Admin l Friday, May 26, 2017
WASHINGTON, United States – President Donald Trump of the United States has proposed a budget of US$4.094 for the Year 2018, a little bit above the US$ 4.062 budgeted for the year, 2017.
From the budget, receipt stands at US$ 3, 654 trillion compared to receipt of US$3.460 in 2017.
Speaking on the budget, the President said this Budget’s defining ambition is to unleash the dreams of the American people.
“This requires laying a new foundation for American Greatness.Through streamlined Government, we will drive an economic boom that raises incomes and expands job opportunities for all Americans. Faster economic growth, coupled with fiscal restraint, will enable us to fully fund our national priorities, balance our budget, and start to pay down ournational debt”, he said.
On his health Reform, the president emphasized the need for Americans to buy the healthcare they need at a price they can afford.
“To this end, we must repeal Obamacare and its burdensome regulations and mandates, and replace it with a framework that restores choice and competition. This will lower the cost of care so that more Americans can get the medical attention they need. Additionally, Medicaid, which inadequately serves enrollees and taxpayers, must be reformed to allow States to manage their own programs, with continued financial support from the Federal Government”, he said.
He also spoke of the need to reduce the tax burden on American workers and businesses, so as to maximize incomes and economic growth.
“We must also simplify our tax system, so that individuals and businesses do not waste countless hours and resources simply paying their taxes”, he said.
He promised to reform immigration policy so that it can serve the US national interest, protect American workers, reduce burdens on taxpayers and public resources, and focus Federal funds on underserved and disadvantaged citizens.
“We must scrutinize every dollar the Federal Government spends. Just as families decide how to manage limited budgets, we must ensure the Federal Government spends precious taxpayer dollars only on our highest national priorities, and always in the most efficient, effective manner.
To unleash the power of American work and creativity—and drive opportunity and faster.
he said the budget includes $639 billion for the Department of Defense—a $52 billion increase from the 2017 annualized continuing resolution level.
“This increase will be offset by targeted reductions elsewhere. This defense funding is vital to rebuilding, modernizing, and preparing our Armed Forces for the future so that our military remains the world’s preeminent fighting force and we can continue to ensure peace through strength. This Budget also increases funding to take care ofmour great veterans, who have served their country with such honor and distinction.
“The Budget also meets the need to materially increase funding for border security, immigration enforcement, and law enforcement at the Departments of Homeland Security and Justice. These funding increases will provide additional resources for a southern border wall, expanded detention capacity, and initiatives to reduce violent crime, as well as more immigration judges, U.S. Immigration and Customs Enforcement officers, and Border Patrol agents. The Budget also invests significant resources in efforts to combat opioid abuse”, he said.
He said the budget will keep Americans safe, keeping terrorists out of our Nation, and putting violent offenders behind bars.
He said the Budget returns Americans to economic prosperity.
“It will also allow us to fund additional priorities, including infrastructure, student loan reform, and initiatives to help working families such as paid parental leave. We will champion the hardworking taxpayers who have been ignored for too long.
“Once we end our economic stagnation and return to robust growth, so many of our aspirations will be within reach”, he said.
