White House Announces Plan to Screw the Working Poor

Larry Kudlow speaks:

The White House’s top economic adviser said Thursday that he opposes the federal minimum wage, arguing that the decades-old law is a “terrible idea” that drives up costs for small businesses across the country…..Kudlow also said the White House will again try to cut Obamacare and substantially reduce federal spending.

Second things first: Kudlow says the White House wants to “substantially” cut federal spending without touching Social Security, Medicare, or (presumably) defense spending. Interest on the national debt is off limits too, of course. So what’s left? This isn’t worth a lot of work, so I just grabbed someone else’s pie chart of federal spending off the web. This happens to be for 2015, but nothing much has changed since then:

The dotted line covers everything that’s off limits, so if Kudlow wants to “substantially” cut federal spending he’s going to need huge, swinging reductions in the small piece of the pie that’s left over.

This is nothing new. We’ve seen it a hundred times from Republicans. The bottom line is that Kudlow wants to cut programs for the poor, since that’s just about the only thing left. What a surprise.

And now to take first things second: it’s also not a surprise that Kudlow wants to do away with the minimum wage. But smart Republicans keep telling me that this is because there are smarter ways to help the working poor, like EITC or wage subsidies. So I guess Kudlow must be in favor of those instead.

It’s funny, though. He didn’t mention any of them. Just an oversight on his part, I’m sure.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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