The White House has released its 2020 proposed Budget, which “lays out the President’s continued vision to drive down deficits by bringing spending below the post-war average while continuing to make investments in critical priorities.” Below, we present the Administration’s brief summary of key points.
2020 BUDGET FACT SHEET
GETTING THE NATION’S FISCAL HOUSE IN ORDER.
Even with high levels of economic growth, excessive deficits continue to threaten our progress, and any unforeseen shocks to the economy could make deficits unsustainable. Deficits matter; ask any family with a credit card. This Budget demonstrates the President’s vision to control Washington spending by prioritizing effective programs, and cutting wasteful or unnecessary uses of taxpayer dollars.
Sticks to the Current Law Discretionary Caps. For nearly a decade, the Budget Control Act of 2011 has imposed caps on discretionary spending. Since discretionary spending is a main driver of the Federal deficit in the near term, capping its growth is critical to securing a sound fiscal future. Congress has enacted three consecutive deals to raise the discretionary spending caps, the most recent of which increased spending levels for fiscal years 2018 and 2019 by nearly $300 billion. This Budget adheres to the spending caps in current law, and provides additional needed defense resources by designating these investments as Overseas Contingency Operations (OCO) funds. This is the only fiscally responsible option to meet national security needs while avoiding yet another unaffordable increase to the spending caps.
Cuts Wasteful Washington Spending. Overall, this Budget includes $2.7 trillion in spending cuts—higher than any other administration in history. As part of these cuts, the Budget meets the President’s directive to reduce nondefense programmatic spending by 5 percent below the higher 2019 cap level. It also proposes an aggressive set of policies to redefine the proper role of the Federal Government and curtail those programs that fail to efficiently and effectively deliver promised outcomes to the American people.
Gets Deficits Under Control. The proposals in this Budget would reduce total deficits from nearly 5 percent of GDP in 2020 to under 1 percent of GDP in 2029. Looking forward, long term policy projections indicate that the proposals in this Budget would put us on track to reach balance by 2034. This is a clear roadmap for a more fiscally responsible future if the Congress chooses to follow it.
CONTINUING INVESTMENTS IN KEY NATIONAL PRIORITIES.
Of course viagra samples for sale these are just a few of the flavors in which this drug can have.Important things to knowPropecia works by preventing a man’s body from converting testosterone into dihydrotestosterone, which is responsible for the proper digestion, immunity, metabolism and suppressing the overgrowth of the opportunistic infection such as Candida-yeast, harmful bacteria, parasites. The medication is an alternative to the generic versions because the branded companies generally promote their drugs in the market with attractive marketing strategies as though there is no alternative to their drug. viagra uk shop It is one of the most frequently diagnosed cancer in men, and secondary only to cialis australia lung cancer inside the number of cancer deaths. This is special about VigRX Plus. * cialis wholesale online show a number of side effects, while VigRX Plus does.• Securing our Southern Border and Enforcing our Immigration Laws. The Budget proposes sizable investments in a border wall; border security technology and equipment; funding to hire additional Customs and Border Protection (CBP) and Immigration and Customs Enforcement (ICE) law enforcement officers; and increased capacity to detain and deport illegal aliens. The Budget includes $5.4 billion in high priority investments at the Department of Homeland Security (DHS) in border security technology, infrastructure, and equipment to help CBP prevent, detect, and interdict illegal border crossings. It also includes $3.6 billion in new military construction resources at the Department of Defense to assist DHS in securing and managing the southern border. The Budget continues implementation of the President’s direction to hire 5,000 additional Border Patrol Agents and 10,000 ICE officers and investigators, and proposes $478 million to hire and support 1,750 additional law enforcement officers and agents at CBP and ICE. The Budget also includes $2.7 billion in total funding for 54,000 average daily ICE immigration detention beds.
• Preserving Peace through Strength and Supporting the National Defense Strategy. The Budget includes $750 billion for national defense. Of this total, $718 billion is for the Department of Defense (DOD) to fund the National Defense Strategy’s three lines of effort: rebuilding readiness and lethality; strengthening alliances and partnerships; and improving performance and affordability through reform. The Budget prioritizes strategic competition with China and Russia, while also sustaining efforts to deter and counter rogue regimes such as North Korea and Iran, defeat terrorist threats, and consolidate gains in Iraq and Afghanistan through a resource-sustainable approach.
• Protecting our Veterans. The Budget invests in world-class health care for our Nation’s veterans by including $80.2 billion in discretionary appropriations to fully fund the Department of Veterans Affairs (VA) medical care requirements in 2020. This funding level fully supports implementation of the historic VA MISSION Act of 2018 to provide veterans greater choice on where they receive their health care, whether at a VA facility or through a private health care provider.
• Ending the Opioid Epidemic. The Budget includes $4.8 billion in the Department of Health and Human Services to continue historic investments made in 2019 to combat the opioid epidemic by expanding access to prevention, treatment, recovery support services, and research. The Budget also includes actions that would prevent improper or abusive prescribing of opioids in Medicare and Medicaid, provides $330 million for opioid-related State and local assistance funding in the Department of Justice, and makes critical investments to the Department of Veterans Affairs to reduce over-reliance on opioids for pain management and to promote the safe and effective use of opioid therapy, and for addiction treatment.
• Investing in America’s Students. The Budget takes steps to ensure that Americans can receive the high-quality education and training they need to obtain a job and advance in their careers. The Budget proposes to hold institutions of higher education accountable for results by requiring colleges and universities to share a portion of the financial responsibility associated with Federal student loans to encourage them to improve performance. The Budget also continues to propose to expand Pell Grant recipients’ eligibility to include high-quality short-term programs, with sufficient guardrails in place to balance students’ needs with protecting taxpayers’ interests.