According to The Hill, Trump officials are preparing an ambitious plan to cut spending and shrink the size of the federal government. In a nutshell, this is the plan:
If you want lots more granular detail on what’s specifically on the chopping block, the Trump administration’s plans are said to hew closely to this budget plan proposed by the Heritage Foundation last year. Many of the specific details in the Heritage proposal have already been endorsed by the Republican Study Committee in Congress.
Notably, the Heritage plan promises to “fully fund national defense,” while still bringing spending growth down from the Congressional Budget Office’s baseline of 5 percent a year to just 1.7 percent, as well as reduce the deficit by $9.2 trillion over the next decade.
Of course, the biggest drivers of spending are America’s entitlement programs. Although the Trump administration is expected to release a budget near the end of its first 100 days in office, The Hill reports that “it’s not clear” the Trump budget will include any Social Security or Medicare reforms.
