Pres. Trump budget calls for return to 'fiscal sanity'


Trump to seek another US$8.6b for border wall

Two administration officials on Sunday confirmed that the request was part of Trump's spending blueprint for the 2020 budget year that begins October 1.

"This budget puts forward $2.7 trillion in spending reduction over the next ten years and balances within 15 years", Office of Management and Budget Acting Director Russ Vought said. One of them seems to be the electric vehicle tax credit which some politicians have criticized as a reward for the wealthy.

The White House doesn't forecast a balanced budget at any point during Trump's presidency, even with rosy projections for economic growth.

In seeking the wall funding, Trump would more than double the $8.1 billion now potentially available to the president for the wall after he declared a national emergency at the border last month in order to circumvent Congress - although there's no guarantee he'll be able to use that money if he faces a legal challenge, as is expected.

Trump harmed millions when he "recklessly" shut down the government in pursuit of funds to build an expensive border wall, said House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., in a joint statement.

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Trump's blueprint strengthens work requirements for social programs created to help lower-income Americans - like the Supplemental Nutrition Assistance Program (SNAP, also referred to as food stamps), Medicaid and housing assistance.

Veterans' healthcare receives $80 billion, and $4.8 billion is allocated to fight America's ongoing opioid epidemic.

In a joint Sunday statement, Senate Minority Leader Chuck Schumer, D-N.Y., and House Speaker Nancy Pelosi, D-Calif., vowed that the president's proposal would be defeated just as his previous funding request was shot down earlier this year following the lengthiest government shutdown in US history. "Congress refused to fund his wall and he was forced to admit defeat and reopen the government", the pair warned in a statement.

Mr. Trump's budget proposal is also expected to include a 5 percent cut to domestic discretionary spending at the same time it gives a big boost to the military, to $750 billion next year. "However, the national debt - now more than $22 trillion - remains a grave threat to our economic and societal prosperity". And few Republican lawmakers want to be dragged into another health care fight.

Trump's plan to boost the Pentagon's budget, to spend $8.6 billion on his much-promised border wall, and to extend the 2017 personal income tax cuts (which are scheduled to sunset in 2025) are attempts to play to his Republican base while the 2020 election is looming. Trump's budget calls for $200 billion in new infrastructure spending, though White House officials say they are deliberately not offering many specifics on how the funding should be used and hope to work with Congress on that front.

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"The Trump Administration's pro-growth policies have unleashed the American economy, creating millions of jobs and resulting in historically low unemployment", a White House release from the press secretary read Monday. He's going to stay with his wall and he's going to stay with the border security theme. "I think the president has made that case very effectively", Mr. Kudlow said on "Fox News Sunday".

While announcing his presidential bid in June 2015, Trump said he would "save Medicare, Medicaid and Social Security without cuts".

About $5 billion would come from the Department of Homeland Security and $3.6 billion would come from military construction funds, according to a senior administration official.

The proposal will also include $1bn for a childcare fund that would seek to improve access to care for underserved populations, a White House official said. The House has already voted to revoke the emergency, and the Senate is likely to do the same this week.

The White House request, reported earlier by Reuters, represents the first marker in what's certain to be another protracted battle between the Trump administration and congressional negotiators - particularly Democrats who hold the majority in the House. Congress appears to have enough votes to reject Trump's action, but not enough to overturn his pledged veto.

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