Trump 2020 budget projects big deficits despite spending cuts

Trump 2020 budget projects big deficits despite spending cuts

If a budget is a statement of values and priorities, President Donald Trump's proposal for fiscal year 2020 clearly displays his commitment to enriching the wealthy at the expense of ordinary Americans. While the administration will tout the formality as a big deal full of big cuts, the president's request will largely go ignored by Congress when they get to moving on the real federal funding action.

Set to be unveiled on Monday, the president's budget will call for a total of $2.7 trillion in cuts to safety net programs, environmental protection, food and housing assistance, and foreign aid over ten years, according toa summary reviewed by theWashington Post.

In Trump's annual budget request to Congress, he will request $5 billion in funding for the Department of Homeland Security to continue building sections of a wall along the Mexico border, said three people briefed on the request.

The spending plan calls for a cut of almost $1.5 trillion in Medicaid over 10 years and for $1.2 trillion to be added for a new "Market Based Health Care Grant" - that is, the block grants that would start in 2021.

Trump's new request for wall funding comes just weeks after he ended a record 35-day partial government shutdown, a dispute that centered on his request for $5.7 billion for wall construction money.

The administration will invest more than $80bn for veterans services, a almost 10% increase.

Mick Mulvaney, Trump's budget director and acting chief of staff, has previously slammed the OCO as a "slush fund".

The proposed wall funding comes after Trump on February 15 declared a "national emergency" at the border - an edict the White House says allows it to tap a total of $8.1 billion, including $1.38 billion Congress OK'd for border fencing, for a wall Congress explicitly denied him. Republicans and Democrats alike have been promising to "eliminate the deficit in 10 years" since the last time the federal government had a budget surplus in fiscal 2001. Trump's budget calls for $200 billion in new infrastructure spending, though White House officials say they are deliberately not offering many specifics on how the funding should be used and hope to work with Congress on that front.

The proposal will also include $1 billion for a child-care fund that would seek to improve access to care for underserved populations, a White House official confirmed.

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The administration would boost Veterans Affairs funding by $6.5 billion, or 7.5 percent, and says reducing veteran suicides would be a top priority.

The Senate this week could join the House of Representatives in revoking Trump's emergency declaration although Congress appears to lack the two-thirds majorities needed to override Trump's expected veto of the vote against the wall.

President Trump will send his 2020 budget to Congress Monday.

He's going to stay with his wall and he's going to stay with the border security theme.

The White House budget calls for a number of new programs to reduce Medicare spending, including by increasing audits of payments through Medicare Advantage, instituting new changes to reduce other forms of "fraud and abuse", and changing hospital reimbursement rates.

The request faces a steep uphill battle as Democrats, who oppose the wall as unnecessary and immoral, control the House, making the request's passage unlikely.

President Donald Trump will be seeking $8.6 billion in his new budget to build the U.S. -Mexico border wall, setting up another showdown with lawmakers who have resisted giving him more money for his signature campaign promise.

"The same thing will repeat itself if he tries this again", they said in a joint statement.

Larry Kudlow, the White House chief economic adviser, brushed aside budget deficit concerns on Sunday, arguing that markets are not overwhelmingly anxious about federal spending. He first promised Mexico would pay for it, but Mexico has refused to do so.

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