Trump's budget cuts to slash trillions from anti-poverty funding

Here are six things to know about the new version of the White House budget, which members of the Trump Administration will take to Capitol Hill to promote this week.

Two Republican aides in Congress said the modest request is an acknowledgement from the White House that full funding is not realistic given opposition from Freedom Caucus conservatives in the House of Representatives as well as Democrats in the House and the Senate.

The budget is getting a low-key unveiling with the president traveling overseas.

"We can not continue to measure our compassion or success by the amount of money we spend", said Trump's Office of Management & Budget director Mick Mulvaney in a series of briefings for reporters Monday, a day before the official release of the 2018 budget.

"I do not think it's a bad thing, but savings will be really incremental", Tanner told The Daily Signal. "And here are some of the big-ticket items'".

President Trump's disastrous proposal would strip away health care from the 265,000 New Mexicans who gained coverage through the Medicaid expansion under the Affordable Care Act, and would jeopardize the health care of the more than 900,000 New Mexicans who are now enrolled in Medicaid.

But budget expert Robert Greenstein said it would be a mistake to write off Trump's budget as completely "dead on arrival" in Congress. "If you're on food stamps and you're able bodied we need you to go to work. It's not unreasonable to ask for a Social Security number".

"Once they've established the precedent that Congress can cut Medicaid whenever it wants, they're going to go back to that well on a regular basis", Peacock said.

"We expect this budget to be the most aggressive proposal by any modern president to shift large amounts of income and resources from low- and modest-income households struggling to get by, to those at the top", Mr Greenstein told reporters.

This category of spending accounts for the smallest part of the federal budget and covers everything from education, legal aid and national parks to government-funded research and diplomacy.

"I made the case for why those programs would need reform", said Mulvaney. "You will never balance the budget with 1.9 percent growth". "Just don't do it changing these programs'". It would not touch Social Security and Medicare, which President Trump promised to leave alone during his campaign.

The growth rate could be a very optimistic assumption for balancing the budget in 10 years, said Romina Boccia, deputy director of the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation. Fundamentally, however, Mulvaney says the budget is about growth. That's what this budget is part and parcel of.

A "deficit" means that a government's tax revenues exceed its expenses.

In addition, the Trump budget would require for the first time that states share in the cost of the Supplemental Nutrition Assistance Program, or food stamps, which serves about 420,000 people in CT. The proposal would make significant cuts to federal discretionary spending, including big cuts to Medicaid on the assumed repeal of Obamacare.

It discontinues student loan subsidies. They're going to increase defense spending.

"If I had sort of a subtitle for this budget, it would be the "Taxpayer First Budget", said White House budget chief Mick Mulvaney".

But then, who would benefit from this budget proposal? "It's not right, when you look at it through the perspective of the people who pay the taxes". Details are still forthcoming, but Republicans have long sought to downsize these programs, saying they are rife with fraud and stop low-income Americans from being self-sufficient.

The budget will call for billions of dollars of cuts to food stamps and disability insurance and an $800 billion reduction in spending on Medicaid. Food stamp spending increased by more than 30 percent over the presidency of Barack Obama, and was higher than it was at the beginning of the economic crisis of 2008.

Republicans controlling Congress have delayed action on their companion budget measure, waiting for Trump to go first.

Over $3.1 trillion in new debt over 10 years. Each of my 17-year-old triplets owes the federal government $60,000.

Mulvaney said the EITC and child credit would not be available to those without a Social Security number. "It does make the system healthier, it does not solve their long-term deficiencies".

  • Zachary Reyes