President Donald Trump's 2018 budget proposal includes sweeping cuts
to social spending for low-income Americans, including entitlement
programs that the president promised to protect as a candidate, while
boosting defense spending.
White House budget director Mick Mulvaney
briefed reporters on the blueprint Monday, which seeks to eliminate the
deficit in 10 years while avoiding cuts to Medicare and Social Security
retirement benefits. The full budget is scheduled to come out on Tuesday
morning.
"This is, I think, the first time in a long
time the administration has written a budget through the eyes of the
people paying the taxes," Mulvaney told reporters.
It would accomplish its savings goals via deep
cuts to other safety-net programs. At the same time, it assumes that
the White House's agenda of repealing Obamacare, reforming the tax code
and investing in infrastructure will become law and unleash an economic
boom that would further reduce deficits by $2 trillion over the next
decade.
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