Trump administration sending Congress $4.1 trillion budget
11:52, May 24, 2017
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Defense spending would increase by $52 billion over the current year, including money earmarked for Trump's campaign promise of a wall along the Mexican border. He calls it "immoral".
But the budget has virtually no detail to prove it would deliver on Trump's promise for "massive" tax cuts.
The budget proposal also includes a steep cut to funding for worldwide organizations, without specifying which groups might lose their funding.
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.
"It's alarming to us", Manchin said of the budget, titled "A New Foundation for American Greatness", during a Tuesday conference call with reporters.
Trump's $4.1 trillion spending plan proposes to eliminate the deficit in a decade while protecting Social Security and Medicare.
The Trump administration budget proposal to be released Tuesday will have the deepest cuts to government programs in a generation, according to The Hill.
Budget experts, Democrats and Republicans challenged the economic assumptions of the White House and Budget Director Mick Mulvaney.
But even taking all benefits from the poor and the working class wouldn't make a budget balance, particularly if Social Security and Medicare aren't chopped.
In Florida, Rep. Carlos Curbelo criticized Trump's call to slice public broadcasting, environmental programs and safety nets for what he said were the "most needy Americans".
Another senior Republican lawmaker, Fred Upton of MI, questioned inclusion of money for Trump's border wall, remarking: "I thought Mexico was going to pay for the wall, why is this in our budget?"
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The budget does, however, seek steep cuts to retirement benefits for federal workers as part of US$63 billion in savings over 10 years for the Office of Personnel Management.
Dean noted that Trump's budget would reduce job training grants next year by more than $1 billion, and does not increase child care assistance, support many low-income families say they need to work.
The proposal got a chilly reception from congressional Republicans and Democrats, who insist they will have the final say as they struggle to complete a health care bill and rewrite the tax code.
At least one Cabinet-level official, Energy Secretary Rick Perry, said Monday he would work with Congress to ensure money for the 17 national laboratories and other projects.
He also describes the president's recommendations as a "message budget to the right wing of the party". The administration claims it will achieve this by adding new work requirements, but it would effectively require kicking many people off the program or dramatically cutting benefit amounts. "We're going to measure compassion and success by the number of people we help get off of those programs to get back in charge of their own lives. The cuts are draconian". Indeed, Trump has made many of his defenders look quite foolish with the unveiling of his first federal budget.
During the campaign, Trump attacked the weak economic growth of the Barack Obama years, and pledged that his economic program would boost growth from the lacklustre 2 per cent rates seen since recovery began in mid-2009.
Trump said his Budget blueprint for 2018 provides for one of the largest increases in defence spending without increasing the debt; and significantly increases the budget for immigration enforcement at the Department of Justice and the Department of Homeland Security.
US President Donald Trump is proposing to balance the federal budget within a decade by making sharp cuts to social safety net programs and less funding for global institutions and schemes.
The budget proposal, for the 2018 fiscal year that begins October 1, is one of the clearest windows yet into Mr. Trump's values and priorities.
"Based on what we know about this budget, the good news - the only good news - is that it was likely to be roundly rejected by members of both parties here in the Senate, just as the last budget was", Minority Leader Chuck Schumer (D., NY) said on the Senate floor. But the document says if Trump's initiatives are adopted the deficit will start declining and actually reach a small surplus of $16 billion in 2027.
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He lops a total of $1.7 trillion off that and similar programs, including food stamps, school lunches and Habitat for Humanity. The proposal is laced with cuts to domestic agencies, food stamps, Medicaid , highway funding and medical research.
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In his inaugural address Wednesday, South Korea's president said he would consider visiting Pyongyang under the right conditions. Terminal High Altitude Area Defense ( THAAD ), on his country's borders for which Trump has demanded South Korea pay $1 billion.
Schwartz, now a lawyer with Venable, noted that "unpatched vulnerabilities are a danger to all no matter whose hands they are in". Federal Trade Commission, which has previously sued companies for misrepresenting their data privacy measures.
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Erdogan welcomed Trump's election victory last November and said he hoped it would lead to "beneficial steps" in the Middle East. Asked if Turkey would continue to bomb the YPG in Syria if the group is armed by the US , Yıldırım was succinct.
North also argues that even with the tax, the big banks can still under-cut the smaller lenders, who have to pay more for money. The easiest way for them to do this would be to raise the variable rates on their mortgage offerings by around 0.15%-0.20%.
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