The Wall Street Journal: Trump’s proposed $4.8 trillion budget will seek cuts to Medicare, Medicaid
WASHINGTON — President Donald Trump is expected to release a $ 4.8 trillion budget Monday that charts a path for the start of a potential second term, proposing steep cuts to social-safety-net programs and foreign aid and higher outlays for defense and veterans.
The plan would increase military spending 0.3%, to $ 740.5 billion for fiscal year 2021, which begins Oct. 1, according to a senior administration official. The proposal would cut nondefense spending by 5%, to $ 590 billion, below the level Congress and the president agreed to in a two-year budget deal last summer.
A White House budget reflects an administration’s priorities and represents the opening bid in spending negotiations for the next fiscal year. The new budget is unlikely to become law, however, as Democrats control the House and spending bills in the GOP-led Senate need bipartisan support.
The White House proposes to cut spending by $ 4.4 trillion over a decade. Of that, it targets $ 2 trillion in savings from mandatory spending programs, including $ 130 billion from changes to Medicare prescription-drug pricing, $ 292 billion from safety-net cuts — such as work requirements for Medicaid and food stamps — and $ 70 billion from tightening eligibility access to federal disability benefits.
An expanded version of this report appears on WSJ.com:
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