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Deficit soars after 1% tax giveaway, now Trump wants to gut poor kids' insurance

Wow, this wasn't completely predictable or anything!

Donald Trump is scheduled to appear before Congress today and request a package of $15 billion in spending cuts, $7 billion which will come from the Children’s Health Insurance Plan, or CHIP, the program that insures nearly 9 million of America’s children.

One government official claims the proposed cuts will come from “unobligated balances” and will not have an effect on the CHIP program. Minority Leader Charles Schumer isn’t buying it though:

“Let’s be honest about what this is: President Trump and Republicans in Congress are looking to tear apart the bipartisan [CHIP], hurting middle-class families and low-income children, to appease the most conservative special interests and feel better about blowing up the deficit to give the wealthiest few and biggest corporations huge tax breaks.”

Read more about the cuts, “Trump proposes $15 billion spending cuts, targets children's health program” posted by Reuters on May 7, 2018.

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