November 19 2017

Trump's $4T budget arrives on Capitol Hill

November 19 2017, 06:58 | Rex Rios

The Democrats are particularly focused on tax cuts that would benefit the wealthiest Americans. Sen. He calls it "immoral".

"Based on what we know about this budget, the good news - the only good news - is that it's likely to be roundly rejected by members of both parties here in the Senate - just as the last budget was", Schumer said. And the budget would save $72 billion through cuts to Social Security Disability Insurance. The main reason for that is the country's aging population - which is also driving the projected increases in spending for Social Security and Medicare. In an opinion article in the Washington Post he says the impact on low income Americans will be "dire".

The plan cuts nearly $US3.6 trillion from benefit programs and domestic agencies over the coming decade. "We do change a couple of the foreign military programmes from direct grants to loans", said Mulvaney.

The State Department and the Environmental Protection Agency would each see their budgets cut by about a third, while defense spending would increase by more than $50 billion, or 10 percent above 2017 levels.

"In these unsafe times, this public safety and national security budget blueprint is a message to the world - a message of American strength, security and resolve", Trump said.

Ryan isn't making any promises about passing the Trump budget, though.

"I would think that the health care bill is our best policy statement on Medicaid going forward", said Rep. Greg Walden, R-Ore., chairman of the House Energy and Commerce Committee, which has jurisdiction over the program.

Estimates for funding a full wall across the entire Southern border have ranged in the tens of billions of dollars. Trump's new budget assumes sustained growth above 3 percent, sharply higher than the expectations of most private economists.

Trump's budget, an outline of which was released Monday night, doubles down on some largely symbolic cuts that the administration rolled out earlier this year - and they didn't necessarily go over well the first time. One is that it believes the tax cuts will, in fact, be so salubrious for the economy that they'll more than pay for themselves.

The Trump administration has been dogged by controversy for the past few weeks, but now, even as the president is traveling overseas, his administration is proceeding with the business of government. Though these cuts are popular among Republican lawmakers, they affect programs that are actually more commonly used in Republican-leaning states than in Democratic ones, and that in many cases benefit white voters without college degrees - a demographic group that strongly supported President Donald Trump in the 2016 election. "We're going to get 3% growth and we're going to give you the opportunity to work", Mulvaney said.

-The Centers for Disease Control and Prevention: The agency, which fights everything from AIDS to Zika, would have its budget cut about 18 percent, to $6.3 billion.

The budget increases funding to address violent crime and reduces opioid abuse; and puts America first by keeping more of America's hard-earned tax dollars here at home, Trump said.

Trump's budget plan promises to balance the federal ledger by the end of a 10-year window, even while exempting Social Security and Medicare retirement benefits from cuts.

McCain has been a proponent of increasing defense spending to above $640 billion in order to renew the military and invest in modern capabilities.

He is also calling for $2.6 billion to be spent on border security.

President Donald Trump is sending Congress a $4.1 trillion spending plan that relies on faster economic growth and steep cuts in a range of support programs for low-income individuals to balance the government's books over the next decade.

The cuts are part of a budget blueprint for the upcoming fiscal year that begins October 1. Mulvaney said those changes would need to be made by lawmakers in the next farm bill legislation a year from now.

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