Quigley Statement on the Trump Budget
WASHINGTON – Today, U.S. Representative Mike Quigley (IL-05), who serves on the House Appropriations Committee as the Ranking Member of the Financial Services and General Government (FSGG) Subcommittee, released the following statement on the Trump Administration’s Fiscal Year 2018 budget proposal:
“Instead of fighting for families and putting the American people first the Trump Budget is comprised of cruel spending cuts that destroy job creation programs, weaken our national security efforts, and strip support and resources from the most vulnerable individuals in our society. While his budget invests in tax cuts for the wealthy, it is a very clear disinvestment in our future and the hardworking Americans that spur economic growth and strengthen our communities.
“No aspect of our society is safe from this brutal budget. Perhaps most noticeably, our health is attacked from every angle – from gutting critical clean air and water protections to cutting access to quality, affordable health care for millions, including the poorest among us. This devastating budget doesn’t just roll back Medicaid expansion; it cuts the entire program by fifty percent, resulting in lower funding levels than before the Affordable Care Act was signed into law. Factor in equally malicious cuts to food assistance, low-income support, and disability benefits, and it appears as if those struggling to get by and put food on the table are Trump’s biggest target.
“As the Ranking Democrat on the Financial Services and General Government Appropriations Subcommittee, I am deeply troubled by the severe cuts imposed on the IRS, which has already suffered nearly a billion dollars in funding cuts since 2010. By continually gutting the IRS, we are simply empowering tax cheats and confusing honest taxpayers. The Trump Budget also repeals the Dodd-Frank Act—the landmark financial regulatory reform bill passed to reduce systemic risk and stabilize our financial markets—and would impose drastic changes to the Consumer Financial Protection Bureau, which is tasked with combating predatory lending and fraud. This will reverse the crucial reforms put in place to increase safety, transparency, and accountability within our largest financial institutions.
“For someone concerned with making America great ‘again,’ the president is unwilling to make the investments necessary to advance our competiveness. At a time when the United States suffers from a D+ infrastructure rating, this budget slashes funding for vital transportation grants like TIGER and Core Capacity and even strips money from the Army Corps of Engineers.
“The Trump Budget also hinders the security of this country by prioritizing a wasteful border wall over agencies and programs we know keep Americans safe. By cutting the State Department by almost 30 percent, we are compromising our ability to conduct diplomacy in a world more complex and than ever.
“Rolling back progress and opportunity was not part of the campaign platform that now-President Trump ran on, but unfortunately, we have learned that his promises don’t amount to much.”