Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts
Kate Davidson, Andrew Restuccia - Feb. 9, 2020
WASHINGTON—President Trump is expected to release a $4.8 trillion budget Monday that charts a path for the start of a potential second term, proposing steep cuts to social-safety-net programs and foreign aid and higher outlays for defense and veterans.
The plan would increase military spending 0.3%, to $740.5 billion for fiscal year 2021, which begins Oct. 1, according to a senior administration official. The proposal would cut nondefense spending by 5%, to $590 billion, below the level Congress and the president agreed to in a two-year budget deal last summer.
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The plan would request $2 billion in new funding for construction of the wall the southern U.S. border, the senior administration official said.
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The White House proposes to cut spending by $4.4 trillion over a decade. Of that, it targets $2 trillion in savings from mandatory spending programs, including $130 billion from changes to Medicare prescription-drug pricing, $292 billion from safety-net cuts—such as work requirements for Medicaid and food stamps—and $70 billion from tightening eligibility access to federal disability benefits.
In campaigning for the White House Mr. Trump had promised voters he would protect funding for Medicare and Medicaid. His new budget’s proposals to find savings through changes to those programs reflect longstanding GOP efforts to reduce federal safety-net spending.
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Though Mr. Trump’s budget officials have pushed routinely for spending cuts to reduce deficits, the president has reached two separate agreements with congressional Democrats to boost spending above limits set in 2011.
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