Trump's budget would add trillions to the deficit. Voters probably won't care

Trump's budget would add trillions to the deficit. Voters probably won't care

The Trump administration's infrastructure proposal released on Monday would speed up the permitting of us natural gas pipelines, including by cutting Congress out of the process for allowing them to cross national parks.

Fleishmann believes the proposed growth plan would generate more jobs and economic growth for years to come.

As part of the plan, Trump proposed changes created to remove regulatory barriers and streamline permitting processes related to infrastructure projects. "I couldn't tell you using solid numbers that we could balance the budget in 10 years". During the campaign, Donald Trump promised that the wealthy would not get a tax break and that Social Security, Medicare and Medicaid would not be cut.

The White House has said the lost revenue due to tax cuts would be made up for by the booming economy, an assumption that is falling short of expectation.

The budget also seeks some $13bn in new funding over the next two years to combat the opioid epidemic.

For example, the budget calls for the SNAP program under the USDA to introduce a initiative that would operate similar to "Blue Apron" food delivery services, in which the government would provide healthy, boxed up food items to people now using food stamps. The proposal included $1.5 trillion for rebuilding the country's infrastructure as well as $23 billion for border security-an amount that includes $18 billion for Trump's much-ballyhooed wall along the USA and Mexican border to prevent illegal immigration.


"So you would say this is a no, as a member of Congress?"

Chemical companies are welcoming President Donald J. Trump's long-awaited $1.5 trillion plan to rebuild aging US infrastructure systems.

Democratic leaders have called for $1 trillion in direct federal spending to rebuild infrastructure. It calls for a $214 billion cut from the Supplemental Nutrition Assistance Plan, and a reorganization of government which potentially eliminate duplicating programs.

The proposal seeks to fix and replace USA highways, bridges and airports by committing $200 billion in federal funding during the next decade. "And we will do it with American heart, and American hands, and American grit", Trump said. The plan envisions budgeting $200 billion in federal funds to spur at least $1.5 trillion in infrastructure investments from private investors and state and local governments.

Well, it was the remarkable moment of Mulvaney's hearing, which is basically a Capitol Hill ritual day after the presidential budget request's launched.

Related Articles

  • Liverpool, Real prevail in CL matches

    Liverpool, Real prevail in CL matches

    At half time he told to score more goals and I tried. "I enjoyed the fifth goal the most ". It's fair to say they did that and more in their display at Porto .
    Fannie Mae needs $3.7 billion infusion of federal cash

    Fannie Mae needs $3.7 billion infusion of federal cash

    Since being taken over by the government, Fannie Mae has sent $166.4 billion to the Treasury. Mayopoulos said in a statement that the company's underlying business was strong.
    U.S.  secretary of state heads to Turkey after short visit to Lebanon

    U.S. secretary of state heads to Turkey after short visit to Lebanon

    Secretary of State Rex Tillerson is urging Hezbollah to cease its activities overseas to help reduce tensions in the region. Lebanon is also protesting Israeli violations of Israeli airspace, often to bomb targets inside neighboring Syria.
  • (NASDAQ:AMAT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

    (NASDAQ:AMAT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

    First Personal Financial Services increased its position in shares of Applied Materials by 281.5% during the 3rd quarter. Looking ahead, AMAT forecast Q2 EPS of $1.10 to $1.18, well above the $1.01 per share that Wall Street is looking for.
    Why Litecoin's Price Shot Up 30%, Far More Than Bitcoin, Ethereum

    Why Litecoin's Price Shot Up 30%, Far More Than Bitcoin, Ethereum

    Additionally the Singapore registered non-profit Litecoin Foundation is also an investor in the new system. Don't fall for it and definitely don't enter your private keys or seed into their website or client.

    Ares Capital's (ARCC) Buy Rating Reaffirmed at National Securities

    Rock Springs Capital Management Lp increased Invitae Corp stake by 106,000 shares to 1.31M valued at $12.24 million in 2017Q3. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned "Hold" rating by RBC Capital Markets on Friday, November 3.
  • Newcastle United 1 Manchester United 0

    Newcastle United 1 Manchester United 0

    You can see why Lawro is refusing to get carried away with Newcastle's new centre-forward. "We know it and we're working on it". We use cookies to give you the best experience on our website and bring you more relevant advertising.
    McDonald's Happy Meals about to get healthier

    McDonald's Happy Meals about to get healthier

    During that same period, the number of Happy Meals that included soda and other beverages decreased from 62 percent to 48 percent. For starters, McDonald's is cutting the cheeseburger from their kids' menu unless a customer specifically requests it.
    Kenya revokes deportation of lawyer who 'swore in' opposition leader

    Kenya revokes deportation of lawyer who 'swore in' opposition leader

    He directed immigration director Gordon Kihalagwa to surrender Miguna's passports to court within seven days. Last week, the vocal lawyer was controversially deported to Canada after being held for five days.
  • Dashcam video shows police trying to stop runaway auto

    Dashcam video shows police trying to stop runaway auto

    A stop stick, also called a spike strip, is a device used to slow or stop the movement of a vehicle by puncturing its tires. No matter what he tried, he said, he couldn't slow down. 911 operator: "I need you to try and turn on your cruise".
    Lima Group nations flay Venezuela election date

    Lima Group nations flay Venezuela election date

    We need them because unfortunately this problem gets worse day by day, Santos said at an event in Bogota. That, combined with hyperinflation in the oil-rich country, has led to the mass exodus.
    Here's What Warren Buffett Is Buying and Selling Now

    Here's What Warren Buffett Is Buying and Selling Now

    Even after rebounding a bit, Teva is still down 39% from a year ago - even after the after-hours "Buffett rally". Berkshire disclosed the holding-worth about $358 million-in the famous conglomerate's latest quarterly filing.