The 10-year federal budget: A shrinking share for kids
As the Republican tax plan comes before Congress -- and the public -- America's children will draw the short straw, according to a report from the Urban Institute, a Washington, D.C.-based research group. Any analysis during this early phase of the tax code overhaul is tricky, and "projections [only] show where current law trends lead, absent changes in policy," said the report. But the institute's conclusions match up with many other analyses.
Social Security, Medicare, Medicaid and interest on the debt will devour about 90 percent of the expected $1.5 trillion increase in the federal budget over the next 10 years. In comparison, children's programs are projected to increase by only $20 billion, which may sound like a lot, but it represents only "one cent of every dollar of the projected increase in federal outlays," according to the institute.
If you take a closer look, it's even less because most of the "increase" is going to Medicaid spending on children, which results in a net decrease for other child services.