Trump's $4.1T Budget Relies on Deep Domestic Cuts


The Trump administration's first budget proposal runs the risk of alienating many of his core constituents, including in North Carolina, through proposed major cuts to Medicaid and other federal safety-net programs, economists and analysts said Tuesday.

Deemed dead on arrival by congressional Democrats, Trumps $4.1 trillion budget proposal for the new year that starts October 1 disheartened some Republican lawmakers, as well.

White House budget director Mick Mulvaney warned lawmakers on Wednesday that they may have to vote to increase the government's borrowing authority sooner than previously thought.

"I just think it's the prerogative of Congress to make those decisions in consultation with the president", Sen. "That said, I believe some of the cuts requested -particularly the drastic cuts aimed at the federal crop insurance program - are misguided and fail to address the biggest drivers of debt in our country".

"Basically dead on arrival", opined the Senate's No. 2 Republican, John Cornyn of Texas.

Mr Trump wants United States lawmakers to cut $US3.6 trillion ($4.8 trillion) in government spending over the next decade.

Mnuchin also urged the House Ways and Means Committee to pass the debt limit legislation as a bill without controversial additions, such as spending cuts sought by conservatives, that could complicate its approval.

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"We need people to go to work", White House budget director Mick Mulvaney told reporters Monday.

Economists traditionally have considered a jobless rate of 5 percent as full employment, meaning that everyone who wants a job has a job, employers have the skilled workers they need, and there is limited inflationary pressure on wages.

President Trump claims his proposals would balance the budget in 10 years.

The budget balancing depends on a sustained 3 percent economic growth rate, which many economists consider unrealistic.

"Trump could be assuming that his tax cuts will not only pay for themselves but generate $2 trillion in higher revenue".

Trump would keep campaign pledges to leave core Medicare and Social Security benefits for the elderly alone, but that would translate into even deeper cuts in programs for the poor such as Medicaid and food stamps.

An early review by Hoene's organization also noted the Trump administration proposes the elimination of emergency food and shelter programs that provide some $20 million in help to Californians each year.

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Food stamp cuts would drive millions from the program.

Some people in Southwest Florida are preparing for a food stamp fight.

"Trump's budget would cause disproportionate pain in the rural communities he promised to help - including those in Southern and Southwest Virginia and the Valley - by eliminating the Appalachian Regional Commission, the Economic Development Administration, and clean coal research that could help revitalize Southwest Virginia's economy", Kaine said in a prepared statement.

That Mulvaney's spin to sell draconian cuts to lifeline services for millions of vulnerable Americans in favor of "compassion" for wealthy taxpayers fell flat even with Republicans on the Hill is a sure sign that Trump's budget blueprint will largely be ignored by the GOP-controlled Congress.

The budget assumes that annual economic growth accelerates from 1.6 percent a year ago to 3 percent by 2021, and remains at that level for the rest of the decade. It would create three tax brackets - 10 percent, 25 percent and 35 percent - instead of the current seven.

The Trump plan would roll back Obama-era increases to a children's health program for lower-income families who don't qualify for Medicaid, take an axe to the Environmental Protection Agency and climate change programs, cut $95 billion from highway trust fund transfers to state highway departments, and curb payments to disabled veterans of retirement age who are eligible for Social Security. It would boost spending for defense, border security and law enforcement.

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