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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTop White House economic adviser previews 'tough budget'
Top White House economic adviser Larry Kudlow said Sunday that President Trump will call for an across-the-board domestic spending cut of 5 percent in his budget proposal, even as he asks for an increase in funding for a wall along the southern border.
Kudlow on "Fox News Sunday" laid out the administration's budget strategy ahead of the submission of the fiscal 2020 proposal on Monday. He said it will pair policies like the 2017 tax cut bill with the roughly 5 percent domestic spending cut in an effort to spur growth and deal with deficits.
"It will be a tough budget," he said, calling it "exactly the right prescription."
The president reportedly intends to request $8.6 billion for his long-promised wall along the border with Mexico when he submits his fiscal 2020 congressional budget on Monday.
The funding for the wall would reportedly pull $5 billion from the Department of Homeland Security budget, plus $3.6 billion for the military construction budget at the Pentagon. The budget proposal would include a separate $3.6 million in military construction to help fund projects affected by the wall.
https://thehill.com/homenews/sunday-talk-shows/433377-top-white-house-economic-adviser-previews-tough-budget-ahead-of?rnd=1552226881
benld74
(9,904 posts)NCjack
(10,279 posts)of the poor and middle class. It's a one-two screw job by Trump and the GOP 2016-18 Congress. First, we get hit with the phoney taxcut, and now we are being targeted to pay down the national debt by reduction in domestic services.
However, the DEM House will not accept Trump's proposed budget.
spanone
(135,829 posts)we just went thru this shit and he knows it
mwooldri
(10,303 posts)Normally the way to eliminate debt is to raise revenue as well as cutting unnecessary expenses. However Republican philosophy is that revenue needs to be cut too. Doesn't make sense to me.