This week, the Trump administration released its proposed budget for funding the federal government in 2019. With extensive cuts to health care, schools, scientific research, and nutrition assistance, Americans across the country would suffer under this proposal. However, there are some clear winners who would benefit from the Trump budget, particularly, the fossil fuel industry.
After receiving billions in tax cuts at the end of last year, oil and gas companies can expect another year of record-breaking profits. While Exxon alone received $5.9 billion in tax breaks, companies that do oil exploration can expect an additional $190 billion in profits. And Wednesday, the second-largest coal company in the country, Arch Coal, announced the new tax plan would lower their tax rate to “effectively zero.” To pay for these giveaways, the Trump budget proposes cutting several programs that enforce pollution laws, fund clean energy innovation, and protect outdoor places. Trump’s cuts effectively subsidize oil, gas, and coal companies, severely hamper renewable energy growth, all while weakening protections for public health and the outdoors.
Showing posts with label Trump's budget. Show all posts
Showing posts with label Trump's budget. Show all posts
Sunday, February 18, 2018
Friday, February 16, 2018
John Norris: A bad budget for America’s place in the world
As President Donald Trump dreams of a military parade in the streets of the nation’s capital and dishes out enormous tax breaks to billionaires, he continues to hobble American diplomacy and international development to an unprecedented degree.
The budget released this week, while thin on details, calls for devastating cuts of more than 30 percent to diplomacy and development programs from the levels enacted in 2017. These cuts, if adopted, would leave America less equipped to tackle conflict, pandemic disease, and extremism before they reach the nation’s shores; ill-prepared to champion American exports overseas; and more likely to end up in military conflict. It will also cause untold suffering for millions of people—particularly the most vulnerable women and children across the developing world.
The budget released this week, while thin on details, calls for devastating cuts of more than 30 percent to diplomacy and development programs from the levels enacted in 2017. These cuts, if adopted, would leave America less equipped to tackle conflict, pandemic disease, and extremism before they reach the nation’s shores; ill-prepared to champion American exports overseas; and more likely to end up in military conflict. It will also cause untold suffering for millions of people—particularly the most vulnerable women and children across the developing world.
Sunday, May 28, 2017
The Trump budget’s attack on people with disabilities
President Donald Trump’s hateful rhetoric about people with disabilities during the presidential campaign is no longer just words. Now his budget threatens to set disability rights and inclusion back 50 years or more by stripping away critical protections and slashing vital programs that ensure basic living standards for the 1 in 5 Americans with disabilities. Meanwhile, despite media reports to the contrary, his budget breaks one of his core campaign promises: not to cut Social Security.
Tuesday, May 23, 2017
The Trump budget will worsen climate change while hurting the most-affected families
Throughout his campaign, President Donald Trump referred to climate change as a “hoax.” And now, along with 180 members of Congress who question the legitimacy of climate change or humans’ contributions to it, he is undercutting progress toward limiting greenhouse gas emissions that contribute to warming our planet. At the same time, he is pursuing budget cuts that will make climate change even worse while hurting the families struggling most with its effects. Such cuts include eliminating the Low-Income Home Energy Assistance Program (LIHEAP), which helps seniors, people with disabilities, and families with children pay for their utility bills.
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