5 Things to Watch in President Trump’s Skinny Budget

by Harry Stein and Scott Nathan – President Donald Trump is preparing to release the first budget proposal of his administration. While this budget likely will only provide limited details on President Trump’s plans—thus why it is nicknamed the “skinny budget”—it will still give the American people a clear look at Trump’s policy agenda and the priorities of his new administration. The skinny budget will not address taxes, and it will only address discretionary spending, the programs that Congress funds in annual appropriation bills. Discretionary spending comprises about one-third of federal spending, and it does not include major programs such as Social Security, Medicare, and Medicaid. In fiscal year 2018, after a two-year hiatus as a result of the 2015 budget deal, discretionary programs will once again be threatened by harsh spending caps known as sequestration. In the past, lawmakers have passed temporary bipartisan budget agreements to provide equal increases for...

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