President Trump’s proposed 2021 budget features cuts to the EPA by 26% and foreign aid by 21%.
Meanwhile it boosts government support for the Department of Veteran Affairs by 13%, the Department of Homeland Security by 3% and NASA by 12%.
Per Politico, under Trump’s plan, the administration predicts the federal deficit would shrink to $966 billion next fiscal year and to $261 billion by 2030. That gap between government spending and revenue is forecast to exceed $1 trillion this year.
The president aims to reduce the deficit by $4.4 trillion over a decade, by way of about $2 trillion in spending restraint through non-defense programs and about $2 trillion from military accounts, plus hundreds of billions of dollars in avoided interest payments. Trump projects an end to annual deficits in 15 years, rather than a more aggressive 10-year goal.
DailyCaller reports President Donald Trump’s proposed budget for fiscal year 2021 includes sweeping cuts to the Environmental Protection Agency, Department of Commerce, and foreign aid, the White House announced Sunday.
White House officials confirmed to reporters that the budget will total $4.8 trillion, and assuming the economy grows at 3% each year, will reduce government spending by $4.4 trillion over the next 10 years.
The budget cuts funding to the EPA by 26%, foreign aid by 21%, and the DOC by 37%, though the majority of that could be attributed to the completion of the 2020 census.
Still, the budget requests funding raises for the Department of Veterans Affairs, Department of Homeland Security, and NASA by 13, 3, and 12%, respectively.
For the first time, the fiscal year 2021 budget will feature a chapter devoted entirely to eliminating “wasteful” government spending, as previously reported by Daily Caller.
The proposal targets agencies with overlapping and similar goals, agencies that provide similar or identical services to the same group of recipients, programs without a clearly defined federal role, federal programs that mirror state-level initiatives and erroneous payments.