Trump's Budget, and related reporting

"Trump budget would sell entire U.S. Northeast gasoline reserve" - http://www.reuters.com/article/us-usa-budget-gasoline-idUSKBN18J2HT
>The U.S. Northeast Gasoline Supply Reserve (NGSR) was established in 2014 to minimize the impact of sudden supply interruptions, such as occurred in 2012 during Sandy, the second-costliest hurricane in the country's history.

"Trump seeks to slash $3.6 trillion of spending in austere budget" - http://www.reuters.com/article/us-usa-budget-idUSKBN18I26X
>U.S. President Donald Trump asked lawmakers on Tuesday to cut $3.6 trillion in government spending over the next decade, taking aim at healthcare and food assistance programs for the poor in an austere budget that also boosts the military.

>The White House said its proposed tax cuts would help fuel higher growth and pay for themselves by generating an additional $2 trillion in revenue over 10 years.

>Lawrence Summers, a former economic adviser to Democratic President Barack Obama, said the Trump administration was double-counting that money by saying it would help close budget deficits while also offsetting the revenue lost by cutting tax rates.

>"It appears to be the most egregious accounting error in a presidential budget in the nearly 40 years I have been tracking them," Summers wrote in the Washington Post.

>Mick Mulvaney, Trump's budget office director, said his office made other assumptions that were probably too conservative. "We stand by the numbers," he said.

"Trump budget wants to halve oil stockpile, open Arctic refuge to drilling" - http://www.reuters.com/article/us-usa-budget-energy-idUSKBN18J03X

>U.S. President Donald Trump's White House wants to sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years, documents by the administration showed.

>The White House budget, which will be delivered to Congress on Tuesday, is meant as a proposal and may not take effect in its current form. But it reveals the administration's policy hopes, which include ramping up American energy output.

>The U.S. Strategic Petroleum Reserve, the world's largest, holds about 688 million barrels of crude oil in heavily guarded underground caverns in Louisiana and Texas. Congress created it in 1975 after the Arab oil embargo caused fears of long-term motor fuel price spikes that would harm the U.S. economy.

>The Trump budget proposes to start selling SPR oil in fiscal year 2018, which begins on Oct. 1, with sales that would generate $500 million, according to the documents. The sales from the reserve would gradually rise over the following years, peaking at nearly $3.9 billion in 2027, and totaling nearly $16.6 billion from 2018 to 2027.

"Trump's budget proposes converting some military grants to loans" - http://www.reuters.com/article/us-usa-budget-foreign-idUSKBN18J05D
>"We do change a couple of the foreign military programs from direct grants to loans," said Mick Mulvaney, the director of the White House Office of Management and Budget, in a briefing with reporters on Monday. "Our argument was instead of ... giving somebody $100 million, we could give them a smaller number worth of loan guarantees and they could actually buy more stuff."

>Military aid to Israel and Egypt, two close U.S. allies in the Middle East and the biggest recipients of U.S. military assistance, will remain unchanged, Mulvaney said.

>The Wall Street Journal, which first reported the proposal, said the foreign military grants could affect Pakistan, Tunisia, Lebanon, Ukraine, Colombia, the Philippines and Vietnam.

"U.S. farm groups oppose Trump's cuts to agriculture spending" - http://www.reuters.com/article/us-usa-budget-agriculture-idUSKBN18J2TL
>Some of the biggest proposed cuts come from changes to the crop insurance system, which many farmers rely on to keep their operations running.

>"It's clear that this budget was written without input from farmers who would be severely affected," Ron Moore, president of the American Soybean Association, said in a statement.

>But changes in crop insurance that cause farmers to cut back on plantings could provide relief to a global balance sheet heavy with supplies. Falling production could pay off in the long run by helping to lift prices, said Scott Irwin, agricultural economist for the University of Illinois.

>Trump's budget imposes a $40,000 limit on crop insurance premium subsidies, which could prevent some farmers from insuring their entire acreage. There is currently no limit.

>Typically, farmers pay a portion of their insurance premiums and USDA covers the rest, said Jeff Harrison, a lawyer who represents the Crop Insurance Professionals Association.

>"In practical terms, you're really going after full-time farm families."

So he's going after crop insurance subsidies, which disproportionately affects smaller farms. I guess a silver spoon fatass with millions in assets can't understand that.

>>142872
this is kind of funny considering how many crop fields in my area had trump signs by the roadside.

"Paul Ryan sees common ground with Trump budget plan" - http://www.reuters.com/article/us-usa-budget-house-republicans-idUSKBN18J23F
>"At least we now have common objectives: grow the economy, balance the budget. So at least we are now on that common ground, and we will have a great debate about the details about how to achieve those goals," U.S. House Speaker Paul Ryan said at a news conference.

>at least

>>142873
the irony is slapping its dick on my face

>>142862
Fuck tollroads i already pay enough in taxes

>>142878
Private toll roads, too. So they can charge access to a run down road and put $0 of their profit into infrastructure. But hey, at least we get a new road out of it. Hopefully the states will be smart enough to not give up contracts too easily just because limits are lifted. You gotta need a road pretty bad to want to sap your economy like that.

>>142878
>t. Frank Reynolds

So its safe to say that even republicans are gonna throw this proposal in their living room fires for various reason. Moderates reds won't touch these sacred cows and even fiscal hawks are raising a eyes brows at the weird low wall budget proposal

>>142885
What? Why are the Republicans' living rooms on fire?

>>142917
donald keeps playing with matches

This is stupid. Every presidential budget request is DOA by the time it gets to Congress. It doesn't matter if the president is a democrat or republican. None of them get what they want.

Lmao