Summary
The Trump Administration unveiled its $4.1 trillion budget for the 2018 fiscal year (FY), dubbed “A Foundation for American Greatness.” Though the Budget aims to balance the budget over the customary 10-year window, the Administration’s underlying economic grown assumptions have been questioned by critics. Increased investments in national defense and infrastructure, as well as enhanced border security and immigration policies, come at a sizable cost to domestic assistance programs serving low-income individuals, including the Supplemental Nutrition Assistance Program (SNAP) (nearly $200b/10y in cuts) and Medicaid. The Budget also includes $250b/10y in deficit savings as a result of repealing and replacing the Affordable Care Act (ACA).