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Re: No More Big Bird But 600 Billion Tax Cut 4 Rich

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Message 21 of 28

President Donald Trump's plan to cut billions of dollars in funding to medical and scientific research agencies will cost the country countless jobs, stall medical advances and threaten America's status as the world leader in science and medicine, advocates said Thursday.

 

"Cutting the funding in this way will have devastating and generation-long effects," said Dr. Clifford Hudis, CEO of the American Society of Clinical Oncology, which represents cancer specialists.

 

"[Medical research] is a fundamental driver of American economic strength and it is being compromised here," Hudis told NBC News. "It's a jobs program."

 

Multiple organizations expressed shock and disappointment at Trump's budget proposal, which adds $54 billion in defense spending but would slash nearly $6 billion from the National Institutes of Health, which funds most basic medical research in the country, as well as eliminate entirely dozens of other agencies and programs.

 

It would cut the overall Health and Human Services department budget by 18 percent, including the cuts to the NIH, and reassign money from the Centers for Disease Control and Prevention to states.

 

Most cancer drugs get their start in the basic research funded by the NIH and often done in NIH labs.

 

"The targeted therapies, the immunotherapies, the conventional chemotherapy drugs — all of these things have roots in the NIH," Hudis said.

 

One example of the discoveries the NIH and NIH-funded researchers make: Finding the cancer-killing properties of trees, or sea sponges, and developing them into compounds that are then licensed to pharmaceutical companies to develop. Companies rarely do such basic, risky research.

 

Source - http://www.nbcnews.com/health/health-news/trump-budget-cuts-scientific-medical-research-will-have-de...

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: No More Big Bird But 600 Billion Tax Cut 4 Rich

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Message 22 of 28

The GOP’s Plan Is Basically a $600 Billion Tax Cut for Rich Americans

Look beyond the bill’s quasi-mandate and tax credits, and the Obamacare replacement bill is a $600 billion tax cut, with the benefits going almost entirely to the wealthy.

 

To pay for its spending, Obamacare included several taxes on couples making more than $250,000, like a 3.8 percent surtax on investment income and a 0.9 percent surtax on wages.

 

Last year, those levies brought in about $27 billion, according to Wall Street Journal analysis of IRS data.

 

Repealing them would cost about $275 billion over the next decade; which is to say, it would transfer $275 billion from public-health spending to the richest 1 or 2 percent.

 

Other provisions, like repealing the limit of flexible spending accounts and expanding health savings accounts, will also disproportionately benefit the rich.

 

That’s not all. Many companies can deduct employee salaries as a business expense when they pay taxes.

 

Obamacare included a provision that prevented insurance companies from deducting more than $500,000 of their top executives' salaries, as a way of raising a little bit of revenue and discouraging ever-rising compensation for insurance executives.

 

But the Republican replacement law scraps that provision, so that large insurance companies like Cigna and Aetna, which pay their CEOs more than $15 million, would find new tax savings.

 

Republicans have railed against many problems with the new health care law. But nobody is complaining about cutting taxes, because cutting taxes is the fundamental objective of Republican economics.

 

This is not an explosively accusatory claim, but an objective description of policy. The recent and present leaders of the party—Donald Trump, Mitt Romney, Paul Ryan, Jeb Bush, and Marco Rubio—might have major disagreements over immigration, trade, Social Security, and Russia.

 

But each of them has proposed a tax cut that would disproportionately benefit the rich, with all five plans cutting taxes for the top 1 percent by at least $150,000 and decreasing overall revenue by at least $5 trillion in a decade.

 

The three legs of Republican fiscal policy—the Trump budget, the Obamacare replacement, and tax reform—are all wobbly. But the unifying policy of GOP economics remains so obvious, it raises the question: Why not just scrap “repeal-and-replace” and pass a big beautiful tax cut? In fact, I think that’s precisely what will happen.

 

The GOP is like a dysfunctional extended family whose patriarchs have nothing in common but DNA with one basic genetic instruction: to reduce the punishing burden of being a rich person in America.

 

Source - https://www.theatlantic.com/business/archive/2017/03/acha-tax-cut/518889/

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: No More Big Bird But 600 Billion Tax Cut 4 Rich

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Message 23 of 28
Trump's budget would eliminate funding for some small, independent agencies entirely, as well as zero out some federal programs:
• The 21st Century Community Learning Centers program, which supports before- and after-school programs and summer programs
• Advanced Research Projects Agency-Energy, which funds research including clean energy
• African Development Foundation
• Appalachian Regional Commission
• Chemical Safety Board
• Community Development Block Grant, which in part funds Meals on Wheels
• Community Development Financial Institutions Fund grants, under Treasury
• Community Services Block Grant, under HHS
• Corporation for National and Community Service
• Corporation for Public Broadcasting
• Delta Regional Authority
• Denali Commission
• Economic Development Administration
• Essential Air Service program
• Global Climate Change Initiative
• Great Lakes Restoration Initiative, Chesapeake Bay funding, and other regional programs under EPA.
• HOME Investment Partnerships Program, Choice Neighborhoods, and the Self-help Homeownership Opportunity Program, all under HUD
• Institute of Museum and Library Services
• Inter-American Foundation
• US Trade and Development Agency
• Legal Services Corporation
• Low Income Home Energy Assistance Program
• McGovern-Dole International Food for Education program
• Minority Business Development Agency, under Commerce
• National Endowment for the Arts
• National Endowment for the Humanities
• NASA's Office of Education
• Neighborhood Reinvestment Corporation
• Northern Border Regional Commission
• Overseas Private Investment Corporation
• State Energy Program
• Supporting Effective Instruction State Grants program, the second-largest program feds have used to influence local education
• TIGER transportation grants
• United States Institute of Peace
• United States Interagency Council on Homelessness
• Weatherization Assistance Program
• Woodrow Wilson International Center for Scholars
 
 
 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: No More Big Bird But 600 Billion Tax Cut 4 Rich

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Message 24 of 28

Trump Budget Cuts Two.pngSource - http://www.cnn.com/2017/03/16/politics/trump-budget-cuts/index.html

 

 

 

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: No More Big Bird But 600 Billion Tax Cut 4 Rich

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Message 25 of 28
Program cuts
• Eliminates the USDA Water and Wastewater loan and grant program, a reduction of $498 million
• Cuts $250 million by zeroing out National Oceanic and Atmospheric Administration grants and programs that support coastal and marine management, research and education
 
• Reduces or eliminates 20 programs within the Department of Education, including Striving Readers, Teacher Quality Partnership and Impact Aid support payments for federal property and international education programs
• Cuts FEMA state and local grant funding by $667 million, including the Pre-Disaster Mitigation Grant Program and Homeland Security Grant Program
• Eliminates funds for Section 4 Capacity Building for Community Development and Affordable Housing
• Ceases payments to the United Nations' climate change programs for the Green Climate Fund and precursor funds
 
• Scales back funding for the World Bank and other international development banks by $650 million over three years
• Cuts federal subsidies to Amtrak and eliminates support for Amtrak's long-distance services.
• Cuts funding to the Federal Transit Administration's Capital Investment Program so new projects will not be funded
• Shrinks the Treasury workforce by an unspecified amount
• Stops funding for the Clean Power Plan
 
 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: No More Big Bird But 600 Billion Tax Cut 4 Rich

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Message 26 of 28
Department cuts
• Health and Human Services, the department responsible for implementing Obamacare and its proposed repeal, would face a $12.6 billion cut -- a 16.2% decrease
• Environmental Protection Agency: $2.6 billion, or 31.4%
• State Department: $11 billion, or 28.7%
• Labor Department: $2.5 billion, or 20.7%
 
 
• Agriculture Department: $5 billion, or 20.7%
• US Army Corps of Engineers: $1 billion, a 16.3% cut
• Cuts National Institutes of Health spending by $5.8 billion, a nearly 20% cut. Also overhauls NIH to focus on "highest priority" efforts and eliminates the Fogarty International Center.
• Other double-digit cuts include Commerce at 15.7%; Education at 13.5%; Housing and Urban Development at 13.2%; Transportation at 12.7%, and Interior at 11.7%.
 
 
 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: No More Big Bird But 600 Billion Tax Cut 4 Rich

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Message 27 of 28

 

Trump Budget Cuts.png

 

Trump Budget Cuts One.png

 

 

 Source - http://www.cnn.com/2017/03/15/politics/trump-wiretapping-nunes-sessions/index.html

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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No More Big Bird But 600 Billion Tax Cut 4 Rich

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Message 28 of 28

1. So Trump wants to cut all Funding to PBS so kids can't watch Big Bird or Sesame Street but Give the Richest Americans 600 Billion in Tax Cuts

 

2. So Trump wants to cut all Federal Funding for Amtraks Long Distance Train Service but pump 2 Billion into Private and Charter Schools

 

3. So Trump wants to eliminate $434 million for a Labor Department program that aims to help poor senior citizens find jobs but put $314 million into border security and immigration enforcement.

 

4. So Trump would eliminate the Legal Services Corporation, which helps almost 2 million people a year. The agency helps poor people find lawyers to resolve housing cases and navigate bankruptcy, and helps victims of domestic violence get protective court orders. 

 

5. So Trump wants to eliminate federal money for an agency that improves water and sewer systems in impoverished corners of Appalachia. And if you live in a small city served by subsidized commercial airline service, you might have to drive farther to get to an airport. 

 

The budget would eliminate a Transportation Department program that provides $175 million in subsidized commercial air service to rural airports. The program serves more than 30 states.

 

6. So Trump would get rid of $11 million in what it calls "unproven" training grants doled out by the Occupational Safety and Health Administration, which regulates safety in the workplace. 

 

7. Federal funding for the Appalachian Regional Commission would be eliminated. The federal-state partnership was designed to build infrastructure and create economic opportunity across a region that runs from New York to Mississippi and includes some of the poorest pockets of the country. 

 

8. So Trump will cut A program that offers federal funding to low-income families for help with home energy bills would be eliminated. 

 

9. The budget could cut funding for Meals on Wheels, a program that provides meals for older, poor Americans. Meals on Wheels says about 3% of its funding comes from government grants. 

 

Sources

 

http://money.cnn.com/2017/03/16/news/economy/trump-budget-plan-americans/index.html

 

https://www.nytimes.com/2017/03/13/opinion/trading-health-care-for-the-poor-for-tax-cuts-for-the-ric...

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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