Published: Wed, May 24, 2017
Health Care | By Gwendolyn Kim

Trump administration sending Congress $4.1 trillion budget

Trump administration sending Congress $4.1 trillion budget

Republican Rep. Tom Cole of Oklahoma, a senior member of the budget and appropriations committees, said that the budget is a "useful debating document" that is full of proposals that would not pass in Congress. "They're really deep, deep cuts", said Republican Representative Hal Rogers, whose eastern Kentucky district relies heavily on federal aid.

State Republicans thought the focus on increased military spending was a positive step while decrying cuts to agricultural programs. "If you're on disability insurance and you're not supposed to be, you're not truly disabled, we need you to go back to work".

Meanwhile, some U.S. allies also "fell prey" to the new budget plan: while Egypt, Israel and Jordan will continue to enjoy Washington's generosity, Ukraine will see tremendous cuts in USA financial assistance.

The Committee for a Responsible Federal Budget's Goldwein calls that magical thinking. The administration, for example, projects an average growth rate of 3 per cent over the coming decade while the Federal Reserve and the Congressional Budget Office estimate the average growth rate will be less than 2 percent.

Trump said that the core of his first Budget Blueprint is the rebuilding of nation's military without adding to the federal deficit.

Haley said during a trip to Turkey that Trump "had to show some signs" of commitment to reducing the USA budget deficit and eliminating waste in federal spending.

With its proposed substantial cuts to anti-poverty and social safety net programs, the budget plan offers Americans a substantially different view on government as the President tries to make good on promises he made during the 2016 campaign. "But nearly every president's budget proposal that I know of is basically dead on arrival". The announcement surprised oil markets, and pulled down USA crude prices.

But their policy agenda has stalled as the White House grapples with the political fallout from allegations of Russian meddling in the 2016 USA election.

"This is, I think, the first time in a long time that an administration has written a budget through the eyes of the people who are actually paying the taxes", Mulvaney told reporters on Monday. "We are simply trying to get things back in order to where we can look at the folks who pay the taxes and say, 'Look, yeah, we want to do some climate science".

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President Donald Trump released his proposed budget Tuesday.

"This Budget's defining ambition is to unleash the dreams of the American people". President Trump's budget would cannibalize programs that help lower-income and middle-class families to give the richest Americans a huge tax cut and pay for a border wall that even Republicans oppose. The last president never proposed let alone tried to balance the budget.' Ryan sidestepped a question on whether the economic assumptions that allow the balance to budget were realistic, but praised the administration for embracing the goal of economic growth.

The president would reduce almost a third of funding for diplomacy and foreign aid including global health and food aid, peacekeeping and other forms of non-military foreign involvement.

Trump's budget increases spending in areas like defense and homeland security, and avoids cuts in areas like Medicare and, largely, Social Security, although it does propose reductions in social security disability insurance - a fact that didn't escape notice as it upends Trump's campaign pledge to protect Social Security.

Those so-called entitlement programs may not come out of Capitol Hill unscathed, however.

"Compassion needs to be on both sides of that equation", he said.

The health-care Bill passed by the House aims to gut the Obama administration's signature 2010 Affordable Care Act, known as Obamacare, that expanded insurance coverage and the government-run Medicaid programme. But it faces an uncertain future in the Senate, which is writing its own law.

Most government departments would see steep cuts, particularly the State Department and the Environmental Protection Agency.

Former Treasury Secretary Lawrence Summers called the oversight an "elementary double count" and "a logical error of the kind that would justify failing a student in an introductory economics course" in an op-ed in the Washington Post.

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