Dean Zerbe’s Statement on the President’s Budget
The White House recently released its first full budget proposal—and as is the case with all proposed presidential budgets, there is little chance that Congress will adopt the proposal as is, let alone a guarantee that even parts of the budget will see the light of day.
However, presidential budgets are still important as they provide a clear indicator of the White House’s priorities and the policies the administration is likely to pursue. Keeping this in mind, here are a few key takeaways from the president’s budget:
Decreasing Federal Spending is the Main Goal
Above all else, the White House is seeking to reduce federal spending, with the administration’s budget projected to reduce spending by $3.6 trillion over the next 10 years. According to the […]