5 Takeaways From Trump’s New Budget Proposal

The Daily Signal | 2/13/2018 | Staff
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Justin Bogie is a senior policy analyst in fiscal affairs at The Heritage Foundation.

President Donald Trump delivered his fiscal year 2019 budget request to Congress on Monday, officially kicking off the 2019 budget season.

Congress - Job - President - Budget - Budget

Congress must now do its job and build off the president’s budget and craft its own budget resolution.

In light of last week’s budget-busting deal, now more than ever it is crucial for Congress to pass a budget resolution and include reconciliation instructions that call for meaningful and permanent spending reforms. Lawmakers should incorporate the many positive reforms included in the president’s budget in crafting their proposal.

Takeaways - Proposal

Here are five takeaways from the proposal:

1. Continues the president’s commitment to national defense.

President - Budget - Investment - Defense - Proposal

The president’s 2019 budget calls for continued investment in national defense. The proposal provides more than $700 billion for defense in 2019 and over the next 10 years it would invest a total of nearly $7.5 trillion.

The plan also calls for phasing out Overseas Contingency Operations funding, and would instead budget for those needs within the Defense Department and State Department’s base budgets. This is a much-needed step toward ending the misuse of the Overseas Contingency Operations designation and presenting a more transparent defense budget.

Fails

2. Fails to balance.

Last year, the president’s budget reached a balance of $16 billion by 2027. By contrast, the 2019 proposal never balances.

Departure - Republican - Budget - Proposals - House

This is a stark departure from the past several Republican budget proposals. Since 2011, the House Budget Committee has put forth seven budget proposals, all of which balanced within 10 years. Cumulatively, the proposal would add more than $7 trillion to the national debt over the next 10 years.

Simply put, the president’s budget does not go far enough on reducing spending and reforming entitlement programs.

Year - House - Budget - Resolution - Cut

Last year’s House budget resolution cut spending by nearly $5.5 trillion. The Heritage Foundation’s Blueprint for Balance and Republican...
(Excerpt) Read more at: The Daily Signal
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