Economy

Budget Cuts Series 2021: Federal Employee Retirement Benefits

Smart Dissent's budget cuts series continues for the 2021 fiscal year budget as Trump seeks to inflict harm to everyone who doesn't bribe him.  Here's part four in an unending series in which individuals who give their lives in service of our country are treated like trash.

Trump has again proposed reducing the value of federal retirement benefits while requiring most federal employees to pay more toward those benefits.

Republican Rule Denying Non-Wealthy Immigrants Reinstated by Supreme Court

On Monday [January 27, 2020], the Supreme Court did something that’s become quite familiar in the Trump age: It reinstated a harsh new immigration policy that had been blocked by lower courts. This particular policy, known as the “public charge” rule, makes it easier for the United States to exclude lower-income immigrants.

Trump Administration Trying to Steal $2,600,000,000 From Disabled Americans

Of course Trump is targeting the disabled.  How many other things are they doing behind our backs?

Some Americans could lose Social Security Disability Insurance benefits under a recent Trump administration proposal ― a change that could affect thousands of people but that has received little attention since it was first floated in November. 

More than 8 million Americans receive disability benefits based on past employment and a loss of wage income due to the onset of a severe disability.

Federal Reserve Says Trump's Tariffs Led to Job Losses & Higher Prices

Trump and Republicans are harming us.  Trump's tariff strategy has led to manufacturing job losses and higher prices for consumers.  Who could have foreseen this?

Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices, according to a Federal Reserve study released this week.

Children in Greatest Need Are Least Likely to Benefit From Expanded Tax Credit Under Trump

Trump and Republicans only "expanded" the child tax credit for wealthy families. They left out 26 million children whose parents work hard but whose companies don’t pay them enough.

The 2017 tax bill, Trump’s main domestic achievement, doubled the maximum credit in the two-decade-old program and extended it to families earning as much as $400,000 a year (up from $110,000). The credit now costs the federal government $127 billion a year — far more than better-known programs like the earned-income tax credit ($65 billion) and food stamps ($60 billion).

Betsy DeVos Overruled Education Dept to Halt Student Loan Forgiveness

Betsy DeVos will go down in history as the worst Education Secretary to ever hold that office.

These borrowers — more than 200,000 of them — say some for-profit colleges lied to them about their job prospects and the transferability of credits. They argue they were defrauded and that the Education Department should erase their federal student loan debt under a rule called "borrower defense."

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