Weekly Wastebasket

Bush Tax Cut and Defense Request Spend Medicare Surplus

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June 26, 2001
Programs: Budget & Tax

Late Friday afternoon, the Bush administration announced that it will seek a fiscal 2002 defense budget authority increase of $18.4 billion above its February request. The attached House Budget Committee Democratic staff analysis shows how the Republicans’ recently enacted tax cut, in combination with the defense request and other policies in their budget resolution and elsewhere, would spend the Medicare Trust Fund surplus over the six years 2003-2008 by a total of $192 billion.

Bush Tax Cut and Defense Request Spend Medicare Surplus  (PDF)

Filed under: Stop Waste

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