Foreign News

Trump wants more money for Defense and less for the poor

More money for defense, retention of tax cuts, and less money for social programs and assistance to other countries! According to insiders, these are some of the key points in the budget that US President Donald Trump will officially present today.

According to anonymous sources, Trump wants to cut back on programs that benefit poor Americans, such as food stamps and Medicaid, which helps people with low incomes get health insurance.

Although Trump’s long-term plans are aimed at reducing the US budget deficit, he does not want to make a start on it in the budget year starting on October 1 – and with presidential elections coming in November.

Read  Brothers (4 and 6 years old) put neighborhood on stilts: $16,827 damage
Trump impeachment trial: what to know about Senate trial
President Donald Trump

All in all, the American president wants to spend 4.8 trillion dollars, more than a trillion more than the federal government receives in taxes. A trillion is a thousand billion.

4.6 percent deficit

The independent Congressional Budget Office estimated the deficit last month at 4.6 percent of gross domestic product, a lot higher than the 3 percent agreed in Europe as the maximum budget deficit allowed.

Tags

Oziga

Hi! My name is Zeal Oz "De Lady at Scene". I'm a freelance, content writer and former editor at chenkeleb and co. I love music, traveling, group discussion and making friends. Email: Oziga@afrinik.com
Back to top button
>
Close