Trump's Budget Proposal Is Based On Some Pretty Optimistic Assumptions
- Author: Zachary Reyes May 24, 2017,
May 24, 2017, 11:34
Ryan isn't making any promises about passing the Trump budget, though.
"We are no longer going to measure compassion by the number of programs or the number of people on those programs, but the number of people we help get off of those programs", he said, arguing that it is actually compassionate to cut government spending on inefficient programs.
The Trump administration said the budget would give way to $2 trillion in savings from economic growth by projecting that tax cuts and changes to welfare programs will result in additional revenue.
"The focus is sustained 3 percent economic growth", said White House Budget Director Mick Mulvaney said during the unveiling of the president's budget.
"I think it's sad that the CBO assumes that we'll never grow more than 1.9 percent ever again out into infinity", he said.
Such cuts are being contemplated, of course, at a time when Trump is also promising huge reductions in taxes, mostly for upper-income individuals and corporations. (Maybe they aren't "colluding" after all.) But Trump's budget is such that it leaves this White House's credibility on a par with (or perhaps below) that of a Russian propaganda outfit.
Trump said that the core of his first Budget Blueprint is the rebuilding of nation's military without adding to the federal deficit.
"All POTUS budgets are", he tweeted.
"Reports about details of Trump budget lay to rest any belief that he's looking out for the people the economy has left behind", Bob Greenstein, the President of Center on Budget and Policy Priorities, a left-leaning research and policy institute, tweeted on Monday.
"The Fiscal Year 2018 budget released today by the White House disproportionately harms children". That legislation did not include many of Trump's top priorities, including funding for the border wall, which Democrats had vowed to fight.
McConnell also praised the plan for "building on the progress" made earlier this month is a 2017 spending plan that made down payments of Trump proposals to boost defense and border security. The president is also requesting a $54 billion increase for the Department of Defense and other national defense programs.
But the biggest changes in the proposed budget come in changes to the social safety net.
Donald Trump's budget that is expected to be unveiled on Tuesday will include $800 billion in cuts to Medicaid - a move that underscores the President's resolve to significantly downsize the federal program even as Republican lawmakers are clashing over the issue in Congress.
"If we implemented this budget, you'd have to retreat from the world or put a lot of people at risk", Graham told reporters.
He later said that he meant people who should not be on the program. We're not kicking anybody off of any program who really needs it.
"I don't need to take this much of your money and to bury it in the ground out in western Texas someplace for domestic security and national security reasons when we have domestic surpluses like we do", he added. "And we will do that".
Among those key promises was to dismantle the Environmental Protection Agency, and Trump's proposed budget attempts to do just that by slashing the agency's budget by 31 percent in 2018 to $5.65 billion.
Here's the deal. The administration says its new proposal will erase the budget deficit after 10 years.
Thus, of all the groups that would bear the burden of Trump's proposed budget, it seems children from low-income families will carry the greatest weight of all.