The budget would boost spending on a plan to expand offshore oil and gas leasing from 2019-24, to begin oil and gas leasing in Alaska's Arctic National Wildlife Refuge, to open new areas to drilling in the National Petroleum Reserve in Alaska, and to expedite government processing of federal drilling permits. Social Security makes up the largest portion at $1.05 trillion.
The committee estimates direct Medicare reductions at $515 billion.
Defending the plan, he said: "This budget contains almost $2.7 trillion in savings, more spending reductions proposed than any administration in history".
"These are programs that will continue to increase every year".
The budget proposal "practices the Robin Hood principle in reverse", said Senator Bernie Sanders, budget panel member and 2020 Democratic presidential candidate.
Within the NIH, the National Cancer Institute is to have $900 million cut from its budget of $5.2 billion, while the National Institute of Allergy and Infectious Disease (NIAID) will see $750 million cut from its $4.75 billion allocation. "Nearly a trillion dollar cut in Medicare". The Trump administration wants to eliminate that differential.
Congress has swiftly rejected the last two budgets from the administration that also sought deep cuts to non-defense spending.
Meanwhile the changes proposed at the FDA in the document entitled 'A Budget for a Better America' tighten up regulations on generics manufacturers in order to improve competition for off-patent drugs and lower prices.
The analysis also notes that the amount of the proposed Medicare cuts is closer to $500 billion rather than the $845 billion that has been widely reported. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, applauded the administration's efforts to tackle these inefficient programs. "So it usually tends to be much more hard than it sounds like it should be". It has already been declared dead on arrival in Congress.
President Donald Trump's "I LOVE YOU!" tweet to farmers is facing another challenge: Budget cuts that will slash subsidies for crop insurance and small growers. He called the proposal "malicious". That includes shifting roughly $269 billion in funding for training medical residents and payments to hospitals for caring for the uninsured to the Department of Health and Human Services' budget.
"At the end of the day, this is a really irresponsible budget in which the president is also breaking promises that he made to the American people", she said, "It's going to undermine critical health care services for millions of Americans". "But I do appreciate the president's signaling that he wants to actually balance the budget".
"He's not cutting Medicare in this budget", asserted acting White House budget director Russell Vought. The budget forecasts the economy will grow about 3 percent annually over the next decade, relying on the assumption that the deregulation and tax cuts will have a long-lasting impact on the economy.
What was it, four years ago, that he said he wasn't going to cut these vital programs?
According to Rep. Chip Roy (R-Texas), the growth rates in the administration's budget are reasonable. "That will be fine", he told The Epoch Times.
- Drugs Put a Stop to Judgment Sales in Asia
- Attackers Kill 8, Themselves at Brazil School
- Phone eats an arrow, saves owner from attack (allegedly)
- Kingston residents, students react to cellphone ban in Ontario schools
- Maradona: Juventus star Ronaldo an animal and sorcerer
- ‘Avengers: Endgame’ co-director Joe Russo to visit India
- UK PM May suffers blow ahead of big Brexit vote
- Jussie Smollett pleads not guilty to lying about attack
- Mercedes look to burst Ferrari's bubble in Melbourne
- When will Facebook, Instagram outage be fixed?