It has been widely reported that President Trump’s budget which was released on May 23 devastates funding to assist the most vulnerable Americans. Trump’s $4.1 trillion spending plan includes $839 billion in cuts to federal funding that assists the poor, disabled, and elderly.
These cuts come on top of House Republican’s plans to remove 23 million Americans from insurance coverage that they receive through the Affordable Care Act. The Trump budget included $610 billion in Medicaid cuts over 10 years and an additional $250 billion in savings from repealing and replacing the ACA. Some of these savings come through the rollback of Medicaid expansion.
Gov. Chris Christie, a friend and supporter of Trump, said Monday that he hadn’t spoken with the president, but acknowledged he was worried about the possible cuts.
‘Does a proposed $800 billion cut to Medicaid concern me? Yes, it does,’ he told reporters at the Statehouse.”
New Jersey Policy Perspective has reported that capping Medicaid spending under the House Republican Affordable Health Care Act (AHCA) will cost New Jersey $30 billion in federal funding over 10 years.
“These Medicaid cuts will be especially devastating in New Jersey because of its higher cost of living and larger number of people in desperate need of health care,” said Ray Castro, NJPP’s director of health policy.
The 810,000 New Jerseyans who, as of February, rely on the Supplemental Nutrition Assistance Program (SNAP) may also suffer. The President’s budget requires that “able-bodied adults” without children work.
Repealing the Affordable Care Act would cost New Jersey 86,000 jobs in 2019 in health care and other industries, according to the Commonwealth Fund, a research and advocacy group that focuses on health policy.
“To spur economic growth, the Trump administration has proposed tax cuts primarily favoring wealthy Americans, including eliminating the tax on multi-million-dollar estates paid by just two of 1,000 taxpayers; lowering the top tax rate to 35 percent from 39.6 percent; ending the alternative minimum tax, which forced Trump to pay millions of dollars in additional taxes, according to his 2005 personal income tax return released by MSNBC; and shrinking the capital gains tax primarily paid by wealthier Americans.”
The July 26, 2017 Congressional Reception provides the opportunity for New Jerseyans to travel to Washington, DC to tell our congressional delegation “No Cuts to Housing.” And this message also applies to potential dangerous cuts to other safety net programs that New Jerseyans rely on.