Trump Tax Cuts: Funding the Rich by Impoverishing the Poor
President-elect Trump’s proposed tax cuts, heavily favoring the wealthy, would be offset by cuts to social safety net programs like Medicaid and SNAP. Advisers are considering stricter work requirements and spending caps for these programs, potentially impacting millions of low-income Americans. This plan would exacerbate existing inequality, as the tax cuts would disproportionately benefit the richest 5%, while the cuts to social programs would harm the poorest. The proposed changes include increased Medicaid eligibility checks and limitations on SNAP benefits, risking the loss of healthcare and food assistance for many vulnerable families.
John Q. Hosedrinker