Trump Budget: ‘A New Foundation for American Greatness’

WASHINGTON, D.C. — The Trump Administration released it’s fiscal year 2018 budget entitled “A New Foundation for American Greatness” on Tuesday morning which prioritizes money for defense, border security, law enforcement, veterans and school choice.

Documents previewed on Monday included a summary of the plan.

One document entitled “A New Foundation for a Balanced Budget” stated that this budget “will reverse the damaging trends from previous administrations and restore the American Dream.” It asserts that under this budget, by 2027 “publicly held debt will be reduced to less than 60 percent of GDP, the lowest level since 2010, when the economic policies of the last Administration took effect.”

Mulvaney reinforced this in a Monday budget preview briefing. He said that the budget will balance in 10 years under this plan, “the concept we put in place is a general, what we call the two-penny plan, which is that every single year we see those reduced by two cents on the dollar, every single year.”

The document emphasizes that there are no cuts to core Social Security benefits and no cuts to Medicare.

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