Maps comparing tax credits under the Affordable Care act and those in the plan House Republicans recently released across groups of incomes and ages. The biggest losers under the change would be older Americans with low incomes who live in high-cost areas. Those are the people who benefitedmost from Obamacare.
President Trump’s budget calls for sharply reducing funding for programs that shelter the poor and combat homelessness — with a notable exception: It leaves intact a type of federal housing subsidy that is paid directly to private landlords.One of those landlords is Trump himself, who earns millions of dollars each year as a part-owner of Starrett City, the nation’s largest subsidized housing complex. Trump’s 4 percent stake in the Brooklyn complex earned him at least $5 million between January of last year and April 15, according to his recent financial disclosure.
President Trump on Monday sent Congress a $4.4 trillion budget with steep cuts in domestic programs and entitlements, including Medicare, and large increases for the military, envisioning deficits totaling at least $7.1 trillion over the next decade. The blueprint, which has little to no chance of being enacted as written, amounts to a vision statement by Mr. Trump, whose plan discards longtime Republican orthodoxy about balancing the budget, instead embracing last year’s $1.5 trillion tax cut and new spending on a major infrastructure initiative.
U.S. Housing and Urban Development Secretary Ben Carson onWednesdaywill propose tripling the amount the poorest households are expected to pay for rent as well as encourage those receiving housing subsidies to work, according to the administration’s legislative proposal obtained by The Washington Post.
President Trump, spurred on by conservatives who want him to slash safety net programs, unveiled on Thursday a plan to overhaul the federal government that could have a profound effect on millions of poor and working-class Americans.
A new United Nations report is getting plenty of national media attention for predicting President Trump will exacerbate hardships for America's poor by weakening the nation's safety net. Among countries in the developed world, the report says, America already has the highest rates of youth poverty, infant mortality, incarceration, income inequality and obesity.
If Republicans succeed in their multi-front campaign to cut back on food stamps, the burden will fall heaviest on the working-class, rural white voters on whom President Trump has staked the future of their party.
One year on from Hurricane Harvey – and as the true scale of the mess left by Hurricane Florence
emerges in the Carolinas – the cleanup work in Houston still continues.
And workers still digging out from the mess are fearful that they may
not get paid.
The US Census Bureau just dropped its annual load of statistics on American poverty and income, and the data shows that 2017 was a good year for many Americans, and not-so-great for others. On the upside: 2.4 million more people snagged full-time
jobs, the median household income ticked up, and poverty rates dropped
slightly. The bottom 10 percent of US households — earning an average income of $14,219 — saw their incomes fall slightly compared to the previous year, adjusting for inflation.
Senate Majority Leader Mitch McConnell (R-KY) called on Congress to rein
in major government programs like Medicare, Medicaid and Social
Security in order to slow America’s spiraling national debt on Tuesday,
ignoring the fact the tax plan he recently passed has fueled further
growth in that number.