Trump's Budget Explained

President Donald Trump’s proposed budget for fiscal year 2021 has been released. The budget provides an overview of Trump's priorities, including military spending and border security, as well as spending on programs like Medicaid and Social Security. In this video, we explain Trump's proposed budget and what it could mean for the American public.Show more

The budget proposed by President Trump for fiscal year 2021 is a $4.8 trillion spending plan that calls for an increase in military spending and a decrease in non-defense programs. Trump is proposing to increase the Department of Defense budget by 3.1%, while reducing spending on the State Department and Environmental Protection Agency, as well as other non-defense programs. The budget also includes $8.6 billion for a wall along the U.S.-Mexico border, as well as $2.2 billion for border security.

Trump's budget also includes cuts to programs that help the poor and elderly, such as Medicaid and Social Security. The budget proposes to cut Medicaid by $920 billion over 10 years and to reduce Social Security by $25 billion over the same period. In addition, the budget proposes to cut funding for the Supplemental Nutrition Assistance Program (SNAP) by $181 billion over 10 years.

Trump's budget also seeks to increase spending on infrastructure, science, and technology. The budget proposes to invest $1 trillion in infrastructure projects over 10 years, as well as to increase spending on research and development by $14 billion.

Overall, Trump's proposed budget could have a significant impact on the American public. While the proposed increases in defense spending and border security are likely to be popular with his base, the proposed cuts to programs like Medicaid and Social Security could have a negative effect on the elderly and the poor. Additionally, the proposed cuts to SNAP could affect millions of Americans who rely on the program for food assistance. Finally, the increased investment in infrastructure and research and development could help spur economic growth, but this will depend on how the money is spent.

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