that help many Americans get by every day.  The reason: Math.

By increasing the U.S deficit by more than $1.5 trillion over the next ten years, Congress would have to reduce spending in fiscal year 2018 alone by a total of $136 billion due to spending rules. To put this in perspective, the Congressional Budget Office (CBO) has already estimated that this tax bill would result in $25 billion [2] in automatic cuts to Medicare in 2018.

Among the programs that could be eliminated entirely based on analysis [3] by the Center for American Progress are:

Luis A. Toledo is a Public Policy Analyst for the Budget & Tax Center, a project of the North Carolina Justice Center.