Democrats on the congressional Joint Economic Committee on Wednesday released a report calculating that taxpayer funding for President Donald Trump’s vanity projects has soared to more than $1.8 billion.
Renovations made to the White House—including the president’s luxury ballroom—are the biggest projected expenses, as the analysis cites reporting from The Washington Post last month to estimate that they will cost $927 million.
After the White House renovations, the second-most expensive Trump vanity project highlighted in the report is the estimated $400 million that will be required to provide security upgrades to the luxury jet the president received as a gift from the Qatari government.
The report finds that taxpayers will also be on the hook for $257 in renovations to the the John F. Kennedy Memorial Center for the Performing Arts, which the president has threatened to tear down unless he is allowed to slap his name on the side of the building.
The president’s “Triumphal Arch” monument is another big-ticket item, as the report calculates it will cost $100 million to construct. Trump’s infamously botched attempt to renovate the Lincoln Memorial Reflecting Pool, meanwhile, is set to cost taxpayers $16 million.
The Democrats on the JEC also released a Trump Vanity Calculator, an online tool that shows the opportunity costs of the president’s assorted projects.
Among other things, the calculator shows that the $1.8 billion spent on the projects would be enough to pay for more than 607 million school lunches, or 117,000 additional Head Start slots, or 246,000 Pell Grants.
Redirecting the spending on the Trump projects would also be enough to restore funding for Supplemental Nutrition Assistance Program (SNAP) benefits—which were cut as part of the Republican Party’s 2025 budget law—for over 429,000 families.
Sen. Maggie Hassan (D-NH), ranking member of the JEC, said the report shows that Trump “has wasted taxpayer dollars on projects that benefit himself instead of the American people.”
“Trump’s abuse of taxpayer dollars is especially egregious at a time when families are grappling with high costs for rent, groceries, childcare, and other necessities,” Hassan said. “President Trump admits that he doesn’t think about the financial situation of Americans, and the American people can see that; instead, he thinks about how he can use their money to build gold-plated monuments to himself.”
During the 2024 presidential campaign, Trump promised to cut Americans’ energy costs in half while keeping the country out of foreign wars.
In February, Trump launched an illegal war against Iran without any congressional authorization that has sent energy prices skyrocketing, including record-high prices for diesel fuel.
Through it all, Trump has continued touting his vanity projects, including the aforementioned ballroom and arch, even as polls show that the high cost of living is American voters’ biggest concern.
With the midterm elections just six weeks away, a survey released by CNN on Wednesday shows that just 24% of Americans say that Trump has the right priorities as president, while two-thirds say he has worsened economic conditions in the country.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.