The Trump Train is pulling into the White House, and the President-elect is armed with an ax. His target? Government spending:
The departments of Commerce and Energy would see major reductions in funding, with programs under their jurisdiction either being eliminated or transferred to other agencies. The departments of Transportation, Justice and State would see significant cuts and program eliminations.
The Corporation for Public Broadcasting would be privatized, while the National Endowment for the Arts and National Endowment for the Humanities would be eliminated entirely.
Overall, the blueprint being used by Trump’s team would reduce federal spending by $10.5 trillion over 10 years.
The so-called “skinny budget” is very similar to a blueprint published last year by the Heritage Foundation. Indeed, the two Trump team members in charge of laying the groundwork for the budget — Russ Vought and John Gray — both worked for the conservative think tank.
As for what Trump plans to do with the extra money generated by his deep cuts? Build the wall:
The spending reductions are expected to be used to help pay for Trump’s plan to boost the Pentagon’s budget, tax cuts and some pet projects, potentially including the anti-immigration wall on the nation’s southern border.
The Trump administration’s full budget, including appropriations language, supplementary materials and long-term analysis, is expected to be released toward the end of Trump’s first 100 days in office.