Robert Greenstein

Trump’s Budget Betrays Millions Who Trusted Him by Adding Desperation to Their Lives

President Trump’s new budget should lay to rest any belief that he’s looking out for the millions of people the economy has left behind. 

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Low-income Families Hurt by Tax Cut

The tax bill that President Bush signed May 28 dropped a child tax credit provision included in the Senate version of the bill that would have assisted close to 12 million children in low-income working families, many of whom receive no benefit from the final legislation. A front page story in the New York Times on May 29 highlighted the absence of this provision.[1] In explaining why this provision was dropped, a spokeswoman for the House Ways and Means Committee told the New York Times that the provision was in the bill when the cost of the package was tentatively set at $380 billion but was one of the provisions that had to be dropped to reduce the bill's cost to $350 billion. Since the cost of the dropped provision was only $3.5 billion, it appears this decision was not necessary. It would not have been difficult to provide room for the provision in the bill.

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