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This week, President Trump released his budget proposal for Fiscal Year 2018 to well-deserved backlash. This budget—based on bad math and accounting tricks—recklessly cuts $3.6 trillion from critical investments that create jobs and provide needed resources for working families. It abandons the poor while providing tax breaks to the wealthy, slashes funding for investment in clean energy innovation and jobs of the future, and cuts cancer research and public health programs. Here are just some of the stories that outline this reckless and cruel budget proposal:

Joint Economic Committee Democrats released a report this week on the importance of investing in clean energy.

Joint Economic Committee Democrats will release a report later this week on the costs of corruption for the U.S. economy. Beyond enriching the corrupt, evidence from around the world shows that corruption poses real and significant economy-wide costs.

President Trump’s plan to rely on public-private partnerships (P3) to meet much of the nation’s infrastructure needs took a hit last week when the Texas House rejected legislation that would have allowed P3s to participate in 18 highway projects in the state. Opposition to new tolls reportedly led to the bill’s defeat.

Congressional Republicans seem to have already forgotten the wreckage left in the wake of the financial bubble of the late 2000s. During the 2008 financial crisis and related recession, 8.7 million Americans lost their jobs, 3.8 million homes were foreclosed on, and households lost $17 trillion in wealth. As a result of Wall Street’s actions, the U.S. economy lost an estimated $7.6 trillion in goods and services from 2008 to 2018—lost output that Americans are still feeling today.

TrumpCare’s funding for high-risk pools falls short by at least $200 billion over 10 years (a conservative estimate, assuming very small pools).

U.S. Treasury Secretary Steven Mnunchin recently claimed long-term economic growth will pay for the cost of President Trump’s proposed tax reform plan. This claim relies on using so-called “dynamic scoring,” a tactic long exploited by Republicans to justify not paying for immense tax cuts. However, dynamic scoring methodologies can lead to wildly different estimates that often underestimate how much these tax cuts increase the budget deficit.

Republicans are trying to revive a health care bill that would be a disaster for seniors, children, and millions of hard-working American families. What’s worse — the latest version of TrumpCare would take away protections from millions across the country with pre-existing conditions.

Republicans aren’t waiting for the nonpartisan Congressional Budget Office (CBO) to tell the American people how TrumpCare is a disaster, but instead appear to be pushing ahead without a score. Without a CBO score, Americans won’t know just how bad TrumpCare could be for them.

Matt Fiedler of the Brookings Institution writes that the new AHCA amendment could “seriously jeopardize both financial security and access to care for people with serious illnesses.”

Joint Economic Committee Democrats

May 24 2017

Trump Budget Fails Children and Working Families

May 22 2017

Clean Energy Yields a High Return on Investment, Creates Jobs

May 15 2017

Median Weekly Earnings Vary Widely Across Asian American and Pacific Islander Groups

May 12 2017

Medium Post: Texas Says No to P3s, Rejecting Centerpiece of Trump Infrastructure “Plan”

May 12 2017

The Financial CHOICE Act: The Wrong Choice for America

May 08 2017

How Many Americans Have Pre-Existing Health Conditions?

May 05 2017

Dynamic Scoring Threatens Budget Deficits and Working Americans

May 02 2017

Experts and Stakeholders Agree: Latest Version of TrumpCare Is a Disaster

May 01 2017

Medium Post: Seven Questions Americans Need Answered on TrumpCare

May 01 2017

Corporate Profits Are Up, But Corporate Income Tax Revenue is Down