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IPFS News Link • Trump Administration

Budget and tax plan details expected on Tuesday in Trump's address to Congress

• http://www.nextbigfuture.com, brian wang

But the Trump preliminary budget plan has gotten attention. It is a product of a collaboration between the Office of Management and Budget director, Mick Mulvaney; the National Economic Council director, Gary Cohn; and the White House chief strategist, Stephen K. Bannon.

Trump is demanding a budget with tens of billions of dollars in reductions to the Environmental Protection Agency and State Department, according to four senior administration officials with direct knowledge of the plan. Social safety net programs, aside from the big entitlement programs for retirees, would also be hit hard.

It will have sharp increases in Defense Department spending and drastic enough cuts to domestic agencies. It will leave Social Security and Medicare alone.

There is a 34 page analysis of Trump's tax plan by the Tax Policy Center. The final details of any tax legislation will have to come out of revisions from the House and Senate.


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