FRIENDSHIP HEIGHTS, MD – On Monday, President Trump sent Congress a record $4.75 trillion budget plan that calls for increased military spending, insufficient investments in our future, and sharp cuts to social safety net programs like Medicaid, Medicare, and SNAP for the 2020 fiscal year.
Presidential candidate John Delaney releases the following statement:
“Budgets are statements of priorities and the budget released by President Trump is yet another reminder to the American people that our current president lacks a moral compass. Stripping funding from core social safety net programs like Medicare and SNAP will deny the most vulnerable Americans, particularly kids, basic necessities and will have a detrimental effect on the health and prosperity of our nation.
“The president’s budget is both bad economics and cruel. The president is more interested in funding his campaign slogan than he is in investing in the next generation of Americans or helping those who are struggling. Democrats and Republicans must join together to push back. Great leaders from both parties have described America as a shining ‘city on a hill.’ Living up to that ideal demands that we have a commitment to each other, not look for ways to demagogue and demonize our neighbors.”
Last year, Delaney was named a Fiscal Hero by The Campaign to Fix the Debt. In his book, The Right Answer: How We Can Unify Our Divided Nation, Delaney lays out a plan for fiscal sustainability and smart investments in our future. He argues for raising revenues by raising the corporate tax rate from 21% to 25%, enacting comprehensive immigration reform, enacting the “Buffett Rule” and a surtax on incomes of over $500,000 a year so that the most fortunate pay more, and closing inefficient and unfair loopholes. Delaney also calls for allowing the government to negotiate drug prices and implementing a smart universal healthcare plan, substantially lowering health care costs, which is the most important driver of our long term fiscal health.