Trump administration sending Congress $4.1 trillion budget

Its proposal calls for significant cuts to social safety net programs and assumes more robust economic growth.

The Trump budget targets the disabled not just through Social Security Disability, Medicaid, and food stamp cuts.

Office of Management and Budget Director Mick Mulvaney in the Brady Press Briefing Room at the White House, Tuesday in Washington. These programs provide health insurance for millions of poor families.

"We're going to measure compassion and success by the number of people we help get off of those programs and get back in charge of their own lives", he said. The announcement surprised oil markets and briefly pulled down U.S. crude prices.

"We haven't decided yet on the best kind of wall", he said.

As the months of Mr. Trump's presidency roll on, even some of his fiercest supporters - like conservative pundit Ann Coulter - have grown skeptical that the president may not fulfill his campaign promise to build a wall between the USA and Mexico.

It calls on Congress to spend $4.1 trillion next year, a little more than what is being spent this year.

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Comey was leading a probe of alleged Russian meddling in the 2016 US election and possible ties to the Trump campaign.

Like every presidential budget proposal, Trump's first budget blueprint is expected to be dead on arrival in the House and Senate, with many members reluctant to approve deep cuts to Medicaid and foreign aid, among other programs.

The budget does feature a handful of domestic initiatives, including a six-week paid parental leave program championed by Trump's daughter Ivanka that would be designed and financed by the states through cuts to unemployment insurance. Those cuts go on top of the repeal of Obamacare's expansion of the program to 14 million people and amount to, by decade's end, an nearly 25 percent cut from present projections. According to news reports about the proposal, the changes give states more flexibility in requiring food stamp recipients to work and changing eligibility requirements. "There's a dignity to work, and there's a necessity to work".

The budget also claims to eliminate the federal deficit in a decade by accelerating annual economic growth from 1.6 per cent past year to 3 per cent by 2027 through tax reforms and spending cuts. "By 2027, when the budget reaches balance, publicly held debt will be reduced to less than 60 percent of GDP, the lowest level since 2010, when the economic policies of the last administration took effect". "We should be realistic about the projections we make and not use aggressive economic projections to try to wish our fiscal problems away". Does the Trump budget not include any economic feedback after all? Trump hasn't clarified how the tax cuts would result in more than a 100 percent revenue growth. Trump's administration defends its math despite some criticism. "They're saying they won't raise taxes".

Congressional Republicans generally favor cutting domestic spending to help pay for increases in defense and tax cuts. And they're not going to address our biggest programs: Social Security and Medicare. Scientists, the professional organizations that support them, and science advocacy groups will be working hard to make their voices heard during the budget process in an effort to preserve science funding.

Requesting a 10 per cent or Dollars 54 billion increase in defence budget, the maiden annual budget of the Trump administration which would be sent to the Congress later cuts into government safety-net programmes like students loans, disability benefit and food stumps.

(Copyright © 2015. All Rights Reserved.)
 
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