the oneBlog about politics
Donald Trump's proposed budget increases military spending while making cuts to Medicare subscription pricing. He is also including funding for the border wall. It is expected that Congress will punt on taking action until after the 2020 elections.
Here are some of the budget proposal highlights as reported by The Wall Street Journal:
The plan would increase military spending 0.3%, to $740.5 billion for fiscal year 2021, which begins Oct. 1, according to a senior administration official. The proposal would lower nondefense spending by 5%, to $590 billion, below the level Congress and the president agreed to in a two-year budget deal last summer.
...NASA would see a 12% increase next year under Mr. Trump’s proposal as he seeks to fulfill his goal of returning astronauts to the moon by 2024. On the other hand, the Environmental Protection Agency’s spending would be slashed by 26%.
The plan would request $2 billion in new funding for construction of the wall on the southern U.S. border, the senior administration official said—Mr. Trump’s signature 2016 campaign promise that sparked fights with Democrats, leading the president to trigger a historic five-week government shutdown last winter after lawmakers refused to fund the project. The latest $2 billion request is less than the $5 billion the administration sought last year.
The White House proposes to cut spending by $4.4 trillion over a decade. Of that, it targets $2 trillion in savings from mandatory spending programs, including $130 billion from changes to Medicare prescription-drug pricing, $292 billion from safety-net cuts—such as work requirements for Medicaid and food stamps—and $70 billion from tightening eligibility access to disability benefits.
Read: Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts | The Wall Street Journal
Exploring the world of politics. We gather political news from across the internet, looking for legitimate sources to encourage a discussion of our political world. Join us by commenting on the issues facing all of us.