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Trump once again requests deep cuts in U.S

Trump once again requests deep cuts in U.S

The budget contains a number of controversial provisions, most conspicuous of which is a request for $8.6 billion in funding for construction of Trump's border wall.

Trump wants to cut funding for most federal government agencies by $USD2.7 trillion, while boosting defence spending and setting aside $USD8.6 billion for the proposed wall along the US-Mexico border.

The budget envisions a complete repeal of Obamacare and an extension of the Republican tax cut law, which the White House says is necessary to keep the economy booming.

On an unrelated note, Trump's budget would also cut Education Department funding by 10 percent even as it expands money for school choice programs, apprenticeship programs and school safety. Despite media messaging that permeates even many other conservative outlets, actual cuts - i.e. literally spending less year over year - are rare. "Congress refused to fund his wall and he was forced to admit defeat and reopen the government", the pair warned in a statement.

House Speaker Nancy Pelosi of California and Senate Minority Leader Chuck Schumer of NY said on Sunday they would block efforts by Trump to get $USD8.6 billion to build his wall. Trump's new budget calls for billions more for his border wall, with steep cuts in domestic programs but increases for military spending.

In the last two years, President Trump and this Administration have prioritized reining in reckless Washington spending.

Vought acknowledge the tax cut had contributed to higher deficits, but he praised the corporate rate reduction central to "MAGAnomics" - the administration's economic plan coined from the president's "Make America Great Again" campaign slogan. Meanwhile, total funding for all other agencies, from the Department of Education to Veterans Affairs and NASA, is only $543 billion, down from $597 billion budgeted in 2019 - a nine percent decrease.

The top-line budget numbers released today in the president's "A Budget for a Better America" document provide a broad outline of the President's priorities - more specific numbers are expected to be released next week.

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"President Trump added almost $2 trillion to our deficits with tax cuts for the wealthy and large corporations, and now it appears his budget asks the American people to pay the price", said John Yarmuth, Democratic chairman of the House Budget Committee, who added: "It has no chance in the House".

The plan sticks to budget caps that both parties have routinely broken in recent years. The OMB said the budget was created to balance by 2034, exceeding the traditional 10-year period that previous administrations targeted.

Overall, White House officials say their goal is to cut spending on domestic and foreign aid programs by about 5% below 2019 levels while increasing military spending.

By refusing to raise the budget caps, Trump is signaling a fight ahead.

When pressed by CBS News if Mexico would in fact be finally lending a hand to the president's border wall, the State Department pointed to a White House statement saying that the $8.6 billion Mr. Trump is asking in additional financing for his wall would be "funded by Department of Defense and Department of Homeland Security". Some of the plans resemble proposals unsuccessfully offered by President Barack Obama in his time in the White House. That standoff led to a 35-day partial government shutdown, the longest in USA history.

The budget would arrive as the Senate readies to vote this week to terminate Trump's national emergency declaration.

"The use of a massive budgetary gimmick to hide the true cost of his defense spending request should outrage everyone who claims to care about fiscal responsibility", said House Appropriations Committee Chairwoman Nita M. Lowey, New York Democrat.

"The whole issue of the wall, of border security, is of paramount importance", National Economic Council Director Larry Kudlow said Sunday in an interview with Fox News. Many Democratic leaders have said they will oppose the sweep of the White House's proposed budget cuts, though White House officials have signalled they plan to fight over the budget much harder this year, believing it provides a sharp contrast between Democrats and Republicans heading into the final year of Trump's first term.

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