Trump budget poised to slash food stamps, Medicaid, other programs
Arab American News, The
WASHINGTON - The White House released President Trump's first full budget on Tuesday, a plan that will include a cut of more than $800 billion from the Medicaid program for the poor and reductions in other social spending.
The Medicaid cuts were part of a Republican healthcare bill passed by the U.S. House of Representatives in early May, which aims to gut the Obama administration's 2010 law that expanded insurance coverage and the government-run Medicaid program.
But the bill - and its politically sensitive cuts - faces an uncertain future in the Republican-controlled Senate.
Trump's initial budget outline for discretionary spending received a tepid response from Congress, which controls the purse strings, and, ultimately, government spending. He said in March he wanted to boost defense spending and slash foreign aid.
His full budget will include his plans for mandatory programs, and was expected to propose cuts for means-tested programs for low-income people, such as food stamps and rental assistance, according to some media reports.
It is unlikely that Congress, which passes its own budgets and appropriates public money, would approve a raft of cuts to social programs.
The budget will propose deep cuts to Environmental Protection Agency grants to state and local governments.
It will include a plan for $200 billion in funding to encourage state and local governments to boost spending on roads, bridges, airports and other infrastructure programs, and a S25 billion plan to give parents six weeks of paid leave after the birth or adoption of a child. *
It is Not Recommended to Claim Auto Insurance Benefits for Minor Damages
Indexed Life Sales Set Record In 1Q
Advisor News
- The overlooked retirement security risk that must be addressed
- What advisors should know about hedge funds in retirement planning
- Retirement control is top success measure for middle class, ACLI says
- Industry groups applaud House passage of Financial Exploitation Prevention Act
- Younger workers more likely to be eligible for a retirement plan after changing jobs
More Advisor NewsAnnuity News
- MassMutual Ranks No. 100 on the 2026 Fortune 500® List
- What’s fueling record annuity growth?
- Jackson Named InvestmentNews 2026 Annuities Provider of the Year
- State Farm’s agency overhaul: What distribution can learn
- IRI, ACLI express support for CLEAR Forms Act
More Annuity NewsHealth/Employee Benefits News
- HAFA praises bill to establish multifactor authentication for ACA enrollees
- Corvese, Famiglietti bill to protect patients’ insurance rights signed into law
- More Hoosiers go uninsured, resulting in higher emergency department usage
- WA CARES FUND BENEFITS OPEN, LAUNCHING NATION'S FIRST PUBLIC LONG-TERM CARE INSURANCE PROGRAM
- 16,000 new moms to benefit from expanded Medicaid coverage starting Wednesday
More Health/Employee Benefits NewsLife Insurance News
- Winged Keel Group Expands National Presence and PPLI Leadership, Welcomes SBSI, Inc. (dba NFP Insurance Solutions)
- MassMutual Ranks No. 100 on the 2026 Fortune 500® List
- 180-year Old New York Life Adds to Tokenized Funds
- Never stop learning: A lesson for the next generation of advisors
- Jackson Named InvestmentNews 2026 Annuities Provider of the Year
More Life Insurance News