Tuesday, May 23, 2017

President Trump's Budget by Bruce Ash

Top Line
For too long the federal government has not had a wise vision on spending. For too long we have gone way past what the US Constitution ever anticipated for our government right sizing our federal budget. Running trillion dollar deficits as the President has pointed out is not sustainable. Now is the time to get down to the business of right sizing our government and reducing the tax burden on all Americans.
The American dream is currently out of reach for too many of our families. Under the President’s budget policies – The New Foundation for American Greatness – the economy will boom, incomes will rise, and job opportunities will expand for all of our wonderful citizens.
This budget ensures that priority number one is the safety and security of our people – the military will be rebuilt and the border will be secured.
We will balance our Nation’s spending, streamline government by reducing waste, and slash the national debt as a percent of GDP.
We are going to get back to an economy that grows, as it should, with the most productive workforce in the world. OMB Director Mick Mulvaney said it best:
“I think it’s sad that the previous administration was willing to admit that we couldn’t get better than 1.9 percent growth over the next 10 years. I think it’s sad that the CBO does the same thing. The Congressional Budget Office assumes that we’ll never grow at more than 1.9 percent again, out into infinity. That assumes a pessimism about America, about the economy, about its people, about its culture that we're simply refusing to accept. We believe that we can get to 3 percent growth.”
Jobs and Growth
We are taking a new approach to supporting our incredible American workers and job creators – their interests must come first.
We will:
1. Balance the budget within a decade by cutting spending by $3.6 trillion dollars, the largest spending cut ever proposed in any President’s budget.
2. Repeal and replace the disaster known as Obamacare.
Simplify the tax code and provide tax relief for hardworking American families.
3. Invest in infrastructure – big league.
This budget supports the President’s goal of investing $1 trillion in infrastructure.
This will happen through a combination of new Federal funding, incentivized non-Federal funding, and expedited projects that would not have happened but for the Administration’s involvement (for example, the Keystone XL Pipeline).
4. Reform Medicaid by slowing the program’s growth and empowering states to innovate and prioritize Medicaid dollars to the most vulnerable citizens.
5. Provide a path for welfare reform by encouraging individuals to return to the workforce.
6. Slash improper payments throughout the government by half by improving payment accuracy and tightening administrative controls.
7. Redirect foreign aid spending by reducing or ending direct funding for international programs whose missions do not substantially advance United States foreign policy interests.
8. Reduce non-defense spending by two percent each year to bring the Federal government back to its proper size and role.
Safety and Security
The President’s budget will begin to rebuild our badly depleted military.
$639 billion is budgeted for the Department of Defense, reversing the disastrous defense sequester.
These resources provide for the military forces needed to conduct ongoing operations, deter potential adversaries, and protect the security of the United States.
At the same time, we are making reforms to reduce the costs of military programs wherever feasible without reducing effectiveness or efficiency.
The President’s budget will continue the Administration’s historic efforts to secure the border.
$44.1 billion is budget for DHS and $27.7 billion for DOJ, including critical law enforcement, public safety and immigration enforcement programs and activities, such as:
Border Security Infrastructure and Technology.
The Budget secures our borders by investing $2.6 billion for Customs and Border Protection to deploy high-priority tactical infrastructure and border security technology, including funding to plan, design, and construct a physical wall along the southern border.
Immigration Enforcement.
The Budget strengthens border security and immigration enforcement with more than $300 million to recruit, hire, and train 500 new Border Patrol Agents and 1,000 new Immigration and Customs Enforcement (ICE) law enforcement personnel.
Enforcing the Nation’s Laws.
The Budget enhances ICE’s ability to enforce of our Nation’s immigration laws with an additional $1.5 billion for expanded detention, transportation, and removal of illegal immigrants.
Investing in Law Enforcement.
The Budget provides critical resources for DOJ to confront terrorism, reduce violent crime, tackle the Nation’s opioid epidemic, and combat illegal immigration.
Investing in Cybersecurity.
The Budget supports the President's focus on cybersecurity to ensure strong programs and technology to defend the Federal networks we operate on behalf of the American people.
Supporting Families and Children
The President’s budget proposes six weeks of paid family leave to new mothers and fathers, including adoptive parents, so all families can afford to take time to recover from childbirth and bond with a new child.
Building on the Unemployment Insurance System as a base, the Budget proposes to allow States to establish paid parental leave programs that are most appropriate for their workforce and economy.
The budget also reforms student loan repayment.
We will do this by consolidating multiple Income Driven Repayment (IDR) plans into a single plan that caps monthly payments at 12.5 percent of discretionary income and forgives any balance for undergraduate borrowers after 15 years.
The Budget also supports Year-Round Pell to incentivize students to complete their degrees faster, helping them reduce their loan debt and enter the workforce sooner.