Sam Johnson

A billionaire's think tank complains that Trump's budget doesn't cut Social Security and Medicare enough

A billionaire's think tank complains that Trump's budget doesn't cut Social Security and Medicare enough

President Trump’s budget landed with a thud this week on Capitol Hill, where even conservative Republicans pronounced it “dead on arrival” and quailed at its proposed sharp cuts to social welfare programs such as food stamps, Meals on Wheels and Medicaid.

Yet some conservatives found plenty to like in the document. Consider the reaction of the Committee for a Responsible Federal Budget, a Washington think tank heavily funded by hedge fund billionaire Pete Peterson.

“The President deserves credit for setting a fiscal goal and working to meet it,”...

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