President’s FY 18 Budget - Mandatory Spending Proposals
WASHINGTON, DC – The Senate Budget Committee today released the second in a series of analyses of the President’s FY 2018 Budget submission. The May 24, 2017, Budget Bulletin is focused on Mandatory Spending Proposals as part of the President’s fiscal year 2018 Budget request. The Budget Bulletin provides regular expert articles by Senate Budget Committee analysts on the issues before Congress relating to the budget, deficits, debt, and the economy.
Read the full Senate Budget Bulletin here.
Excerpts follow:
Overview
President Donald Trump’s 2018 budget proposal, submitted to Congress on May 23, proposes $2.9 trillion in mandatory savings over 10 years, partially offset by $0.4 trillion in additional spending, with $2.5 trillion in net savings. Major new spending initiatives include $200 billion for infrastructure improvements, $29 billion for the Veterans Choice Program, and $27 billion for paid parental leave benefits. Savings include $1,250 billion from the repeal of Obamacare, $610 billion from Medicaid, $191 billion from the Supplemental Nutrition Assistance Program, and $139 billion from reducing improper payments.
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