White House Budget Proposal Asks For $8.6 Billion For Border Wall
00:13, Mar 13, 2019
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According to the 4.7-trillion-U.S. -dollar budget proposal, the Trump administration plans to cut non-defense domestic spending by 5 percent over the next year, or a almost 30-billion-dollar reduction, involving programs on education, health care and environment protection, among others.
Though the plan comes with a built-in deficit of more than $USD2 trillion, Trump administration officials described it as a "return to fiscal sanity" that won't hinder economic growth.
The budget plan foresees a 1.1-trillion-dollar deficit in 2019, 2020 and 2021, and a 1-trillion-dollar deficit in 2022. Trump's request would come in his proposed budget for fiscal year 2020.
Still, Trump contended the nation is experiencing "an economic miracle".
According to the administration, the plan is provide "additional flexibility to states" and put Medicaid "on a path to fiscal stability by restructuring its financing and reducing waste".
President Donald Trump's budget chief confirms that the president will ask Congress for $8.6 billion for his proposed wall along the US border with Mexico as part of his 2020 budget proposal. The federal budget deficit is ballooning on Trump's watch and few in Washington seem to care.
Russ Vought, director for the Office of Budget and Management, says the president has concentrated budgetary efforts on fiscal responsibility and reigning in the irresponsible spending that has caused so many problems in Washington.
The request is just a part of the president's 2020 budget blueprint, which he's expected to present to lawmakers on Monday.
The Latest on President Donald Trump's budget proposal for the 2020 budget.
Keegan Barber/ZUMA Press/NewscomPage 1 of President Donald Trump's proposed budget boldly promises to tame America's runaway national debt, which recently surpassed $22 trillion and continues to grow.
Trump also wants to redirect USD 5 billion from the Department of Homeland Security's budget, bringing the total amount devoted to his wall to USD 8.6 billion, or more than USD 12 billion if the requested 2019 funding reimbursement is included.
"Congress has been ignoring the President's spending reductions for the last two years", Vought told reporters.
The budget roadmap would increase defense spending by almost 5 percent to 750 billion dollars from 716 billion dollars in fiscal year 2019.
The stakes for a spending deal of some sort in Congress are high this year. But even with Republican control of Congress during the first two years of the Trump administration, deficits were on a steady march upward.
"Dangerous", not serious, a "sham", they said.
The budget slashes $2 trillion from health care spending, while trying to collect $100 million in new fees from the electronic cigarette industry to help combat a surge in underage vaping. It's as radical as his previous budget that was flat-out rejected by a Republican Congress; a Democratic House will make short work of it.
While pushing down spending in some areas, including the Environmental Protection Agency, the proposal will seek to increase funding in others to align with the president's priorities, according to one official. It would also increase military spending by 5 per cent to $USD750 billion, up from $USD716 billion. There's a 10 percent increase in spending on veterans and money to fight the opioid drug crisis.
Almost $300 million would go toward Education Innovation and Research (EIR) grants, with new funds going toward professional development stipends that could be used by teachers who qualify. The one-time allocation is championed by the president's daughter Ivanka Trump.
It also provides $200 billion toward infrastructure, much lower than the $1 trillion plan Trump once envisioned.
Separately, Kudlow expressed optimism that U.S. economic growth will surpass three percent "in 2019 and beyond".
The White House predicts rising deficits beyond the standard 10-year time horizon for federal budgeting, but claims the budget will balance in 15 years, assuming optimistic growth.
Leading Democrats rejected the budget proposal immediately. "Congress refused to fund his wall and he was forced to admit defeat and reopen the government", the pair warned in a statement.
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The 2020 budget request, which is set to be formally unveiled Monday, would far exceed the $5.7 billion Trump demanded past year . Trump wants $8.6 billion in new funding, beyond the $6.7 billion he's yanking out from other programs with his "emergency".
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