Republicans are once again taking the economy hostage to protect tax loopholes for corporations and wealthy. A new report shows just how devastating that can be to our economy. An analysis from the Senate Appropriations Committee shows that Congressional Republicans’ threats to harm the economy by letting automatic across-the-board budget cuts – called “sequestration” – go forward on March 1, 2013 would cause Wisconsin to lose enormous funding for education, public safety, healthcare and job training.
The report further proves that Republicans’ insistence on cutting Social Security, Medicaid, and Medicare benefits to pay for tax loopholes for corporations and the wealthiest 2 percent would directly harm working families.
These drastic cuts would slash nearly $17.76 million from Title I, the largest federal-funded education program in the United States, meaning schools would be left struggling to pay for teachers and tutors. Critical grants for public safety would be cut back by $859,502, leaving fire departments understaffed and working without necessary, critical equipment.
“Yet again, Republicans in Congress are threatening to throw the economy back into recession unless Democrats agree to benefit cuts to Social Security, Medicare, and Medicaid,” said Phil Neuenfeldt, President of the Wisconsin State AFL-CIO. “They are willing to allow deep across the board cuts that hurt working families to go into effect rather than close wasteful tax loopholes and demand corporations and the richest 2% pay their fair share. We need to invest in our economy and our people by creating more jobs, not cutting them. Congress must stop protecting corporations and the richest 2% and cancel the sequester immediately.”
Additional state cuts: Wisconsin tables start on page 178 of report.
The report further proves that Republicans’ insistence on cutting Social Security, Medicaid, and Medicare benefits to pay for tax loopholes for corporations and the wealthiest 2 percent would directly harm working families.
These drastic cuts would slash nearly $17.76 million from Title I, the largest federal-funded education program in the United States, meaning schools would be left struggling to pay for teachers and tutors. Critical grants for public safety would be cut back by $859,502, leaving fire departments understaffed and working without necessary, critical equipment.
“Yet again, Republicans in Congress are threatening to throw the economy back into recession unless Democrats agree to benefit cuts to Social Security, Medicare, and Medicaid,” said Phil Neuenfeldt, President of the Wisconsin State AFL-CIO. “They are willing to allow deep across the board cuts that hurt working families to go into effect rather than close wasteful tax loopholes and demand corporations and the richest 2% pay their fair share. We need to invest in our economy and our people by creating more jobs, not cutting them. Congress must stop protecting corporations and the richest 2% and cancel the sequester immediately.”
Additional state cuts: Wisconsin tables start on page 178 of report.
|
|
FY 12 Funding |
FY 13 Sequester Cut |
Impact |
|
Head Start |
$105,517,607
|
$8,230,373 |
276 Head Start jobs lost and 1,324 fewer children served |
|
Public Health Emergency Preparedness Grants |
$11,727,640
|
$859,502 |
Reduced ability to respond to biological, radiological, chemical, and natural emergencies |
|
Low Income Home Energy Assistance Program |
$105,171,626 |
$9,587,923 |
Less funding to provide home heating and cooling assistance to low-income individuals and families |
|
Improving Teacher Quality State Grants |
$39,886, 313
|
$2,877,876 |
3,034 fewer teachers, serving 45,298 students, receive professional development |
The full report can be found at: http://www.harkin.senate.gov/documents/pdf/500ff3554f9ba.pdf
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