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Trump White House unveils $4.4 trillion spending bill

President Trump wants Congress to approve a massive $4.4 trillion spending bill that’s likely to inflate the national deficit over the next decade.

The widening specing gap comes months after lawmakers passed massive tax cuts, which trimmed billions of dollars in revenue from government coffers.

The budget Trump sent to Congress on Monday predicted revenue will actually dip $3.7 trillion between this year and 2027.

Fiscal year 2019 faces a $984 billion budget shortfall, which could be higher when factoring in a two-year, $300 billion spending bill approved last week.

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The commander-in-chief touted the budget Monday, while announcing his infrastructure framework at the White House.

Trump championed the record $686 billion requested for military spending, saying he gave Defense Secretary Jim Mattis everything he asked for.

Trump’s budget proposal is likely to inflate the national deficit.

(MANDEL NGAN/AFP/Getty Images)

“We took care of the military like it’s never been taken care of before,” Trump boasted, adding he gave Defense Secretary Jim Mattis everything requested.

“We want you to buy twice, twice what you thought for half the price,” Trump told the Pentagon.

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The Defense Department wants to add 20 strategic missile interceptors to deploy at Ft. Greely in Alaska — indicating military brass is still worried about a missile threat from North Korea.

But the spending numbers are likely to be molded as the House of Representatives and Senate debate the bills.

Trump also wants Congress to approve $23 billion to beef up border security, along with $18 billion to build a massive border wall with Mexico and other immigration measures.


Donald Trump in the White House

Trump’s budget was originally meant to slash spending for domestic programs.

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His goal was canceled out last week, however, when he signed the $300 billion spending bill that boosted both military and domestic spending.

The budget does seek to cut about $1.5 trillion from Medicaid in the next 10 years — a major reduction for the massive health system aimed at helping the poor, which Trump previously indicated wouldn’t be touched.

Social Security and Medicare benefits were spared the axe in this year’s budget.

And health care spending aimed at helping the poor who use the marketplace created under Obamacare would also see a $700 billion cut.

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The proposed budget includes a massive defense spending hike and $1.5 trillion tax cuts.

The proposed budget includes a massive defense spending hike and $1.5 trillion tax cuts.

(SAUL LOEB/AFP/Getty Images)

The budget also calls for a repeal to Obamacare “as soon as possible,” although Republicans have signaled they don’t want to tackle the issue during an election year.

Analyses by the Congressional Budget Office and independent groups have determined the budget cuts — and replacements to Obamacare — could leave millions of Americans uncovered.

Democrats on Capitol Hill panned Trump’s proposal, as well as an infrastructure plan also unveiled Monday.

Sen. Sheldon Whitehouse (D-RI) referred to it as a “dead-on-arrival budget.”

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And Senate Minority Leader Chuck Schumer (D-NY) said Trump’s budget hurt the elderly, children and blue-collar families.

“If Americans want a picture of who President Trump works for, the combination of the tax bill and this budget make it crystal clear,” Schumer said in a statement. “He’s for the rich and powerful at the expense of the middle class.” 

With News Wire Services

donald trump
taxes and spending

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