 President Trump, left, and Treasury Secretary Steven Mnuchin walk down the hall of the Treasury Department on Friday, April 21. Photographer: Pete Marovich/Bloomberg By Damian Paletta President Trump on Tuesday proposed a new process for closing numerous military bases, the elimination of government funding for public radio and television, and cuts of more than $1 billion to after-school programs. He called to weaken the Consumer Financial Protection Bureau (CFPB), defund several programs that study climate change, cut research on infectious diseases and reduce the Strategic Petroleum Reserve by 50 percent. Much of the focus on Trump's $4.094 trillion budget plan has been on the large reductions in safety net programs such as Medicaid and the Supplemental Nutrition Assistance Program, but there are dozens of smaller budget cuts that, in aggregate, would amount to a major realignment of the government's role in society. Aside from national defense and border security, Trump's plan would put the onus on states, companies, churches and charities to offer many educational, scientific and social services that have long been provided by the federal government. Read the rest on Wonkblog.
Chart of the day Trump's plan for the budget would almost certainly increase inequality, which is already at historically elevated levels. Max Ehrenfreund has more.
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