Trump's 2018 budget proposals would eliminate many federal programs that help the very American workers that Trump's campaign said he would support. Yet his budget proposals serve to cut savagely the safety net upon which many of his supporters depend.
|Trump's proposals would completely eliminate 66 federal programs for a saving of $26.7 billion. Some of the programs would receive funding for 2018 but as part of a phasing out program. The cuts are in many different departments.|
“There’s a certain philosophy wrapped up in the budget and that is — we are no longer going to measure compassion by the number of programs or the number of people on those programs. We’re not going to measure our success by how much money we spend, but by how many people we actually help. We need folks to work. We need people to go to work. If you’re on food stamps, and you're able-bodied, we need you to go to work. If you’re on disability insurance and you're not supposed to be, we need you to work. There’s a dignity to work, and there’s a necessity to work.”
Were this proposal enacted, it would put a large and rapidly growing drag on economic growth going forward. All else equal, job losses stemming from this budget’s spending cuts would total 177,000 in 2018, 357,000 in 2019, and 1.4 million in 2020. While it gets increasingly hard to estimate precise numbers further into the future, the fiscal drag just increases dramatically after 2020.