The following is a statement from the Montana Budget and Policy Center in response to the release of President Trumps budget.
“President Trump’s budget makes the lives of every day Montanans harder in order to give large new tax breaks to the powerful and wealthy. It slashes nutrition, health care, job training, and other important assistance that helps hundreds of thousands of Montanans meet basic living standards like food on the table, a roof over their heads, and access to health care.”
“This budget stands in stark contrast to the commitments the President made during his campaign to help those left behind by today’s economy. It would also shift significant costs to Montana at a time when our state is already struggling to meet needs for higher education, senior and disability services, and infrastructure that Montanans rely on.”
For example, the President’s budget would:
At the same time, the President is proposing huge tax cuts largely for the wealthy and corporations that would likely cost several trillion dollars over the coming decade, if honestly measured. The budget relies on unrealistic economic assumptions, gimmicks, and “magic asterisks” to hide that the President’s tax cuts would dramatically increase deficits and debt.
“Montana’s delegation must not simply oppose the Trump budget. They must oppose cuts to assistance that helps Montanans achieve a basic living standard. They must oppose cuts to investments in long-run economic growth and basic public services. They must oppose cuts to Medicaid. And, they must oppose massive tax cuts to the nation's wealthiest.”
The Montana Budget and Policy Center (MBPC) is a nonprofit organization providing in-depth research and analysis on budget, tax, and economic issues. Our core focus is publishing credible, timely, and easy-to-understand reports on the fiscal policies that most impact low and moderate income Montanans. Our research and analysis then informs public policy, the media and the broader public. To learn more about MBPC, visit our website www.mbadmin.jaunt.cloud.
MBPC is a nonprofit organization focused on providing credible and timely research and analysis on budget, tax, and economic issues that impact low- and moderate-income Montana families.