{"id":16545,"date":"2025-02-27T16:01:48","date_gmt":"2025-02-27T16:01:48","guid":{"rendered":"https:\/\/lonecandle.com\/?p=16545"},"modified":"2025-02-27T16:01:49","modified_gmt":"2025-02-27T16:01:49","slug":"the-biggest-spending-cuts-in-trumps-new-budget-bill-and-how-they-could-affect-you","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=16545","title":{"rendered":"The biggest spending cuts in Trump&#8217;s new budget bill \u2014 and how they could affect you"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">&#8220;Trump\u2019s new budget blueprint, which is also known as a resolution, does three things.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">First, it calls for extending the president\u2019s 2017 tax cuts, which would otherwise expire at the end of the year, at a cost of $4 trillion over the next decade. It also makes room for another $500 billion in&nbsp;<a href=\"https:\/\/finance.yahoo.com\/news\/donald-trump-has-made-at-least-a-dozen-tax-cut-promises-can-he-keep-any-of-them-145919991.html\" target=\"_blank\" rel=\"noreferrer noopener\">tax cuts Trump talked about on the campaign trail<\/a>, such as no tax on tips, for a grand total of $4.5 trillion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Second, the blueprint greenlights modest spending increases targeted toward immigration enforcement (up to $110 billion), customs and border protection (up to $90 billion) and military involvement in border security (up to $100 million) \u2014 top Trump priorities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And finally, at the behest of conservative deficit hawks, the resolution mandates $2 trillion in spending cuts over 10 years to partially offset new border spending and the trillions in revenue lost to Trump\u2019s tax cuts. (Even then, the new budget would still directly add $2.8 trillion to the deficit.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For now, Trump\u2019s budget blueprint doesn\u2019t say&nbsp;<em>which<\/em>&nbsp;programs will be slashed; instead, it instructs specific House committees to cut specific amounts from the programs under their jurisdiction.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.yahoo.com\/news\/the-biggest-spending-cuts-in-trumps-new-budget-bill--and-how-they-could-affect-you-172157094.html\">https:\/\/www.yahoo.com\/news\/the-biggest-spending-cuts-in-trumps-new-budget-bill&#8211;and-how-they-could-affect-you-172157094.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Trump\u2019s new budget blueprint, which is also known as a resolution, does three things.<\/p>\n<p>First, it calls for extending the president\u2019s 2017 tax cuts, which would otherwise expire at the end of the year, at a cost of $4 trillion over the next decade. It also makes room for another $500 billion in tax cuts Trump talked about on the campaign trail, such as no tax on tips, for a grand total of $4.5 trillion.<\/p>\n<p>Second, the blueprint greenlights modest spending increases targeted toward immigration enforcement (up to $110 billion), customs and border protection (up to $90 billion) and military involvement in border security (up to $100 million) \u2014 top Trump priorities.<\/p>\n<p>And finally, at the behest of conservative deficit hawks, the resolution mandates $2 trillion in spending cuts over 10 years to partially offset new border spending and the trillions in revenue lost to Trump\u2019s tax cuts. (Even then, the new budget would still directly add $2.8 trillion to the deficit.)<\/p>\n<p>For now, Trump\u2019s budget blueprint doesn\u2019t say which programs will be slashed; instead, it instructs specific House committees to cut specific amounts from the programs under their jurisdiction.&#8221;<\/p>\n<p>https:\/\/www.yahoo.com\/news\/the-biggest-spending-cuts-in-trumps-new-budget-bill&#8211;and-how-they-could-affect-you-172157094.html<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[450,2099,221,1193,844,26,493,25,279,141,170],"class_list":["post-16545","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-budget","tag-corporate-income-taxes","tag-donald-trump","tag-government-spending","tag-ice","tag-illegal-immigration","tag-immigrants","tag-immigration","tag-spending","tag-taxes","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/16545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16545"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/16545\/revisions"}],"predecessor-version":[{"id":16546,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/16545\/revisions\/16546"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}