March 20, 2018

Mulvaney Answers Congress' Questions About Trump's 2018 Budget

27 May 2017, 12:07 | Rex Hubbard

Budget Director Mick Mulvaney

Budget Director Mick Mulvaney

President Donald Trump's proposed budget would have major impacts in Shelby County.

What effect would Trump's budget have on Medicaid?

The plan, Trump's first as president, combines 4.1 trillion USA dollars (£3.2 trillion) for the upcoming 2018 fiscal year with a promise to bring the budget back into balance in 10 years, relying on aggressive spending cuts, a surge in economic growth - and a two trillion U.S. dollars-plus accounting gimmick.

Where is the money going to come from for Ivanka's family leave proposal?

"Basically dead on arrival", opined the Senate's No. 2 Republican, John Cornyn of Texas.

Congressional estimates show that the tax cuts in the House Republicans' health care package have shrunk by $69 billion.

More than half the states now cover children above the administration's proposed cutoff, Riley said.

"I went back and looked at some of the economic assumptions that the Obama administration made in its first couple of years, and I want to say, on a couple of different occasions, their assumed growth rate was more than 4.5%", said Mick Mulvaney, director of the Office of Management and Budget, in a briefing Tuesday. Beyond increased defense spending, the budget calls for boost in National Nuclear Security Administration and Veterans Affairs - a big part of Trump's campaign promises. Mexico emphatically rejects that notion.

MLB Sunday Night Baseball Predictions: Will Yankees beat Astros? 5/14/17
Jeter led the Yankees to a 7-1 victory over the Indians. "I'm happy to see him getting celebrated the way he deserves". With the former captain's No. 2 retired, all single-digit numbers have been put to rest by the Yankees.

Despite promises to protect Medicaid and other services, the proposed budget slashes $800 billion from Medicaid, $192 billion from nutritional assistance, $272 billion over all from welfare programs, and bars undocumented immigrants from collecting the child and dependent care tax credit all to make room for the president's devastatingly unnecessary border wall.

"The Trump budget assumes hundreds of billions more in Medicaid cuts than the House bill", said Edwin Park, a health policy expert with the Center on Budget and Policy Priorities, which advocates for low-income people. All federal programs should be continually evaluated for effectiveness and affordability, and that must include Social Security and Medicare, regardless of the politics.

To explain why baseline budgeting needs to be retired, Mulvaney used the example of a program that cost $100 past year. "They're not mere shavings, they're deep, deep cuts".

Mulvaney then said it was almost impossible to estimate how the tax cuts outlined in the president's budget proposal would impact a particular family. "We are fast approaching having publicly held debt at or exceeding 100 percent of our Gross Domestic Product, a point at which hopes for a more prosperous future are irrevocably lost". In agriculture, the proposed budget would limit subsidies to farmers, including for purchasing crop insurance, a move already attacked by farm state lawmakers.

Smucker also took time to refer to a question he got at a Lancaster Rotary Club meeting two weeks ago about why the federal government can't just print more money to solve the deficit.

Discussing a spending plan that has been critiqued on both sides of the aisle, Smucker used his time to ask the director about the current trajectory of the federal budget deficit, whether economic growth will fuel opportunities for businesses and what President Trump's budget does to address the opioid epidemic.

Trump's budget was silent on bargaining with the pharmaceutical industry to reduce the cost of prescription drugs, a topic the president has often touched on. Dick Durbin of IL.

Mulvaney was responding to the deluge of criticism that followed the rollout of President Donald Trump's first full budget proposal earlier this week, even though it faces certain changes in Congress.

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