Trump's Budget Proposal Is Based On Some Pretty Optimistic Assumptions

White House proposes massive cuts in welfare

Needless to say, such massive cuts will have devastating impacts on North Carolina's Medicaid program. States would also be allowed to transfer children from families with incomes below 133 percent of FPL, who had been transferred from CHIP to Medicaid, back to CHIP.

"This is taking away from the poor to give to the rich", said Thomas.

Here in Colorado, some potential winners and losers.

While the plan boosts defense spending by $54 billion, it falls short of campaign promises for a "historic" hike in military spending amid plans to rebuild the US Navy.

GOP Rep. Fred Upton of MI, a senior lawmaker, said border security is important, but questioned the need for $1.6 billion to be spent on Trump's border wall. On the campaign trail, Mr. Trump repeatedly promised that he would make Mexico pay for it - a claim that Mexico has consistently rejected. Instead, the USA taxpayer will foot the bill.

The plan will face challenges on Capitol Hill as many Democrat and Republican representatives have labeled it as the "most conservative budget" in decades. Joe Manchin say the budget would essentially eliminate the Appalachian Regional Commission, which got $120 million previous year.

Just as most presidents' budgets are more reflections of their policy priorities than documents they expect to get turned into law, so too are some senators' criticisms as much about provincial concerns rather than sweeping critiques of presidential policies.

Finally, the budget proposes a number of "medical liability reforms", that would generally limit access to the courts and damages recoverable by individuals injured by medical negligence.

- Medicare and Medicaid fraud prevention efforts would get a $70 million increase next year.

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Medicaid: The health care program for the poor suffers a $610-billion cut over 10 years. That would be on top of the $880 billion in Medicaid that is already set to be slashed in the GOP's health care replacement bill.

Trump, who is traveling overseas this week, wants lawmakers to cut more than $800 billion from Medicaid and more than $192 billion from food stamps.

A program created to move people receiving Social Security disability payments back into enter the workforce is politically toxic as well. And the proposed $143 billion reduction in student loans would jeopardize the futures of young people struggling to afford college and begin work.

'Asking for $12 billion in a budget for a border wall is not going to be met with great receptivity in the Senate, ' Meadows told Bloomberg.

The budget also includes a projected savings of $250 billion from repealing the Affordable Care Act, which is not detailed by year. Trump has proposed eliminating the $3 billion community development block grant program, which helps local communities revitalize distressed neighborhoods. Another politically fraught item is a proposal for cuts to the US Postal Service, a goal that has long eluded lawmakers and administrations from both political parties. He filed two items for Sputnik, including one noting that Trump's budget would deny tax credits to "parents who aren't legally in the United States even if their children are American citizens".

-Planned Parenthood: The budget would prohibit any funding for certain entities that provide abortions, including Planned Parenthood. "The budget will not pass in its current state, but people will keep an eye on any sort of indication of corporate tax reform as well as infrastructure spending", said Nadia Lovell, US Equity Strategist at J.P. Morgan Private Bank in NY.

-Science: The American Association for the Advancement of Science estimates the budget proposal would cut overall federal spending on scientific research by 16.8 percent.

"I don't need to take this much of your money and to bury it in the ground out in western Texas someplace for domestic security and national security reasons when we have domestic surpluses like we do", he added.

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