U.S. President Donald Trump proposes a record $4.7-trillion United States federal budget for 2020, relying on optimistic 3.1 per cent economic growth projections alongside accounting shuffles and steep domestic cuts to bring future spending into promised balance in 15 years.
The request is far more than the $1.4 billion Congress allocated for wall construction in January after a standoff between the president and Democrats, which led to a five-week partial government shutdown. But House Armed Services Committee Chairman Adam Smith, D-Wash., and House Budget Committee Chairman John Yarmuth, D-Ky., have called it "a giant OCO gimmick to prop up defense spending".
Kudlow also predicted another budget fight with Congress over spending on a wall along the U.S. -Mexico border, casting it as inevitable: "I suppose there will be". During the 2016 presidential campaign, Trump said he would not cut Medicare or Social Security, the retirement program for the elderly, but his budget past year also included a proposed cut of more than $550 billion to the program.
The proposal is a steep ask from the president, whose previous request for $5.7 billion in border wall funding was denied by lawmakers and set off the longest government shutdown in US history. It proposes $2.7 trillion in budget cuts over the next 10 years, which is still not enough to close the Trump-sized hole the tax cuts have created.
"The budget promotes quality education and job training, holds higher education institutions more accountable, and expands Pell Grants to high-quality short-term training programs", according to the White House.
While pushing down spending in some areas, including the Environmental Protection Agency, the proposal will seek to increase funding in others to align with the president's priorities, according to one official.
Trump initially proposed a "national emergency" declaration that would divert funds from other military projects, but both Republicans and Democrats sided against the White House's proposal, and both the House (Democrat-controlled) and the Senate (Republican-controlled) issued resolutions committing to vote down any attempt at declaring a national emergency. Republicans and Democrats alike have been promising to "eliminate the deficit in 10 years" since the last time the federal government had a budget surplus in fiscal 2001.
"We do have an $8.6 billion request to Congress to complete the wall".
Trump "hurt millions of Americans and caused widespread chaos when he recklessly shut down the government to try to get his expensive and ineffective wall", their statement said.
In this March 6, 2019, photo, President Donald Trump speaks in the Oval Office of the White House in Washington.
The Senate this week could join the House of Representatives in revoking Trump's emergency declaration although Congress appears to lack the two-thirds majorities needed to override Trump's expected veto of the vote against the wall.
White House Economic Adviser Larry Kudlow touts major progress in the ongoing trade talks with China. Military spending would increase from $715 billion this year to $750 billion.
Even with the stiff congressional opposition, Trump's new budget request shows that he plans to continue fighting on the issue in the coming months.
(Washington Examiner) President Trump's pursuit of additional border wall funding in his fiscal 2020 budget proposal will only lead to another government shutdown, warned Democratic leaders on Sunday.
Separately, Kudlow expressed optimism that United States economic growth will surpass three percent "in 2019 and beyond". The House has already voted to revoke the emergency, and the Senate is likely to do the same this week. If Congress and the White House fail to agree to lift mandatory spending caps set in a 2011 law, steep automatic cuts in many programs would kick in. "The same thing will repeat itself if he tries this again", the leaders continued. He first promised Mexico would pay for it, but Mexico has refused to do so.