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Trump administration sending Congress $4.1 trillion budget

For fiscal year 2018, which starts from October 1, the budget plan would shift $54 billion from non-defence discretionary spending to defence by enacting major cuts to the State Department, the Environmental Protection Agency, the Education Department and other agencies.

The proposal in its current form is unlikely to be approved by lawmakers as they craft their own tax and spending plans, but the document sets out Trump's budget priorities and lays down a marker with Congress.

Trump's plan has not come as a bolt from the blue: back in February 2017 the USA president proposed to boost defense and security spending by $54 billion and "cut roughly the same amount from non-defense programs", CNN wrote. It would reduce spending on programs like food stamps (or SNAP), Social Security disability insurance benefits, additional income for poor seniors, disabled adults and children (SSI), and public assistance for needy families (TANF).

The first look at the plan came in a "skinny budget" released in March which received a tepid response from Congress. "We go another half a step further and ratchet down some of the growth rates that are assumed in the AHCA", Mulvaney said.

The latest 2018 federal budget circulating Washington calls for a $3.6 trillion slash in government spending over the next decade, including $38 billion less for farm supports that includes new limits on crop insurance premiums and caps for commodity payments.

The Trump administration says it can balance the federal budget within a decade.

Nondefense spending as a share of the economy would fall to just 1.5% by the end of the next decade, well below the lowest level in records going back to 1962.

President Trump is submitting a budget that balances in ten years, making numerous tough choices to get the nation's finances back on track without touching Social Security or making changes to Medicare beyond rooting out fraud.




"I'm not going to cut Social Security like every other Republican, and I'm not going to cut Medicare or Medicaid", Trump said in May 2015.

Deborah Weinstein, executive director of the Coalition on Human Needs, an advocacy group representing more than 100 anti-poverty organizations, called on lawmakers to "reject the bleak and unsafe vision in President Trump's budget".

The CBO projects US economic growth will average almost 1.9 percent over the next decade.

A DHS memo shared with a Senate committee last month said the agency would be able to build 34 miles (55 km) of a levee wall in Texas's Rio Grande Valley and replace 14 miles (23 km) of fence in San Diego with $1 billion.

"The administration has said that economic growth will pay for their tax cut, and now in this budget, economic growth will pay to lower the deficit, and you can't have both", Furman says. It invests money in infrastructure, and it proposes a modern paid parental leave program. The program would also phase in a work requirement, according to Mulvaney, so people without dependents would have to be employed to qualify.

ASSUMPTIONS - Trump's promise to balance the federal budget in a decade rests on a sustained rise to 3 percent annual economic growth and a vague "feedback" effect that lowers the annual deficit by hundreds of billions of dollars.

Trump's budget itself may never become law, but the individual ideas about slashing the social safety net have been widely championed by House and Senate Republicans.

The budget does, however, seek steep cuts to retirement benefits for federal workers as part of $63 billion in savings over 10 years for the Office of Personnel Management.

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