Ryan says Trump budget favors taxpayers

Ryan says Trump budget favors taxpayers

Trump's 2018 budget plan for the Department of Defense, which have circulated around Washington over the past week, not only represents a small spending increase over what the outgoing Obama administration recommended - far short of what defense hawks say they want - but also comes at the expense of some veterans' and federal retirees' benefits.

President Donald Trump is proposing to balance the federal budget within a decade by making sharp cuts to social safety-net programs like food stamps and Medicaid and offering optimistic estimates of economic growth and tax revenues to fulfill the promise of a government back in the black.

The White House proposed changes that would require more childless people receiving help from the Supplemental Nutrition Assistance Programme, better known as food stamps, to work.

House Minority Whip Steny Hoyer says he can't recall in his 36 years in Congress any budget sent to the Congress with a "less realistic" chance of being enacted than the one President Donald Trump unveiled on Tuesday.

The budget cuts, he said, devastate programs that protect Americans from cancer, diabetes, heart attacks and strokes, and put Americans at risk from new and emerging infections and global health threats.

Office of Management and Budget Director Mick Mulvaney said the proposed White House budget includes a request of $2.6 billion for border security - $1.6 billion of which would be for "bricks and mortar for a wall". His cuts to domestic agencies budgets approved by lawmakers each year would be redirected to the Pentagon.

"It'll face a tough sled over here", Rep. Hal Rogers (R., Ky.), a former chairman of the House Appropriations Committee, said of the Trump budget. "We'll go to work from there", said Sen. It also promises to help finance $1 trillion in infrastructure investments, which is likely to mean subsidizing private investors in roads, bridges and other public works in exchange for a share of what used to be thought of as public property.

The poor and the disabled are big losers in President Donald Trump's $4.1 trillion budget proposal while the Pentagon is a big victor.

A few months back, Trump came up with a draft federal budget for the 2018 fiscal year.

-New parents: The budget plan includes a new paid leave program for the parents of newborn children. A similar change would be made to eligibility rules for the federal child tax credit - even when the child is a US citizen, but the parent lacks legal status.

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.

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.

Obamacare: The budget assumes that President Barack Obama's health-care law, the Affordable Care Act, is repealed and replaced and that undoing it would save $250 billion over 10 years.

Trump is also targeting the Medicaid health program that provides care to the poor and disabled, and nursing home care to millions of older people who could not otherwise afford it.

"The president's budget release shows that Trump isn't even trying to hide his true motives: huge tax cuts for the richest Americans and big corporations, all to be shouldered by middle- and working-class Americans".

Social Security disability benefits would be cut by almost $70 billion over the next decade by encouraging and, in some cases, requiring people receiving the benefits to re-enter the workforce. Mulvaney will appear before congressional committees to discuss the budget later in the week. Congress will now begin working with the administration to find common ground on budget priorities to provide responsible levels of funding for federal programs, while getting our fiscal house in order.

Military aid to Israel and Egypt, two close USA allies in the Middle East and the biggest recipients of U.S. military assistance, will remain unchanged, Mulvaney said. Trump's budget cuts more than $800 billion from Medicaid over the next decade.

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

Related Articles

  • For Haitians who came to US after earthquake, another deportation reprieve

    For Haitians who came to US after earthquake, another deportation reprieve

    They said reports on crime rates and use of social services by specific groups were separate from decisions on TPS. Some other USA lawmakers and immigration advocates had urged DHS to extend Haiti's TPS status for 18 months.
    Sam Allardyce Expecting More From Wilfried Zaha

    Sam Allardyce Expecting More From Wilfried Zaha

    And before a parliamentary select committee Robert Sullivan from the FA said I hadn't been in breach of any FA rules. Anybody with knocks or problems, I will not play.

    Convoy hit by coalition in Syria likely 'Iranian-directed': Mattis

    The sixth round of Syrian peace talks in Geneva which started on Tuesday was "short, but productive, ' Gatilov said". In this case, an official told The Associated Press , Russia tried multiple times to contact the Syrian forces.
  • Soundgarden frontman Cornell's funeral will be Friday in LA

    Soundgarden frontman Cornell's funeral will be Friday in LA

    The funeral is slated to take place in Los Angeles, and Chris Cornell will be interred at the Hollywood Forever Cemetery. Vicky told Kirsten that Cornell repeated, 'I am just exhausted , ' before hanging up the phone, the report says.
    Sensex rebounds 209 points as GST Council freezes tax rates

    Sensex rebounds 209 points as GST Council freezes tax rates

    Domestic institutional investors (DIIs) bought shares worth a net Rs. 897.96 crore. On Thursday, Asian indices were showing a negative trend.
    Anaheim Ducks vs. Nashville Predators - 5/20/17 NHL Pick, Odds, and Prediction

    Anaheim Ducks vs. Nashville Predators - 5/20/17 NHL Pick, Odds, and Prediction

    High winds howled through the streets of downtown Nashville Thursday, where the official city bird is the construction crane. Coming into Thursday night's contest, 36.7 percent of the Predators' points this postseason had come from their defense.
  • Westpac says bank levy will cost it $260ma year

    Westpac says bank levy will cost it $260ma year

    With the legislation yet to pass the parliament, Mr Maxsted said the bank would be pushing for foreign banks to also be included. Worldwide rivals would not be subject to the levy, although HSBC is subject to the equivalent United Kingdom scheme.
    Trump due on Egypt visit to mend soured ties under Obama

    Trump due on Egypt visit to mend soured ties under Obama

    Egypt is also keen to have Western companies invest in the country, to prop up it dire economy. President Donald Trump is making plans for another foreign trip as he eases into his first.
    VR and AR experiences are coming soon to Chrome for Android

    VR and AR experiences are coming soon to Chrome for Android

    Users pull up the dashboard and simply select the casting destination, this even works switching between apps. Existing virtual reality initiatives require the headset to be physically connected to its host device.
  • Ex-CIA Chief Says He Warned Russians About Election Meddling

    He said there appear to be "very, very damaging leaks, and I find them appalling and they need to be tracked down". He told committee members there had not been a good relationship between Putin and the Clintons over the years.
    Usmanov bid to buy Arsenal rejected by Kroenke

    Usmanov bid to buy Arsenal rejected by Kroenke

    Kroenke, though, could face a battle to win back the trust of those supporters who believe a change is needed in the boardroom. This includes the need to prepare a successor for Wenger, but in a very respectful way.
    NASCAR's Aric Almirola out 8-12 weeks with broken back

    NASCAR's Aric Almirola out 8-12 weeks with broken back

    Almirola admitted he probably should have avoided the wreck, but he said he went high right as the incident started to unfold. How long will Almirola be out of the auto ? "For all relative circumstances, I guess things worked out the best they could".