Trump unveils budget with ambitious goals for spending cuts, economic growth

by
March 11, 2019

donald-trump-budget-cutsPresident Trump released a fiscal year 2020 budget Monday that relies on sunny projections for economic growth and trillions in budget cuts to achieve the goal of balancing the budget by 2034.

Trump calls for $2.7 trillion in spending cuts over the next 10 years through major decreases in domestic spending. Much of that would be achieved through $1.9 trillion in cuts to entitlement spending.

The budget also proposes $8.6 billion in new funding for Trump’s promised Mexican border wall.

The budget is a proposal for spending and taxing over the next 10 years and, like other recent presidential budgets, is dead on arrival in Congress. But it sets Trump’s priorities for government funding for next year. Budget talks will heat up in the next several months as Congress and Trump look both to fund the government and raise the federal debt ceiling before fall deadlines.

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.