Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts
Kate Davidson, Andrew Restuccia 3 hrs ago WASHINGTON—President Trump is expected to release a $4.8 trillion budget Monday that charts a path for the start of a potential second term, proposing steep cuts to social-safety-net programs and foreign aid and higher outlays for defense and veterans.
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 cut nondefense spending by 5%, to $590 billion, below the level Congress and the president agreed to in a two-year budget deal last summer.
A White House budget reflects an administration’s priorities and represents the opening bid in spending negotiations for the next fiscal year. The new budget is unlikely to become law, however, as Democrats control the House and spending bills in the GOP-led Senate need bipartisan support.
This year, the budget also reveals Mr. Trump’s fiscal policy objectives should he win reelection in November, and his campaign messaging will likely reflect its broad strokes. The president’s aides have been meeting since late last year to craft a second-term agenda.
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https://www.msn.com/en-us/news/politics/trump-to-propose-dollar48-trillion-budget-with-big-safety-net-cuts/ar-BBZOHig?ocid=spartanntp
