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Trump budget plan will not cut Social Security, Medicare: Mnuchin [View all]
U.S. President Donald Trump's first budget proposal will spare big social welfare programs such as Social Security and Medicare from any cuts, Treasury Secretary Steven Mnuchin said in an interview broadcast on Sunday.
Mnuchin said Trump would use a major policy speech to a joint session of Congress on Tuesday night to preview some elements of his sweeping plans to cut taxes for the middle class, simplify the tax system and make American companies more globally competitive with lower rates and changes to encourage U.S. manufacturing.
Mnuchin said Trump would use a major policy speech to a joint session of Congress on Tuesday night to preview some elements of his sweeping plans to cut taxes for the middle class, simplify the tax system and make American companies more globally competitive with lower rates and changes to encourage U.S. manufacturing.
http://www.reuters.com/article/us-usa-trump-economy-idUSKBN1650LL
After hearing what Paul Ryan has said about Medicare and Social Security, I don't find Mnuchin's statement very reassuring. If he had said President Trump will veto any legislation that affects present and future Medicare or Social Security benefits I would feel a bit better.
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