Trump’s 2020 budget: The top 10 takeaways
By Heather Long Heather Long Economics correspondent Email Bio Follow March 11 at 2:43 PM President Trump unveiled his 2020 budget Monday that basically has no chance of getting enacted. Even Republicans balk at some of Trump’s proposed cuts.
Consider just this year and next: Trump’s budget forecasts 3.2 percent growth this year — almost a full percent above the Federal Reserve’s 2.3 percent prediction. In 2020, the vast majority of economists think growth will be around 2 percent , but Trump’s budget predicts 3.1 percent growth.3. The biggest winners: military and veterans.
Trump also wants to implement controversial policies to require more people receiving government benefits such as Medicaid, SNAP and housing vouchers to find work or actively search for jobs. Many advocates for the poor say stringent regulations are already in place, but the Trump administration wants to go further and it’s calculating it can save a lot of money by doing so .
As for paid parental leave, the budget includes no detail of this plan. A senior administration official told reporters that was deliberate to allow Congress to craft the best policy and send it to the president. The budget includes just $1 billion a year in federal dollars for paid parental leave, a fraction of what most say it would cost to launch a viable program.
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