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President Trump Unveils $4.4 Trillion Spending Plan

<p>President Trump on Monday unveiled a &dollar;4&period;4 trillion spending&nbsp&semi;plan for 2019 that includes funding for the border wall and &dollar;1&period;5 trillion for infrastructure&period;<&sol;p>&NewLine;<p>The budget is focused on &ldquo&semi;prioritizing the efficient use of taxpayer resources&comma;&rdquo&semi; said Secretary of State Rex Tillerson&period;&nbsp&semi;<&sol;p>&NewLine;<p>Trump&&num;8217&semi;s proposed budget includes steep cuts to foreign aid&comma; health assistance&comma; the Department of Housing and Urban Development&comma; the State Department&comma; and the Labor Department&period;<&sol;p>&NewLine;<p>It seeks to&nbsp&semi;do away with the federal student loan forgiveness program &lpar;more on that here&rpar;&comma; eliminate subsidized loans&comma; and reduce the number of income-driven repayment plans from four to one&period;&nbsp&semi;<&sol;p>&NewLine;<p>The proposal aims to slow&nbsp&semi;Medicaid growth and save over &dollar;554 billion on Medicare spending&period; It slashes funding for food stamps and the welfare cash-assistance program and promotes the enactment of work requirements for safety net programs&period;<&sol;p>&NewLine;<p>The budget &ldquo&semi;calls on Congress to transform Medicaid from an entitlement system&comma; in which the federal government pays states a portion of the costs for everyone who qualifies&comma; into a system of capped federal payments that frees states from federal eligibility and benefits rules&comma;&rdquo&semi; reports <em>The Washington Post&period;&nbsp&semi;<&sol;em><&sol;p>&NewLine;<p>Like Trump&&num;8217&semi;s first budget proposal&comma; this year&&num;8217&semi;s plan also seeks to repeal the <em>Affordable Care Act<&sol;em> and its Medicaid expansion &lpar;this is even less likely to happen than it was last year&rpar;&period;&nbsp&semi;<&sol;p>&NewLine;<p>The proposal seeks to privatize the International Space Station&comma; which costs NASA &dollar;3 billion per year to operate&comma; and asks states to share in the costs of funding Amtrak&rsquo&semi;s long-distance routes&period; The Administration is also pushing officials to sell Reagan National Airport and Dulles International Airport&period;<&sol;p>&NewLine;<p>White House estimates suggest the proposal could add as much as &dollar;6&period;5 trillion to the national debt over the course of 8 years &lpar;Obama added &dollar;7&period;2 trillion&rpar;&period;&nbsp&semi;<&sol;p>&NewLine;<p>Beneficiaries of the proposal include&colon; NASA&comma; the Energy Department&comma; Health and Human Services&comma; Homeland Security&comma; Defense&comma; and Veterans&rsquo&semi; Affairs&period;&nbsp&semi;<&sol;p>&NewLine;<p>The proposal allocates &dollar;5 billion to address the opioid epidemic and another &dollar;5 billion for substance abuse and mental health&period; It transfers the ATF&rsquo&semi;s responsibilities for alcohol and tobacco from the Justice Department to the Treasury Department and boosts funding for the Commerce Department by &dollar;2&period;3 billion in order to help the Census Bureau prepare for the 2020 census&period;&nbsp&semi;<&sol;p>&NewLine;<p>The proposal gives the&nbsp&semi;DHS as whopping 12&percnt; increase in funding&comma; with &dollar;782 million to hire more employees&comma; &dollar;2&period;8 billion to increase immigration detention&comma; and &dollar;1&period;6 billion for the construction of a wall along the Texas-Mexico border&period;<&sol;p>&NewLine;<p>Trump&rsquo&semi;s proposal now heads to Congress&comma; where &ldquo&semi;it is expected to get a cool reception even from key Republican lawmakers who already rejected many of the same cuts proposed in the president&rsquo&semi;s 2018 budget plan&comma;&rdquo&semi; notes<em> USA Today&period;<&sol;em>&nbsp&semi;<&sol;p>&NewLine;<p>&mdash&semi;<&sol;p>&NewLine;<p>Democrats are already whining about Trump&rsquo&semi;s proposed cuts&comma; but it is important to remember that much of what Trump has proposed will never make it past lawmakers&period; Even the most hawkish of lawmakers are unlikely to agree with the full extent of the president&rsquo&semi;s proposed cuts to USAID and the State Department&period;&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

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