Statement from NYC Comptroller Lander on Congressional Budget Cuts

New York, NY — In the early hours of the morning, the House of Representatives passed a budget reconciliation bill by the thinnest of margins—a single vote—to deliver on the Trump Administration’s spending and tax cuts.

New York City Comptroller Brad Lander issued the following statement to highlight its impact on the daily lives of New Yorkers: 

“Donald Trump and House Republicans’ ‘big, beautiful’ budget will make working class New Yorkers sicker, hungrier, and more vulnerable. Slashing Medicaid, gutting SNAP, and nixing clean energy tax credits will hurt millions of Americans nationwide already struggling to make ends meet in a stagnant Trump-era economy.  

“The Trump Administration’s budget reflects his values clearly and cruelly: lavish giveaways and tax cuts for the ultra-wealthy in exchange for shuttering community hospitals, further burning up our planet’s future, endangering the lives and safety of our trans community members, and decimating essential programs, like Medicaid, for working-class people. 

“New York City must prepare for these cuts’ real and dangerous impact on millions of New Yorkers. As I called for before, the Adams Administration must add $1 billion the City’s general reserve fund to blunt the impact of these cuts and another approximately $1 billion against broader economic uncertainties. We must do everything we can now to safeguard our City’s fiscal health and stand up for our communities targeted by the Trump Administration’s callous and constant attacks.” 

Trump’s budget impacts: 

• New York State will lose over $3 billion in New York’s Medicaid funding. 

• 224,000 people will lose their Essential Plan coverage completely and over 500,000 will be forced onto state-funded Medicaid coverage, costing $10.3 billion due to the changes in ACA eligibility. 

• Hospitals will lose $1.3 billion in reduced compensation.   

• Over 1.5 million New Yorkers statewide, over 800,000 New York City residents, could become uninsured. 

• New York State will lose up to $1.8 billion in the SNAP funding. 

• Significant changes will be made to student loan forgiveness and repayment programs, shrinking options and increasing costs for students and colleges. 

• The rollback of clean energy tax credits will curb the development of wind, solar, and geothermal projects needed to combat climate change. 

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