Tuesday, May 23, 2017

NYT: U.S. budget’s winners and losers

President Trump plans to unveil a $4.1 trillion budget today that would increase spending on the military and border security but cut deeply into programs for the poor.
The proposal includes huge tax cuts but does not change Social Security and Medicare. Here’s who would get what.
Our reporters say the plan is based on wishful thinking; it assumes an economic growth rate of 3 percent, when the post-recession average is 2 percent.
https://www.nytimes.com/2017/05/23/briefing/manchester-israel-north-carolina.html?