President Trump proposes a 2020 budget big on spending cuts

President Trump proposes a 2020 budget big on spending cuts

President Trump proposes a 2020 budget big on spending cuts

For the fiscal year 2020, President Donald Trump proposed slashing Medicaid by $1.5 trillion, Medicare by $845 billion and Social Security by $25 billion. "Taxpayers First", calling for significant cuts to both discretionary and mandatory spending in fiscal year 2020. Social Security makes up the largest portion at $1.05 trillion.

The committee estimates direct Medicare reductions at $515 billion.

Acting White House budget director Russell Vought said Monday that border security is "deteriorating by the day", and pointed a finger at Democrats for continuing to refuse the president's requests to fund the wall.

"These are programs that will continue to increase every year". While details in the budget document are sparse, it appears the administration wants to replace the existing state waiver process for testing changes with a new national program granting states unfettered flexibility to customize their Medicaid programs, accompanied by tight federal spending caps.

The president's proposal also includes work requirements for Medicaid recipients, and it would convert Medicaid to a state-administered program supported by federal block grants. The Trump administration wants to eliminate that differential. The Republican lawmaker cited a report from the Congressional Budget Office that the public debt is expected to reach 78 percent of gross domestic product this year.

"We've got to make some tough choices and these tough choices are going to step on some toes". Nevertheless, he also suggests that there will be steep cuts in environmental production as well as education. The committee estimates only 11 percent of the proposed Medicare cuts come from Medicare Part D reforms.

One of the cuts proposed in the upcoming budget may fly under the radar, but the severe cut of funding for the Great Lakes will not escape the attention of inhabitants there. He called the proposal "malicious". When it comes to military spending, there is a 5 percent increase in the overall budget for the U.S. military. About $718 billion of that would go to the Defense Department. Nevertheless, the budget also includes an additional $8.6 billion to construct walls right along the Mexican border. Trading Medicare and Medicaid for tax breaks, how that's going to help anybody in this room, or most of the people you live with? "But I do appreciate the president's signaling that he wants to actually balance the budget".

House Democrats are working on their own budget proposal that would be a blueprint for setting spending levels.

"These cuts in the Trump budget aren't a tightening of the belt".

"Over the next 10 years, we are confident that the economic policies of this administration ... will more than pay for the costs of the tax cuts", said Vought.

According to Rep. Chip Roy (R-Texas), the growth rates in the administration's budget are reasonable.

Neal, who has pledged to use his position has House Ways and Means chairman to protect Medicare, the federal health insurance program largely for people ages 65 and over, added that reaffirmed his commitment to "defending Americans' access to health care".

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