{"id":1372,"date":"2017-05-31T15:26:00","date_gmt":"2017-05-31T15:26:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2017\/05\/31\/toxic-trump-gop-budget-and-tax-plan-would-devastate-working-families-threaten-the-economy\/"},"modified":"2017-05-31T15:26:00","modified_gmt":"2017-05-31T15:26:00","slug":"toxic-trump-gop-budget-and-tax-plan-would-devastate-working-families-threaten-the-economy","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/toxic-trump-gop-budget-and-tax-plan-would-devastate-working-families-threaten-the-economy\/","title":{"rendered":"Toxic Trump-GOP Budget and \u2018Tax Plan\u2019 Would Devastate Working Families, Threaten The Economy"},"content":{"rendered":"<p><meta http-equiv=\"Content-Type\" content=\"text\/html; charset=Windows-1252\"><meta name=\"Generator\" content=\"Microsoft Word 15 (filtered medium)\"><!--[if !mso]>\n\n<style>v\\:* {behavior:url(#default#VML);}\no\\:* {behavior:url(#default#VML);}\nw\\:* 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div.BodyCxSpLast\n\t{mso-style-name:BodyCxSpLast;\n\tmso-style-link:\"Body Char\";\n\tmso-style-type:export-only;\n\tmso-margin-top-alt:auto;\n\tmargin-right:0in;\n\tmso-margin-bottom-alt:auto;\n\tmargin-left:0in;\n\tmso-add-space:auto;\n\tfont-size:12.0pt;\n\tfont-family:\"Times New Roman\",serif;\n\tcolor:#262626;}\nspan.BodyChar\n\t{mso-style-name:\"Body Char\";\n\tmso-style-link:Body;\n\tfont-family:\"Times New Roman\",serif;\n\tcolor:#262626;}\np.Title1, li.Title1, div.Title1\n\t{mso-style-name:Title1;\n\tmso-style-link:\"Title1 Char\";\n\tmso-margin-top-alt:auto;\n\tmargin-right:0in;\n\tmso-margin-bottom-alt:auto;\n\tmargin-left:0in;\n\tmso-add-space:auto;\n\tfont-size:12.0pt;\n\tfont-family:\"Times New Roman\",serif;\n\tfont-weight:bold;}\np.Title1CxSpFirst, li.Title1CxSpFirst, div.Title1CxSpFirst\n\t{mso-style-name:Title1CxSpFirst;\n\tmso-style-link:\"Title1 Char\";\n\tmso-style-type:export-only;\n\tmso-margin-top-alt:auto;\n\tmargin-right:0in;\n\tmso-margin-bottom-alt:auto;\n\tmargin-left:0in;\n\tmso-add-space:auto;\n\tfont-size:12.0pt;\n\tfont-family:\"Times New Roman\",serif;\n\tfont-weight:bold;}\np.Title1CxSpMiddle, li.Title1CxSpMiddle, div.Title1CxSpMiddle\n\t{mso-style-name:Title1CxSpMiddle;\n\tmso-style-link:\"Title1 Char\";\n\tmso-style-type:export-only;\n\tmso-margin-top-alt:auto;\n\tmargin-right:0in;\n\tmso-margin-bottom-alt:auto;\n\tmargin-left:0in;\n\tmso-add-space:auto;\n\tfont-size:12.0pt;\n\tfont-family:\"Times New Roman\",serif;\n\tfont-weight:bold;}\np.Title1CxSpLast, li.Title1CxSpLast, div.Title1CxSpLast\n\t{mso-style-name:Title1CxSpLast;\n\tmso-style-link:\"Title1 Char\";\n\tmso-style-type:export-only;\n\tmso-margin-top-alt:auto;\n\tmargin-right:0in;\n\tmso-margin-bottom-alt:auto;\n\tmargin-left:0in;\n\tmso-add-space:auto;\n\tfont-size:12.0pt;\n\tfont-family:\"Times New Roman\",serif;\n\tfont-weight:bold;}\nspan.Title1Char\n\t{mso-style-name:\"Title1 Char\";\n\tmso-style-link:Title1;\n\tfont-family:\"Times New Roman\",serif;\n\tfont-weight:bold;}\nspan.EmailStyle21\n\t{mso-style-type:personal-compose;\n\tfont-family:\"Arial\",sans-serif;\n\tcolor:windowtext;}\n.MsoChpDefault\n\t{mso-style-type:export-only;\n\tfont-family:\"Calibri\",sans-serif;}\n@page WordSection1\n\t{size:8.5in 11.0in;\n\tmargin:1.0in 1.0in 1.0in 1.0in;}\ndiv.WordSection1\n\t{page:WordSection1;}\n-->\n<\/style>\n<p><!--[if gte mso 9]><xml>\n<o:shapedefaults v:ext=\"edit\" spidmax=\"1026\" \/>\n<\/xml><![endif]--><!--[if gte mso 9]><xml>\n<o:shapelayout v:ext=\"edit\">\n<o:idmap v:ext=\"edit\" data=\"1\" \/>\n<\/o:shapelayout><\/xml><![endif]--><\/p>\n<div class=\"WordSection1\">\n<p align=\"center\" style=\"text-align:center\"><span arial=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p><b><span georgia=\"\" style=\"font-family:\">It&rsquo;s becoming crystal clear that Trump&rsquo;s new budget and tax breaks for the rich would sacrifice the economy on the altar of more tax cuts for millionaires and billionaires. We know three things about the GOP budget and tax plan:<\/span><\/b><span arial=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p><b><span georgia=\"\" style=\"font-size:14.0pt;font-family:\">They include horrific cuts to programs working Americans rely on:<\/span><\/b><span arial=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/nymag.com\/daily\/intelligencer\/2017\/05\/mick-mulvaney-tried-to-explain-math-error-in-trump-budget.html\">New York Magazine<\/a>: &ldquo;Included cuts to federal agencies and anti-poverty programs so draconian, multiple Republicans declared them dead on arrival.&rdquo;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\">&nbsp;<\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/www.cbsnews.com\/news\/trump-budget-home-values-effect-could-help-first-timers-buyers\/\">CBS News<\/a>: &ldquo;All but the wealthiest Americans will no longer be able to deduct the interest paid on a home loan.&rdquo;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\">&nbsp;<\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/www.politico.com\/story\/2017\/05\/30\/trump-economic-math-flaws-238948\">Politico<\/a>: &ldquo;Big gains in productivity can result from government investments in research, technology and education. The Trump budget moves in the opposite direction, slashing spending almost everywhere but on the military.&rdquo;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\">&nbsp;<\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p><b><span georgia=\"\" style=\"font-size:14.0pt;font-family:\">They will break Trump&rsquo;s promises to boost the economy and make the tax system more fair&hellip;<\/span><\/b><span arial=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/nymag.com\/daily\/intelligencer\/2017\/05\/mick-mulvaney-tried-to-explain-math-error-in-trump-budget.html\">New York Magazine<\/a>: Trump&rsquo;s budget &ldquo;pretended that Trump&rsquo;s infrastructure pledge did not exist, Social Security disability benefits aren&rsquo;t really Social Security, and the estate tax will still provide the government revenue even after it&rsquo;s abolished.&rdquo;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\">&nbsp;<\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/www.politico.com\/story\/2017\/05\/30\/trump-economic-math-flaws-238948\">William Hoagland<\/a>, Former GOP Budget Aide: &ldquo;Increasing productivity depends at least in my mind on a number of those programs in non-defense including education, science and technology that [the Trump budget] would cut.&rdquo;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\">&nbsp;<\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/www.npr.org\/2017\/05\/29\/530617258\/trump-hopes-to-lure-companies-back-to-the-u-s-with-lower-tax-rates\">Joseph Rosenberg<\/a>, Tax Policy Center: The Trump plan &ldquo;really does not address the fundamental problems of the corporate tax system and in some ways makes it much worse.&rdquo;<\/span><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p><span arial=\"\" style=\"font-size:10.0pt;font-family:\">&nbsp;<\/span><span arial=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p><b><span georgia=\"\" style=\"font-size:14.0pt;font-family:\">And there&rsquo;s a growing consensus that the budget and tax plans are completely divorced from reality.<\/span><\/b><span arial=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/nymag.com\/daily\/intelligencer\/2017\/05\/mick-mulvaney-tried-to-explain-math-error-in-trump-budget.html\">New York Magazine<\/a>: &ldquo;Baselessly assumed that Trump&rsquo;s enormous tax cut will pay for itself, by generating $2 trillion in new revenue through higher economic growth.&rdquo;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\">&nbsp;<\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/www.msnbc.com\/rachel-maddow-show\/trumps-boasts-tax-reform-dont-make-any-sense\">MSNBC<\/a>: &ldquo;Trump&rsquo;s boasts on tax reform don&rsquo;t make any sense.&rdquo;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\">&nbsp;<\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/www.politico.com\/story\/2017\/05\/30\/trump-economic-math-flaws-238948\">Politico<\/a>: &ldquo;The president is counting on tax cuts to help deliver a sustained boost in economic growth, but even conservative economists doubt the approach can counter long-term trends.&rdquo;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-size:10.0pt;font-family:\"><a href=\"http:\/\/thehill.com\/blogs\/blog-briefing-room\/news\/335270-boehner-tax-reform-is-just-a-bunch-of-happy-talk\">John Boehner<\/a>: &ldquo;The border adjustment tax is deader than a doornail. Tax reform is just a bunch of happy talk.&rdquo;<\/span><span calibri=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It&rsquo;s becoming crystal clear that Trump&rsquo;s new budget and tax breaks for the rich would sacrifice the economy on the altar of more tax cuts for millionaires and billionaires. We know three things about the GOP budget and tax plan: They include horrific cuts to programs working Americans rely on: New York Magazine: &ldquo;Included cuts <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","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-1372","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Toxic Trump-GOP Budget and \u2018Tax Plan\u2019 Would Devastate Working Families, Threaten The Economy - 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\/toxic-trump-gop-budget-and-tax-plan-would-devastate-working-families-threaten-the-economy\/\" \/>\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=\"2017-05-31T15:26:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/toxic-trump-gop-budget-and-tax-plan-would-devastate-working-families-threaten-the-economy\/\",\"url\":\"https:\/\/democrats.org\/news\/toxic-trump-gop-budget-and-tax-plan-would-devastate-working-families-threaten-the-economy\/\",\"name\":\"Toxic Trump-GOP Budget and \u2018Tax Plan\u2019 Would Devastate Working Families, Threaten The Economy - 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