For fiscal 2018, the budget would also shift 54 billion dollars from non-defense discretionary spending to defense by enacting major cuts to the State Department, the Environmental Protection Agency and other agencies.
The budget is expected to meet with resistance from both parties in Congress and start a new round of fiscal fighting in Washington. Republican Senator John Cornyn has described the budget as "basically dead on arrival". Many Democrats have also opposed the steep cuts to non-defense discretionary spending in the budget.
"President Trump's budget is a stark showcase of the president' s broken promises to America's hard-working families," House Democratic Leader Nancy Pelosi said Tuesday in a statement. "Families across America would suffer, with particularly harsh effects on rural communities."
The administration also estimated that U.S. economic growth would accelerate from 1.6 percent last year to 3 percent by 2021, and would continue staying at that level for the rest of the decade, with the help of tax reform and deregulation.
However, many economists are skeptical about the administration's growth assumptions. The U.S. economic growth will average about only 1.9 percent over the next 10 years, according to the nonpartisan Congressional Budget Office.
【国际英语资讯:Trump administration unveils first budget with 3.6-trillion-dollar spending cut】相关文章:
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