{"id":1030033,"date":"2024-03-11T21:15:10","date_gmt":"2024-03-11T21:15:10","guid":{"rendered":"https:\/\/democrats.org\/?p=1030033"},"modified":"2024-05-10T20:08:49","modified_gmt":"2024-05-10T20:08:49","slug":"president-biden-releases-budget-to-lower-costs-for-working-families-trump-doubles-down-on-failed-maganomics-and-cuts-to-social-security-and-medicare","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/president-biden-releases-budget-to-lower-costs-for-working-families-trump-doubles-down-on-failed-maganomics-and-cuts-to-social-security-and-medicare\/","title":{"rendered":"President Biden Releases Budget to Lower Costs for Working Families, Trump Doubles Down on Failed MAGAnomics and Cuts to Social Security and Medicare"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

As President Biden releases his budget today, <\/em>DNC Rapid Response Director Alex Floyd released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cPresident Biden\u2019s budget is a clear commitment to growing our economy from the bottom up and the middle out \u2014 all while Donald Trump and his GOP allies are doubling down on the same failed MAGAnomics agenda to give tax handouts to the ultra-rich and threaten hard-earned benefits like Social Security and Medicare. Instead of trying to rig the economy for the wealthy and well-connected, President Biden\u2019s plan is focused on lowering costs for hardworking Americans, strengthening crucial programs for our seniors, and making sure that big corporations and the super-rich pay their fair share. While Trump is rooting for the market to crash and continues to push dangerous schemes to cut earned benefits for millions, President Biden is focused on putting working families first and giving every American a fair shot.\u201d<\/p>\n\n\n\n

President Biden\u2019s <\/strong>budget<\/strong><\/a> will invest in hardworking Americans and ensure everyone has a fair shot by:<\/strong><\/p>\n\n\n\n

Lowering costs for families<\/strong><\/a> by lowering the costs of child care, prescription drugs, health insurance, housing and utilities, college, and more. <\/p>\n\n\n\n

Investing in America<\/strong><\/a> <\/strong>by growing the economy from the middle out and bottom up by boosting manufacturing, creating good-paying clean jobs, increasing community safety, investing in small businesses, providing national paid leave, advancing cancer research, supporting veterans, and more. <\/p>\n\n\n\n

Reducing the deficit<\/strong> by $3 trillion<\/strong><\/a> <\/strong>by making ultra-rich and big corporations pay their fair share and cutting<\/a> wasteful spending on special interests \u2014 all while cutting taxes<\/a> for low- and middle-income families.<\/p>\n\n\n\n

Protecting and strengthening Medicare and Social Security<\/strong><\/a> by firmly opposing any cuts to these crucial programs and embracing necessary reforms so seniors and people with disabilities can access the benefits they\u2019ve earned and paid into their whole lives.<\/p>\n\n\n\n

Trump wants to bring back his disastrous MAGAnomics agenda that gave handouts to the ultra-wealthy and left America\u2019s working families behind, ballooned the deficit, and earned him the worst jobs record since Herbert Hoover\u2026 <\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cThe former president\u2019s closest economic advisers are plotting an aggressive new set of tax cuts to push on the campaign trail and from the Oval Office if he wins a second term. Trump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law <\/strong>\u2026 Trump\u2019s advisers, though, have discussed proposals to make deeper cuts to the overall corporate tax rate, potentially to as low as 15 percent, or to use the revenue from the proposed tariffs to pay a dividend to U.S. households. Further cutting corporate taxes \u2026 would primarily benefit large firms.\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cDonald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/strong><\/p>\n\n\n\n

Fortune<\/a>: \u201cTrump to leave office with the worst jobs record since Herbert Hoover\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cThe Offshoring of U.S. Jobs Increased on Trump\u2019s Watch\u201d<\/strong><\/p>\n\n\n\n

\u2026 AND Trump is actively rooting for the economy to crash for his political gain.<\/strong><\/p>\n\n\n\n

Daily Beast<\/a>: \u201cDonald Trump admitted Monday that he wants a severe economic downturn to happen during the next year, because it will help his odds of winning the presidential election.\u201d<\/strong><\/p>\n\n\n\n

President Biden is making good on his commitments to protect and strengthen Social Security and Medicare. Trump is promising to cut both programs if elected to a second term (like he tried to do every year in office).<\/strong><\/p>\n\n\n\n

Joe Kernen, CNBC<\/a>: \u201cHave you changed your outlook on how to handle entitlements, Social Security, Medicare, Medicaid?\u201d<\/p>\n\n\n\n

Trump: \u201cSo first of all, there is a lot you can do in terms of entitlements, in terms of cutting.\u201d<\/strong><\/p>\n\n\n\n

Mediaite<\/a>: \u201cDuring a Fox News town hall, President Donald Trump promised to cut entitlements like Medicare and Social Security if he were to win a second term.<\/strong> \u2026 \u2018But if you don\u2019t cut something in entitlements, you will never really deal with the debt,\u2019 town hall co-moderator Martha MacCallum interjected, alluding to social safety programs like Medicare, Medicaid, and Social Security. \u2018Oh, we\u2019ll be cutting,\u2019 Trump rushed to confirm.\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cHis avowed stance, however, is at odds with Trump\u2019s own record as president: Each of his White House budget proposals included cuts to Social Security and Medicare programs.\u201d<\/strong><\/p>\n\n\n\n

As President Biden works to lower health care costs and take on Big Pharma, Trump is doubling down on his yearslong attacks on health care access with the help of his MAGA minions in Congress.<\/strong><\/p>\n\n\n\n

Daily Beast<\/a>: \u201cTrump Revives Plan to Dismantle Obamacare if Elected in 2024\u201d<\/p>\n\n\n\n

Press Release, Office of Congressman Mike Johnson<\/a>: \u201cU.S. Rep. Mike Johnson joined 11 other freshman members of Congress in a letter published Tuesday by Fox News urging the U.S. Senate to act on repealing the Affordable Care Act.\u201d<\/p>\n\n\n\n

President Biden\u2019s budget reiterates the need for a bipartisan border agreement that secures our border \u2014 kind of like the one MAGA Republicans in Congress killed at Trump\u2019s command.<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cI think [Republicans] are making a terrible mistake if they vote for the bill.\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cRepublicans Against Border Enforcement\u201d<\/strong><\/p>\n\n\n\n

Rolling Stone<\/a>: \u201cBorder Patrol Supports \u2018Strong\u2019 Immigration Deal. Republicans Don\u2019t Care\u201d<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cThe border compromise would represent a dramatic change of immigration law on lines many Republicans have long supported.\u201d<\/strong><\/p>\n\n\n\n

Vox<\/a>: \u201cTrump made this clear when he reportedly urged Republicans in Congress to turn against the bipartisan Senate border security bill scheduled for a vote Wednesday so that he could keep the issue alive through the presidential election.<\/strong> His supporters have largely fallen in line.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

As President Biden releases his budget today, DNC Rapid Response Director Alex Floyd released the following statement:  \u201cPresident Biden\u2019s budget is a clear commitment to growing our economy from the bottom up and the middle out \u2014 all while Donald Trump and his GOP allies are doubling down on the same failed MAGAnomics agenda to […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1030033","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nPresident Biden Releases Budget to Lower Costs for Working Families, Trump Doubles Down on Failed MAGAnomics and Cuts to Social Security and Medicare - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/president-biden-releases-budget-to-lower-costs-for-working-families-trump-doubles-down-on-failed-maganomics-and-cuts-to-social-security-and-medicare\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-11T21:15:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-10T20:08:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/president-biden-releases-budget-to-lower-costs-for-working-families-trump-doubles-down-on-failed-maganomics-and-cuts-to-social-security-and-medicare\/\",\"url\":\"https:\/\/democrats.org\/news\/president-biden-releases-budget-to-lower-costs-for-working-families-trump-doubles-down-on-failed-maganomics-and-cuts-to-social-security-and-medicare\/\",\"name\":\"President Biden Releases Budget to Lower Costs for Working Families, Trump Doubles Down on Failed MAGAnomics and Cuts to Social Security and Medicare - 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