Budget & Appropriations – President’s Full FY 2018 Expected on May 23

The President’s detailed budget for Fiscal Year (FY) 2018 is expected to be released tomorrow, May 23. Unlike the “skinny” FY 2018 budget released in March, this one will include all parts of the federal budget: mandatory programs (such as Medicaid, Medicare, and Social Security), discretionary programs (such as employment, housing, and education), and revenue (individual, corporate, payroll, excise, estate, and other taxes, fees, and duties). According to press reports, the President’s budget will propose $1.7 trillion in cuts to mandatory programs over 10 years. This amount appears to include the over $800 billion in Medicaid cuts in the House-passed health care repeal in addition to over $800 billion in cuts to Medicaid, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), the Supplemental Nutrition Assistance Program (SNAP), and possibly other programs while also proposing historic tax cuts. Learn moreĀ here.

The President’s budget is a broad blueprint of the Administration’s priorities and is not binding. The House and Senate develop their own budgets, resolve any differences, and then use the amounts agreed to in order to develop appropriations bills and/or reconciliation instructions for Congressional Committees to develop legislation affecting mandatory spending and revenues.

%d bloggers like this: