Two weeks ago, the federal government shut down for a night as lawmakers struggled to reach a compromise over a new two-year spending bill. The one that Trump finally signed, which reopened the government, asked to raise both domestic and military spending by $300 billion.But on Monday, President Trump unveiled his $4.4 trillion budget proposal to Congress. This plan differed in some important ways from the bill he signed and agreed to just the week before. Here, Election Central takes a look at the “winners” and “losers” under the new plan, and what it would do to the federal deficit if enacted.
Trump’s plan indicates that he will spend less money on domestic programs than originally thought. The big winner under the new budget plan is the military. Trump proposes increasing military spending by $195 billion over the next two years.While infrastructure will receive a big payout, public transportation will not. Money for existing programs such as Amtrak and the Army Corps of Engineers will be cut by $178 billion over the next ten years.
As written, the budget would add $984 billion to the federal deficit. It’s calculated that this will add $7 trillion to the deficit over the next ten years. Traditionally, Republicans are in favor of spending less money in order to try to balance the budget and reduce the federal deficit. But Trump, despite being a Republican, has said that he doesn’t have a problem with deficit spending, and the new budget plan certainly reflects that. Lawmakers on both sides of the aisle have finally found something they agree on: that it is highly unlikely that Trump’s budget plan will pass without major revisions.
https://www.nytimes.com/2018/02/12/us/politics/white-house-budget-congress.html
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