White House budget proposes increase to defense spending and cuts to safety net but federal deficit would remain
Trumpbudget
The White House projects a large gap between government spending and tax revenue over the next decade  adding at least $7 trillion to the debt over that time. In 2019 and 2020 alone  the government would add a combined $2 trillion in debt under  Trump ’s plan.
Even with upbeat economic forecasts and numerous proposed cuts to social programs — most of which are expected tol be dead on arrival in Congress — the  Trump  administration projects that it would run a deficit of $450 billion in 2027.
Democrats  though  reacted with hostility  saying the proposal confirmed their long-held belief that  Trump  would pivot from large tax cuts for corporations to a push to scale back government benefits for low-income Americans.
“The  Trump  budget proposal makes clear  his  desire to enact massive cuts to health care  anti-poverty programs  and investments in economic growth to blunt the deficit-exploding impact of  his  tax cuts for millionaires and corporations ” Rep. John Yarmuth of Kentucky  the top Democrat on the House Budget Committee  said. “These cuts to critical federal investments are so extreme they can only reflect a disdain for working families and a total lack of vision for a stronger society.”
Republicans have long called for eliminating the budget deficit  but  Trump  has ushered in a new economic strategy  jettisoning deficit fears in favor of a low-tax  high-spending model that  he  thinks will boost the economy. Such an approach has risks  particularly as government debt levels are projected to grow at least $7 trillion over the next decade.
Last year   Trump  and  his  budget director  Mick Mulvaney  sought to use the budget as a way to promise that the deficit would be eliminated over 10 years  even though many of its proposals were not enacted.
The White House projects a large gap between government spending and tax revenue over the next decade  adding at least $7 trillion to the debt over that time. In 2019 and 2020 alone  the government would add a combined $2 trillion in debt under  [TGT] ’s plan.
Even with upbeat economic forecasts and numerous proposed cuts to social programs — most of which are expected tol be dead on arrival in Congress — the  [TGT]  administration projects that it would run a deficit of $450 billion in 2027.
Democrats  though  reacted with hostility  saying the proposal confirmed their long-held belief that  Trump  would pivot from large tax cuts for corporations to a push to scale back government benefits for low-income Americans.
“The  [TGT]  budget proposal makes clear  his  desire to enact massive cuts to health care  anti-poverty programs  and investments in economic growth to blunt the deficit-exploding impact of  his  tax cuts for millionaires and corporations ” Rep. John Yarmuth of Kentucky  the top Democrat on the House Budget Committee  said. “These cuts to critical federal investments are so extreme they can only reflect a disdain for working families and a total lack of vision for a stronger society.”
Republicans have long called for eliminating the budget deficit  but  Trump  has ushered in a new economic strategy  jettisoning deficit fears in favor of a low-tax  high-spending model that  he  thinks will boost the economy. Such an approach has risks  particularly as government debt levels are projected to grow at least $7 trillion over the next decade.
Last year   Trump  and  his  budget director  Mick Mulvaney  sought to use the budget as a way to promise that the deficit would be eliminated over 10 years  even though many of its proposals were not enacted.