President Donald Trump announced a budget plan aimed at reducing domestic spending in order to lower the federal deficit while significantly increasing investments in defense. This "skinny" budget blueprint is designed to direct Congress in crafting legislation on taxation and federal budgeting for the upcoming year. Notably, the plan includes substantial cuts to programs perceived as wasteful and ideological, such as funding from the National Institutes of Health, while ensuring that critical areas such as Medicare and Social Security remain untouched. The budget allocates over $1 trillion towards military enhancements, including missile defense systems.
The so-called "skinny" spending blueprint will guide the House and Senate in producing the "big, beautiful bill" settling tax policy as well as the contours of the federal budget for the next year.
Calling the proposal "a bold blueprint that reflects the values of hardworking Americans and the commitment to American strength and prosperity," House Speaker Mike Johnson praised Trump's plan as ensuring that "every federal taxpayer dollar spent is used to serve the American people, not a bloated bureaucracy."
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