Trump administration sending Congress $4.1 trillion budget

President Donald Trump's robust economic growth projections in the new budget proposal don't jibe with reality, CNBC's Jim Cramer said Tuesday.

"We believe that we can get to 3% growth, and by the way we do not believe that that is something fanciful", he said. Here's where I think we shouldn't be spending as much.

Mulvaney suggested that more robust economic growth would help, but not completely solve, the problem if more unemployed and underemployed Americans begin working more. Food stamp spending increased by more than 30 percent over the presidency of Barack Obama, and was higher than it was at the beginning of the economic crisis of 2008.

See Trump's budget proposal here. But it would greatly reallocate where many federal funds go - beefing up spending in some areas, while slashing it in others over the next ten years.

Democrats had an opposite interpretation.

The White House on Tuesday proposed massive cuts in the country's welfare programmes, while seeking an increase in national security and defence spending, including a wall along the U.S border with Mexico. Dick Durbin of IL.

Trump campaigned heavily previous year on promises not to cut Social Security, the Medicare health insurance programme for those over age 65, or Medicaid, which funds health care for low-income and disabled people. "We need people to go to work". The president is also calling for $25bn to introduce the US' first nationwide paid parental leave programme.

For example, the budget includes a $1 billion cut to the National Cancer Institute, and it reduces the overall National Institutes of Health budget from $31.8 billion to $26 billion.

Referring to Trump's cuts to the federal food stamp program, Rep. Harold Rogers, a Republicans from Kentucky said, "These cuts that are being proposed are draconian". "We're going to measure compassion and success by the number of people we help get off those programs and back in charge of their own lives". It would impose more stringent work requirements and limits on those receiving aid, including disability and food stamps, now known as the Supplemental Nutrition Assistance Program, or SNAP. The program presently serves about 42 million people. "They're not mere shavings, they're deep, deep cuts".

But to achieve balance, Mr. Trump is seeking sharp cuts in a variety of programs for the poor from Medicaid to food stamps and disability payments.

While the budget proposal is still yet to be officially released, it has already been met with scepticism by Capitol Hill lawmakers. Trump hasn't clarified how the tax cuts would result in more than a 100 percent revenue growth. There would be three tax brackets - 10 percent, 25 percent and 35 percent - instead of the current seven, and there's a promise to lower the corporate tax rate to 15 percent. She says cuts to education are "one of the dumbest budget moves they can make".

"If the Trump people sell it as genuine reform that's getting rid of people who should be at work or are cheating, getting rid of redundancy and making the bureaucracy dramatically leaner, then it will be successful", Gingrich said.

The Medicaid program in general, which covers more than 70 million low-income children, adults, disabled Americans, and the elderly, will also face reduced federal funding. $100 last year, $100 this year, y'all call it a cut. But it does lay out for lawmakers where the president's fiscal and legislative priorities lie - and where they don't - as they start to craft a budget for next year.

With the assumption that the new American Health Care Act passes Congress as is, the budget would also defund women's health care provider Planned Parenthood, which provides abortion services opposed by conservative Republicans.