Trump budget relies on rosy projection of growth


Trump to seek another US$8.6b for border wall

Larry Kudlow, a top economic adviser to Mr. Trump, said Sunday that the wall and border security issue are "of paramount importance".

"We have a crisis down there", he said. I think the president has made that case effectively.

The demand, which drew swift criticism from Democrats, is more than six times what Congress allocated for border projects in each of the past two fiscal years, and 6 percent more than Trump has corralled by invoking emergency powers this year. Chuck Schumer (D-NY) issued late Sunday evening.

"President Trump hurt millions of Americans and caused widespread chaos when he recklessly shut down the government to try to get his expensive and ineffective wall", they said in a joint statement on Sunday.

"The same thing will repeat itself if he tries this again", they warned.

Russ Vought, acting director of the White House Office of Management and Budget, said in a statement the proposal "embodies fiscal responsibility" and "shows that we can return to fiscal sanity without halting our economic resurgence". The $2.7 trillion in proposed spending cuts is higher than any administration in history, they say. It would also increase military spending by 5 per cent to $USD750 billion, up from $USD716 billion. And they've already resisted Trump's signature push to spend more money building a wall along the U.S. -Mexico border, prompting a 35-day federal government shutdown that ended in January. Eventually, Trump relented and reopened the government. The non-partisan Congressional Budget Office projects growth to slow to 1.7 percent in coming years.

Lawmakers are nearly certain to ignore numerous Trump administration's proposals.

But the declaration has been blocked in the House, and the Senate must vote on it this week.

Even if the president's emergency declaration survives this congressional challenge, Trump faces significant opposition in the courtroom.

The White House plans to rely on this strategy next year, too, to get around budget caps. If every American family contributed $1,000 a month too reduce the debt, it would still take 11 years to erase it, the group says.

"This is in addition to the billions of dollars that we are securing through the President's declaration of a national emergency", Vought said.

So far, only 111 miles (179 km) have been built or are underway, officials said. He first promised Mexico would pay for it, but Mexico has refused to do so.

Since becoming president, Trump has changed his description of how the wall would be financed, at first saying Mexico would eventually pay the USA government back, and later scrapping any mention of Mexico sending money to the United States.

"So, yes, he's going to stay with his wall, and he's going to stay with the border security and I think it's essential", Kudlow said.

Federal health officials have quietly been exploring the controversial idea of giving individual states permission to convert their Medicaid programs to block grants or a system of caps.

The increasingly ambitious cuts to Medicare in the White House budget reflect the administration's narrowing budget math, as the federal deficit has continued to balloon under its watch.

The budget will also cut funding overseas.

The proposal also cuts federal subsidies to farmers; adds a new user fee on e-cigarettes; and ends a tax credit for electric vehicle purchases.

The budget would call for severe reductions at a number of federal agencies.

Trump's "Budget for a Better America" also includes dozens of spending cuts and policy overhauls that frame the early stages of the debate for the 2020 election.

The budget will meet the president's goal of a 5 percent cut to non-discretionary domestic spending from the budget caps in fiscal 2019, a second senior administration official said. The administration put the blame on Congress for ignoring proposed cuts past year, which has resulted in delaying when balance can be achieved.

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