Thursday, May 11, 2017

Trump Wants $800 Billion, 10-Year Cut in Entitlement Programs



RollCall by PMKrawzak

White House officials are crafting a fiscal 2018 budget proposal for President Donald Trump that aims to wipe out the deficit through a combination of robust economic growth, steep cuts in certain means-tested entitlement programs and other savings.

Trump would aim to balance the federal budget within 10 years. His plan relies on Congress passing a comprehensive tax overhaul and other policies, such as deregulation. The administration believes these approaches will jump-start the economy, causing economic growth to ramp up to 3 percent in the coming decade, people with knowledge of the plan said.

While the Trump budget request is not final and could be changed, these sources also said it would propose about $800 billion in cuts to projected spending in a wide array of means-tested, mandatory spending programs including Medicaid over 10 years. The proposed reductions in Medicaid would go beyond those in a House-passed health care overhaul. 




White House officials are crafting a fiscal 2018 budget proposal for President Donald Trump that aims to wipe out the deficit through a combination of robust economic growth, steep cuts in certain means-tested entitlement programs and other savings.
Trump would aim to balance the federal budget within 10 years. His plan relies on Congress passing a comprehensive tax overhaul and other policies, such as deregulation. The administration believes these approaches will jump-start the economy, causing economic growth to ramp up to 3 percent in the coming decade, people with knowledge of the plan said.
While the Trump budget request is not final and could be changed, these sources also said it would propose about $800 billion in cuts to projected spending in a wide array of means-tested, mandatory spending programs including Medicaid over 10 years. The proposed reductions in Medicaid would go beyond those in a House-passed health care overhaul. 
- See more at: http://www.rollcall.com/news/policy/trump-wants-800-billion-10-year-cut-entitlement-programs#undefined.uxfs
White House officials are crafting a fiscal 2018 budget proposal for President Donald Trump that aims to wipe out the deficit through a combination of robust economic growth, steep cuts in certain means-tested entitlement programs and other savings.
Trump would aim to balance the federal budget within 10 years. His plan relies on Congress passing a comprehensive tax overhaul and other policies, such as deregulation. The administration believes these approaches will jump-start the economy, causing economic growth to ramp up to 3 percent in the coming decade, people with knowledge of the plan said.
While the Trump budget request is not final and could be changed, these sources also said it would propose about $800 billion in cuts to projected spending in a wide array of means-tested, mandatory spending programs including Medicaid over 10 years. The proposed reductions in Medicaid would go beyond those in a House-passed health care overhaul.  - See more at: http://www.rollcall.com/news/policy/trump-wants-800-billion-10-year-cut-entitlement-programs#undefined.uxfs
White House officials are crafting a fiscal 2018 budget proposal for President Donald Trump that aims to wipe out the deficit through a combination of robust economic growth, steep cuts in certain means-tested entitlement programs and other savings.
Trump would aim to balance the federal budget within 10 years. His plan relies on Congress passing a comprehensive tax overhaul and other policies, such as deregulation. The administration believes these approaches will jump-start the economy, causing economic growth to ramp up to 3 percent in the coming decade, people with knowledge of the plan said.
While the Trump budget request is not final and could be changed, these sources also said it would propose about $800 billion in cuts to projected spending in a wide array of means-tested, mandatory spending programs including Medicaid over 10 years. The proposed reductions in Medicaid would go beyond those in a House-passed health care overhaul.  - See more at: http://www.rollcall.com/news/policy/trump-wants-800-billion-10-year-cut-entitlement-programs#undefined.uxfs

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