'Shrink' government: Trump's budget reduces spending by $4.4 trillion, makes 2017 tax cuts permanent
Donald Trump,US House,Federal Spending,Tax Cuts,Foreign Aid,Federal Budget,Economy And Jobs
President Trump is proposing to balance the federal budget within 15 years, “shrink” the federal government and extend food stamp work requirements to Medicaid and housing programs in a $4.8 trillion spending plan being released Monday.
The plan would reduce spending by $4.4 trillion equally from discretionary and mandatory programs such as Medicare over the next decade.
The plan also includes $2 billion for the border wall, with officials saying the administration is approaching 80% of the money needed to finish the wall.
The president’s budget for fiscal 2021 would cut foreign aid by 21% and reduce the Environmental Protection Agency’s funding by 26% while targeting the Education Department for smaller cuts.
Among the agencies receiving spending increases would be the Department of Homeland Security (up 3%), the Defense Department (up 0.3% to $740.5 billion), NASA (up 12%) and the Department of Veterans Affairs (up 13%).
The Commerce Department budget would be cut by 37%. Officials largely attribute that reduction to completion of the census. The Department of Housing and Urban Development is slated for a cut of 15% in a proposal that includes $2.8 billion for homelessness assistance grants.
Spending for the Centers for Disease Control and Prevention would be cut 9%, and $4.3 billion would be targeted for battling infectious diseases.
Overall, nondefense spending would be cut 5% to $590 billion, below the level the White House and congressional Democrats agreed to in the current two-year budget deal.
Mr. Trump also proposes to make permanent the tax cuts of 2017.
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