Trump Proposes to Cut Medicare and Spend Big on Wall, Defense

  • Lawmakers already acted to raise military, domestic spending
  • Immigration enforcement a major theme of 2019 proposal
Bloomberg’s Michael McKee discusses Trump’s fiscal 2019 budget proposal.Markets: European Close." (Source: Bloomberg)
Lock
This article is for subscribers only.

President Donald Trump will propose cutting entitlement programs by $1.7 trillion, including Medicare, in a fiscal 2019 budget that seeks billions of dollars to build a border wall, improve veterans’ health care and combat opioid abuse and that is likely to be all but ignored by Congress.

The entitlement cuts over a decade are included in a White House summary of the budget obtained by Bloomberg News. The document says that the budget will propose cutting spending on Medicare, the health program for the elderly and disabled, by $237 billion but doesn’t specify other mandatory programs that would face reductions, a category that also includes Social Security, Medicaid, food stamps, welfare and agricultural subsidies.