Trump's budget proposal slashes spending by $3.6 trillion over 10 years
By Damian Paletta and Robert Costa May 22 at 9:00 PM
President Trump on Tuesday will propose cutting federal spending by $3.6 trillion over 10 years, a historic budget contraction that would severely ratchet back spending across dozens of programs and could completely reshape government assistance to the poor.
The White House’s $4.094 trillion budget request for fiscal 2018 calls for cuts that hit Medicaid, food assistance and other anti-poverty programs. It would cut funding for the Children’s Health Insurance Program (CHIP), which provides benefits to the poor, by roughly 20 percent next year.
All told, the budget would reduce spending on safety-net programs by more than $1 trillion over 10 years.
Details of the budget circulating in Washington on Monday drew outrage from Democrats and a mix of anxiety and praise from Republicans, illustrating the political minefield that policymakers face as they debate whether to turn the proposals into law.
Mick Mulvaney, director of the Office of Management and Budget, said the spending plan, titled “A New Foundation for American Greatness,” is focused on protecting taxpayer money and cutting spending on programs that are ineffective or encourage people not to work.
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https://www.washingtonpost.com/business/economy/trumps-budget-proposal-slashes-spending-by-36-trillion-over-10-years/2017/05/22/69dbdb5e-3f1c-11e7-adba-394ee67a7582_story.html
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