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Report: Poor Americans Would Suffer Most Under Trump Budget

Children and seniors are the groups most often affected by cuts to programs such as SNAP. (Pexels)
Children and seniors are the groups most often affected by cuts to programs such as SNAP. (Pexels)
August 1, 2017

TALLAHASSEE, Fla. – The Trump administration's tax proposals would not benefit all taxpayers or states equally, according to new analysis from the Institute on Taxation and Economic Policy.

Matt Gardner, a senior fellow at the institute, says the richest one percent of taxpayers would receive more than 60 percent of the tax benefits. He adds that poorer states, largely in the South and Southeast, would get a portion of the tax cuts lower than their share of the U.S. population.

"Richer states tend to do better, poorer states tend to do worse - in a way that mirrors what's happening nationwide, with richer Americans getting the lion's share of the benefits and poorer Americans being comparatively left out in the cold," he explains.

Proponents of Trump's proposal say all Americans will see their taxes reduced, and claim the move will boost revenues by stimulating economic growth. Gardner disagrees and notes the nation's top earners will get an average of $145,000 in tax breaks, compared with just $130 for the bottom 20 percent of earners.

Gardner adds there's no evidence to support the supply-side argument that tax cuts can pay for themselves. He says the tradeoff on nearly $5 trillion in lost revenues would likely be cuts in health care, education and food-assistance programs.

"Under any realistic view of the economic consequences of this plan, we're going to see larger budget deficits," he says. "First on the chopping block would be federal aid to low-income Americans."

The White House also has proposed cutting SNAP benefits, the program formerly known as food stamps, by 25 percent over the next decade.

Orgul Ozturk is an economics professor at the University of South Carolina. She says in the wake of the last recession, and the continued drop in real wages, SNAP has become a lifeline for the nation's working poor.

"There's this new group of SNAP recipients - not the elderly, not the children - but working poor, who just can't make enough," she says. "Even though they are working, they cannot earn enough to be over the poverty threshold."

She says nearly 70 percent of SNAP recipients are children, seniors and people with disabilities, and more than 20 percent work full-time, are caretakers or are enrolled in training programs.

Veronica Carter, Public News Service - FL