Trump budget calls for return to 'fiscal sanity'

Trump budget calls for return to 'fiscal sanity'

12 March, 2019

Congress may resist it, but we also think that they have an interest in, we hope they have an interest in maintaining, in getting rid of the deficit. Watch as Roll Call explains the budget.

While the president's budget is unlikely to be implemented, the document does carry some weight as a signal of Trump's desires, including money to expand barriers along the USA border with Mexico.

"To me this is a very, very sexy subject", Mr. Trump said in February of a year ago when he proposed his budget.

The fiscal 2020 proposal sees the deficit expanding to $1.1 trillion for 2019 and 2020, when Trump will run for re-election. He is going to stay with his border security.

The Republican president's $4.7 trillion budget was immediately panned by Capitol Hill Democrats, who blocked his push for a border wall during a standoff a year ago that led to a five-week partial shutdown of the federal government. But with Democrats in charge of the House, the plan is going nowhere on Capitol Hill.

"I suppose there will be", he said. "I think it's exactly the right prescription", he said.

The White House on Monday proposed capping out-of-pocket prescription drug expenses for seniors covered by Medicare, re-emphasizing Trump administration support for a concept endorsed both by pharmaceutical companies and congressional Democrats.

Vought, speaking on CNBC, says the proposed budget will also have cuts in discretionary spending, such as foreign aid and in welfare "reforms".

The Trump administration reportedly will ask Congress for an extra $8.6 billion to help pay for the wall, even after the president declared a national emergency to reallocate funds from other areas for wall construction.

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The White House request represents the first marker in what's certain to be another protracted battle between the Trump administration and congressional negotiators - particularly Democrats who hold the majority in the House.

Trump's budget proposes increasing defense spending to $750 billion - and building the new Space Force as a military branch - while reducing nondefense accounts by 5 percent, with cuts recommended to economic safety-net programs used by many Americans.

Trump signed that budget deal, but the White House is signaling that it will not look favorably on a similar dollar-for-dollar increase this year.

But the push for more wall funding - which is well above the $5.7 billion Mr. Trump had been seeking during the shutdown standoff - could be an indicator that the White House wants to keep the issue front and center as the 2020 presidential campaign kicks into high gear.

Trump's budget will likely face stiff opposition from Democrats, particularly for its focus on border security. "The same thing will repeat itself if he tries this again", the leaders continued. They said the money "would be better spent on rebuilding America".

Other ideas, however, are more likely to gain traction - like the administration's request for almost $300 million to combat HIV/AIDS and lower new transmissions of the disease by 90 percent within a decade.

He declared the emergency after Congress approved only $1.375 billion for construction of 55 miles (90 kilometers) of barriers along the border in Texas. It would cut another $207 billion by making changes to student loan programs over 10 years and an additional $200 billion by changing federal retirement programs and making major changes to the US Postal Service.

The White House will release Trump's budget the same week the Senate will likely vote to throw out his emergency declaration. The administration put the blame on Congress for ignoring proposed cuts a year ago, which has resulted in delaying when balance can be achieved.

The Democratic chairman of the House Budget Committee, Rep. John Yarmuth of Kentucky, called the proposed cuts to essential services "dangerous".

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