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Trump's Budget for 2018

Highlights of the President Trump's Budget for 2018 proposed on May 23, 2017.

About the page style: This page is crafted in the style of a concordance. A concordance is an alphabetical list of the keywords and the proper Names in a document along with the statements in which those words appear. Click the preceding every statement to go to the pertinent paragraph in the text. The Interactive Index gives the reader a bird's eye view of the content of the document.

on $20 trillion ( national debt in 2016 } : The previous administration's economic policies resulted in a near doubling of the national debt from $10.6 trillion in 2009 to nearly $20 trillion in 2016. The amount of this debt that is publicly held -- that is, the portion that requires financing on the capital markets -- is $14 trillion.

on $20 trillion debt : With a $20 trillion debt threatening generations of American prosperity, our Federal budget must spend every dollar effectively, efficiently, and in ways that make a demonstrable difference for our Nation.

on $14 trillion ( publicly held debt ) : The previous administration's economic policies resulted in a near doubling of the national debt from $10.6 trillion in 2009 to nearly $20 trillion in 2016. The amount of this debt that is publicly held -- that is, the portion that requires financing on the capital markets -- is $14 trillion.

on $10.6 trillion ( debt in 2009 ) : The previous administration's economic policies resulted in a near doubling of the national debt from $10.6 trillion in 2009 to nearly $20 trillion in 2016. The amount of this debt that is publicly held -- that is, the portion that requires financing on the capital markets -- is $14 trillion. on $639 billion -- Department of Defense -- : This Budget, therefore, includes $639 billion for the Department of Defense--a 52 billion increase from the 2017 annualized continuing resolution level.

on $639 billion ( DOD ) : Invest in Defense. The President's Budget includes $639 billion of discretionary budget authority for the Department of-Defense (DOD), a $52 billion increase above the 2017 annualized continuing resolution (CR) level, fully offset by targeted reductions elsewhere.
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on $610 billion ( cut in healthcare ) : States will have more flexibility to control costs and design individual, State-based solutions to provide better care to Medicaid beneficiaries. These reforms are projected to save $610 billion over 10 years.

on $519 billion ( non-defense base ) : For comparison, at the 2017 cap level, non-defense base budget authority is $519 billion and 2.7 percent of GDP.

on $400-$700 billion ( deficit from 2013 to 2016 ) : From 2013 to 2016, deficits diminished from the trillion-dollar peaks, but still remained between $400 and $700 billion. These deficits were still above historical levels prior to the recession, despite coming years.
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on $385 billion ( non-defense budget projection for 2027 ) : As part of the plan to achieve a balanced budget by 2027, the Budget builds on this approach with a 2-penny plan that would reduce non-defense budget authority by two percent each year, to reach approximately $385 billion in 2027, or just over 1.2 percent of GDP.

on $200 billion ( infrastructure funding ) : The President's target of $1 trillion will be met with a combination of new Federal funding, incentivized non-Federal funding, and expedited projects that would not have happened but for the Administration's involvement (for example, the Keystone XL Pipeline ). While the Administration will propose additional funding for infrastructure, those funds will be focused on incentivizing additional non-Federal investments. While the Administration continues to work with the Congress, States, localities, and other infrastructure stakeholders to finalize the suite of direct Federal programs that will support this effort, the Budget includes $200 billion in outlays related to the infrastructure initiative.

on $54 billion ( cut in non-defense discretionary spending ) : The Budget Blueprint outlined a plan to reduce non-defense discretionary spending by $54 billion in 2018.

on $54 billion ( boost in defense spending ) : Reduce the Federal Government to Redefine its Proper Role and Promote Efficiency. The Budget Blueprint for 2018 provided a plan for reprioritizing Federal discretionary spending so that it advances the safety and security of the American people. It included a $54 billion increase in defense spending in 2018, which was fully offset by $54 billion in reductions to non-defense programs. The Budget provides more detail on these spending reductions and provides additional savings and reforms that are necessary to balance the budget by 2027.

on $54 billion ( cut in non-defense discretionary spending ) : The Budget Blueprint outlined a plan to reduce non-defense discretionary spending by $54 billion in 2018.

on $54 billion ( boost in defense funding ) : Reverse the Defense Sequestration. The Budget fully reverses the defense sequestration by increasing funding for national defense by $54 billion above the cap in current law, and fully offsetting this increase.

on $54 billion ( addition to national defense in 2018) : The President began corrective action immediately, ordering a readiness review, requesting $30 billion of additional 2017 appropriations (of which the Congress provided $21 billion ), and developing a budget that adds $54 billion to national defense in 2018.

on $52 billion ( increase for the DOD ) : This includes a $52 billion increase for the DOD, as well as $2 billion of increases for other national defense programs. Since defense sequestration was first triggered in 2013, the world has grown more dangerous due to rising terrorism, destabilizing technology, and increasingly aggressive potential adversaries.

on 44.1 billion ( Homeland Security Dept. ) : Increase Border Security and Investments in Public Safety. The President's Budget includes $44.1 billion for the Department of Homeland Security (DHS) and $27.7 billion for the Department of Justice (DOJ) for law enforcement, public safety and immigration enforcement programs and activities.

on $35 billion ( savings thru reforms ) : As directed in the Core Principles EO, the Secretary of the Treasury, with the heads of the member agencies of the Financial Stability Oversight Council, is conducting a thorough review of the extent to which existing laws,regulations, and other Government policies promote (or inhibit) these Core Principles. The Budget includes $35 billion in savings to be realized through reforms that prevent bailouts and reverse burdensome regulations that hinder financial innovation and reduce access to credit for hardworking American families.

on $10 billion ( cut in cost of environmental regulations ) : This included several environmental regulations, such as the Light Duty Fuel Economy regulations and the Power Plant Mercury regulations that each had estimated compliance costs approaching or exceeding $10 billion per year.

on $1.5 billion ( boost in immigration enforcement ) : Enforce the Nation's Laws. The Budget enhances enforcement of immigration laws by proposing an additional $1.5 billion above the 2017 annualized CR level for expanded detention, transportation, and removal of illegal immigrants.

on $1.5 billion ( boost in Pell Grant aid ) : Year-Round Pell gives students the opportunity to earn a third semester of Pell Grant support during an academic year, boosting total Pell Grant aid by $1.5 billion in 2018 for approximately 900,000 students.

on 2-penny plan : As part of the plan to achieve a balanced budget by 2027, the Budget builds on this approach with a 2-penny plan that would reduce non-defense budget authority by two percent each year, to reach approximately $385 billion in 2027, or just over 1.2 percent of GDP.

on 10-year budget window, : As a result, by the end of the 10-year budget window, when the budget reaches balance, publicly held debt will be reduced to 60 percent of GDP, the lowest level since 2010, when the economic policies of the last administration took effect.

on Airmen, : In 2018, the Budget provides for 56,400 more Soldiers, Sailors, Airmen, and Marines than the end strength planned by the Obama Administration.

on Air Force, : For example, the Air Force, Navy, and Marine Corps would buy 84 new fighter aircraft in 2018, including 70 Joint Strike Fighters and 14 Super Hornets.

on Air Force : Fill Critical Gaps and Build Warfighting readiness. The Administration inherited the smallest Army since before World War II, a Navy and Marine Corps facing shortfalls in maintenance and equipment procurement, and the smallest Air Force with the oldest planes in history.

on American Health Care Act : The Administration applauds the House's passage of the American Health Care Act and is committed to working with the Congress to repeal and replace Obamacare.

on Armed Forces : This defense funding is vital to rebuilding, modernizing, and preparing our Armed Forces for the future so that our military remains the world's preeminent fighting force and we can continue to ensure peace through strength.

on balanced budget : As part of the plan to achieve a balanced budget by 2027, the Budget builds on this approach with a 2-penny plan that would reduce non-defense budget authority by two percent each year, to reach approximately $385 billion in 2027, or just over 1.2 percent of GDP.

on Business Taxes : Highest Business Taxes in the World. The corporate tax rate in the United States is the highest in the Organization for Economic Cooperation and Development (OECD) and one of the highest in the world.

on children : We have borrowed from our children and their future for too long, the devastating consequences of which cannot be overstated.

on corporate income tax : While the Federal corporate income tax in the United States is 35.0 percent, after including State taxes, the rate is 38.9 percent.

on debt : We are fast approaching having publicly held debt at or exceeding 100 percent of our Gross Domestic Product ( GDP ), a point at which hopes for a more prosperous future are irrevocably lost.

on debt : Relative to the economy, publicly held debt at the end of last fiscal year was 77 percent of GDP, nearly double the level of 39 percent of GDP eight years earlier.

on Defense Sequestration. : Reverse the Defense Sequestration. The Budget fully reverses the defense sequestration by increasing funding for national defense by $54 billion above the cap in current law, and fully offsetting this increase.

on deficits : Relative to GDP, these deficits were the largest seen since the Nation was on an all-out war footing during World War II.

on DOD, : This includes a $52 billion increase for the DOD, as well as $2 billion of increases for other national defense programs. Since defense sequestration was first triggered in 2013, the world has grown more dangerous due to rising terrorism, destabilizing technology, and increasingly aggressive potential adversaries.

on DOJ : Additional spending is provided for DOJ to enhance public safety and law enforcement including $214 million above current levels for immigration enforcement -- allowing DOJ to hire 75 additional immigration judge teams, bringing the total number of funded immigration judge teams to 449.

on environmental regulations, : This included several environmental regulations, such as the Light Duty Fuel Economy regulations and the Power Plant Mercury regulations that each had estimated compliance costs approaching or exceeding $10 billion per year.

on Federal detainee population. : In addition, $84 million more is provided for increases in the Federal detainee population.

on fighter aircraft : For example, the Air Force, Navy, and Marine Corps would buy 84 new fighter aircraft in 2018, including 70 Joint Strike Fighters and 14 Super Hornets.

on Food Stamps : As a primary component of the social safety net, SNAP -- formerly Food Stamps -- has grown significantly in the past decade.

on Infrastructure Plan : Provide an Infrastructure Plan to Support $1 Trillion in Private/Public Infrastructure Investment 19

on investment : Low Business Investment. Due to high taxes, high regulations, and poor economic policies, real private nonresidential fixed investment has grown by only 1.3 perceach year ( on a fourth quarter-over-fourth quarter basis) since 2007, compared to 4.9 percent annually before the recession.

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on Joint Strike Fighters : For example, the Air Force, Navy, and Marine Corps would buy 84 new fighter aircraft in 2018, including 70 Joint Strike Fighters and 14 Super Hornets.

on labor force : This is not solely a reflection of an aging population. Even amongst "prime-age" workers ( those aged 25 to 54 years ), participation in the labor force has declined, from 83.1 percent at the end of 2007, to 81.5 percent at the end of 2016.

on labor force participation (LFP) : In December 2007, before the start of the Great Recession, the labor force participation (LFP) rate was 66.0 percent. At the end of 2016, over seven years after the end of the recession, the participation rate was 62.7 percent.

on Light Duty Fuel Economy : This included several environmental regulations, such as the Light Duty Fuel Economy regulations and the Power Plant Mercury regulations that each had estimated compliance costs approaching or exceeding $10 billion per year.

on Marines : In 2018, the Budget provides for 56,400 more Soldiers, Sailors, Airmen, and Marines than the end strength planned by the Obama Administration.
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on Marine Corps : For example, the Air Force, Navy, and Marine Corps would buy 84 new fighter aircraft in 2018, including 70 Joint Strike Fighters and 14 Super Hornets.

on Medicaid's sustainability : The President supports a repeal and replace approach that improves Medicaid's sustainability and targets resources to those most in need, eliminates Obamacare's onerous taxes and mandates, provides funding for States to stabilize markets and ensure a smooth transition away from Obamacare, and helps Americans purchase the coverage they want through the use of tax credits and expanded Health Savings Accounts.

on Navy, : For example, the Air Force, Navy, and Marine Corps would buy 84 new fighter aircraft in 2018, including 70 Joint Strike Fighters and 14 Super Hornets.

on Obamacare, : Repeal and Replace Obamacare. The Budget includes $250 billion in deficit savings associated with health care reform as part of the President's commitment to rescue Americans from the failures of Obamacare, and to expand choice, increase access, and lower premiums.

on Obamacare : • Repeal the 3.8 percent Obamacare surcharge on capital gains and dividends, which further hinders capital formation.

on Pell Grant support : Year-Round Pell gives students the opportunity to earn a third semester of Pell Grant support during an academic year, boosting total Pell Grant aid by $1.5 billion in 2018 for approximately 900,000 students.

on permitting and review : Up to 18 Federal agencies and 35 bureaus are responsible for individual, independent permitting and review

on Power Plant Mercury : This included several environmental regulations, such as the Light Duty Fuel Economy regulations and the Power Plant Mercury regulations that each had estimated compliance costs approaching or exceeding $10 billion .

on recession, : In December 2007, before the start of the Great Recession, the labor force participation (LFP) rate was 66.0 percent. At the end of 2016, over seven years after the end of the recession, the participation rate was 62.7 percent.

on recovery : Overall growth of the economy was subpar even before the last recession and recovery from that recession has been weak.

on Repeal and Replace Obamacare. : Repeal and Replace Obamacare. The Budget includes $250 billion in deficit savings associated with health care reform as part of the President's commitment to rescue Americans from the failures of Obamacare, and to expand choice, increase access, and lower premiums.

on sanctuary jurisdictions : Increases of $188 million are included to address violent and gun-related crime in communities across the Nation and to target transnational criminal organizations and drug traffickers. As part of this increase, $103 million is added to maintain and expand capacity to fight against opioids and other illicit drugs. Further, DOJ will take steps to mitigate the risk that sanctuary jurisdictions pose to public safety. on science : Support the Highest Priority Biomedical Research and Development. The Budget institutes policies to ensure that Federal resources maximally support the highest priority biomedical science by reducing reimbursement of indirect costs (and thus focusing a higher percentage of spending on direct research costs) and implementing changes to the National Institutes of Health's(NIH) structure to improve efficiencies in the research enterprise.

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on ships : The Navy continues to increase its ship count, with the acquisition of eight new battle force ships funded in 2018.

on SNAP. : The survey also showed that of refugees who arrived in the prior five years nearly 50 percent were on Medicaid in 2015, 45 percent received cash assistance, and 75 percent received benefits from SNAP.

on SNAP : As a primary component of the social safety net, SNAP -- formerly Food Stamps -- has grown significantly in the past decade.

on SNAP reforms : The Budget also proposes SNAP reforms that will re-balance the State-Federal partnership in providing benefits by establishing a State match for benefit costs.

on Spending. : Reductions in Federal Spending. We must scrutinize every dollar the Federal Government spends.

on SSN : The Budget also proposes to require a Social Security Number ( SSN ) that is valid for work in order to claim the CTC and EITC. Under current law, individuals who do not have SSNs valid for work can claim the CTC, including the refundable portion of the credit.

on standard deduction : • Expand the standard deduction and help families struggling with child and dependent care expenses.

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on State budgets, : Reform Medicaid. To realign financial incentives and provide stability to both Federal and State budgets, the Budget proposes to reform Medicaid by giving States the choice between a per capita cap and a block grant and empowering States to innovate and prioritize Medicaid dollars to the most vulnerable populations.

on State taxes, : While the Federal corporate income tax in the United States is 35.0 percent, after including State taxes, the rate is 38.9 percent.

on student loan : As this Budget returns us to economic prosperity, it will also allow us to fund additional priorities, including infrastructure, student loan reform, and initiatives to help working families such as paid parental leave.

on Student Loan Programs. : Reform Student Loan Programs. In recent years, income-driven repayment ( IDR ) plans, which offer student borrowers the option of making affordable monthly payments based on factors such as income and family size, have grown in popularity.

on Super Hornets. : For example, the Air Force, Navy, and Marine Corps would buy 84 new fighter aircraft in 2018, including 70 Joint Strike Fighters and 14 Super Hornets.

on Supplemental Nutrition Assistance Program (SNAP) : In doing so, this Budget includes Supplemental Nutrition Assistance Program (SNAP) reforms that tighten eligibility and encourage work, and proposals that strengthen child support and limit the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) to those who are authorized to work in the United States.

on tax : We need to incentivize business investment and reform the tax and regulatory systems that have been headwinds for growth.

on tax : This transition would include a one-time repatriation tax on already accumulated overseas income.

on taxation, : • And, end the penalty on American businesses by transitioning to a territorial system of taxation, enabling these businesses to repatriate their newly earned overseas profits without incurring additional taxes.

on taxes, : Low Business Investment. Due to high taxes, high regulations, and poor economic policies, real private nonresidential fixed investment has grown by only 1.3 percent each year ( on a fourth quarter-over-fourth quarter basis) since 2007, compared to 4.9 percent annually before the recession.

on taxes. : • And, end the penalty on American businesses by transitioning to a territorial system of taxation, enabling these businesses to repatriate their newly earned overseas profits without incurring additional taxes.

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on taxes : Each year, however, Federal agencies issue thousands of new regulations that, taken together, impose substantial burdens on American consumers and businesses big and small. These burdens function much like taxes that unnecessarily inhibit growth and employment.

on taxes : Additional State and local funding for services, including public education, is not captured in the Federal budget, nor are local and State taxes collected from refugees to the Federal Government.

on taxpayer : Just as families decide how to manage limited budgets, we must ensure the Federal Government spends precious taxpayer dollars only on our highest national priorities, and always in the most efficient, effective manner.

on taxpayers : • End the burdensome alternative minimum tax, which requires many taxpayers to calculate their taxes twice.

on taxpayer resources. : Once the net effect of immigration on the Federal Budget is more clearly illustrated, the American public can be better informed about options for improving policy outcomes and saving taxpayer resources.

on tax breaks : • Eliminate most special interest tax breaks to make the tax code more equitable, more efficient, and to help pay for lower business tax rates.

on Tax Code : Simplify the Tax Code and Provide Tax Relief.

on tax rate : Highest Business Taxes in the World. The corporate tax rate in the United States is the highest in the Organization for Economic Cooperation and Development (OECD) and one of the highest in the world.

on tax rate : • Reduce the tax rate on American businesses in order to fuel job creation and economic growth.

on Tax Reform : Tax Reform and Simplification. We must reduce the tax burden on American workers and businesses, so that we can maximize incomes and economic growth.

on tax revenue. : As long as our corporate tax rate is well above other nations, businesses will have the incentive to locate overseas, and America will continue to lose out on both jobs and tax revenue.

on tax system, : We must also simplify our tax system, so that individuals and businesses do not waste countless hours and resources simply paying their taxes.

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on tax system : Going forward, the President is committed to continue working with the Congress and other stakeholders to carefully and deliberatively build on these principles to create a tax system that is fair, simple, and efficient -- one that puts Americans back to work and puts America first.

on towns : Trade Deals That Have Exported American Jobs. All across America, there are cities and towns devastated by unfair trade policies.

on trade : We need trade practices that will stimulate American exports and jobs.

on Trade Deals : Trade Deals That Have Exported American Jobs. All across America, there are cities and towns devastated by unfair trade policies.

on trade deals : Horrible trade deals from prior administrations have stripped wealth and jobs from our Nation.

on trade deficits : Persistent trade deficits go hand in hand with a stagnant recovery and our trade deficits have increased: net exports were about -1 percent of GDP in the early 1990s; they were -3.4 percent of GDP in 2016.

on trillion-dollar : From 2009 to 2012, the budget ran trillion-dollar deficits ranging in size from 6.8 percent to 9.8 percent of GDP, a standard measure of the size of deficits relative to the economy.

on trillion-dollar : From 2013 to 2016, deficits diminished from the trillion-dollar peaks, but still remained between $400 and $700 billion. These deficits were still above historical levels prior to the recession, despite coming years after the recession ended.

on troops : These troops are needed to fill gaps in or combat formations, man essential units previously scheduled for divestment, and provide critical enablers.

on UI : Using the Unemployment Insurance ( UI ) system as a base, the proposal will allow States to establish paid parental leave programs in a way that is most appropriate for their workforce.

on unemployment : However, despite improvements in unemployment since the recession ended, SNAP participation remains persistently high.

on Unemployment Insurance : Using the Unemployment Insurance ( UI ) system as a base, the proposal will allow States to establish paid parental leave programs in a way that is most appropriate for their workforce and economy.

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on Unemployment Trust Fund : he proposal is fully offset by a package of sensible reforms to the UI system -- including reforms to reduce improper payments, help unemployed workers find jobs more quickly, and encourage States to maintain reserves in their Unemployment Trust Fund accounts.

on VA : The Administration will work with the Congress to improve this program and implement bold change so that the Department of Veterans Affairs ( VA ) continues to provide the services and choices veterans have earned.

on VA : Through these tradeoffs, VA will focus its budgetary resources on providing veterans with the most efficient and effective care and benefits.

on veterans, : This Budget also increases funding to take care of our great veterans, who have served their country with such honor and distinction.

on violent offenders : It follows through on my promise to focus on keeping Americans safe, keeping terrorists out of our Nation, and putting violent offenders behind bars.

on wages : Due to the slow recovery and over-burdened job creators, American workers and their families have not seen significant gains in their wages in recent years.

on wages : From the end of 2007 to the end of 2016, real GDP grew by 12.1 percent, but real wages grew by only 7.7 percent.

on wages : In 2016, real hourly wages for production workers grew by only 0.5 percent (on a December-over-December basis).

on wall, : These funding increases will provide additional resources for a southern border wall, expanded detention capacity, and initiatives to reduce violent crime, as well as more immigration judges, U.S. Immigration and Customs Enforcement officers, and Border Patrol agents.

on Wall Street Reform : These "independent agencies" issue the majority of burdensome financial regulations, including the vast majority of the cost of compliance with the Dodd-Frank Wall Street Reform and Consumer Protection Act ( the Dodd-Frank Act ).

on war, : That would mean the publicly held debt will continue to mushroom and soon place the Nation in uncharted fiscal territory, unable to weather unexpected events such as recession or war, and vulnerable to fiscal and economic crises.

on Warfighting readiness. : Fill Critical Gaps and Build Warfighting readiness. The Administration inherited the smallest Army since before World War II, a Navy and Marine Corps facing shortfalls in maintenance and equipment procurement, and the smallest Air Force with the oldest planes in history.

on warfighting readiness. : These funds will begin years of increased investment to end the depletion of our military and build warfighting readiness.

on wealth : Horrible trade deals from prior administrations have stripped wealth and jobs from our Nation.

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on weapons systems. : Funds also recapitalize, modernize, and enhance weapons systems.

on weapon system : The Budget prioritizes readiness, funding critical shipyard requirements, accelerating depot maintenance and weapon system sustainment, enhancing training, growing our cyber workforce and capabilities, and restoring degraded infrastructure.

on Welfare Reform. : Welfare Reform. We must reform our welfare system so that it does not discourage able-bodied adults from working, which takes away scarce resources from those in real need.

on Welfare Reform. : Provide a Path Toward Welfare Reform. The Budget provides a path toward welfare reform, particularly to encourage those individuals dependent on the Government to return to the workforce.

on welfare reform : • A new foundation that creates a pathway to welfare reform that is focused on promoting work and lifting people out of poverty.

on work : To unleash the power of American work and creativity -- and drive opportunity and faster economic growth -- we must reprioritize Federal spending so that it advances the safety and security of the American people.

on workers, : We will adopt commonsense proposals that protect American workers, reduce burdens on taxpayers and public resources, and focus Federal funds on underserved and disadvantaged citizens.

on workers : Tax Reform and Simplification. We must reduce the tax burden on American workers and businesses, so that we can maximize incomes and economic growth.

on workers : Due to the slow recovery and over-burdened job creators, American workers and their families have not seen significant gains in their wages in recent years.

on workers : This is not solely a reflection of an aging population. Even amongst "prime-age" workers ( those aged 25 to 54 years ), participation in the labor force has declined, from 83.1 percent at the end of 2007, to 81.5 percent at the end of 2016.

on workforce. : Provide a Path Toward Welfare Reform. The Budget provides a path toward welfare reform, particularly to encourage those individuals dependent on the Government to return to the workforce.

on workforce : During the first 100 days of this Administration, the Office of Management and Budget issued guidance that takes steps to implement the President's charge to reorganize agencies and reduce the Federal workforce to begin the work of creating a leaner, more accountable, less intrusive, and more effective Government.

on workforce : Rather than setting arbitrary targets, the Administration tasked each agency to determine workforce levels that align with effectively and efficiently delivering its mission, including planning for funding levels in the President's Budget.

on workforce : Using the Unemployment Insurance ( UI ) system as a base, the proposal will allow States to establish paid parental leave programs in a way that is most appropriate for their workforce and economy.

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on World War II, : Fill Critical Gaps and Build Warfighting readiness. The Administration inherited the smallest Army since before World War II, a Navy and Marine Corps facing shortfalls in maintenance and equipment procurement, and the smallest Air Force with the oldest planes in history.

on World War II. : This run-up in debt over the last eight years brought it to a level that we have not seen since shortly after World War II.

on World War II. : Relative to GDP, these deficits were the largest seen since the Nation was on an all-out war footing during World War II.

on World War II to 2007, : From World War II to 2007, the average fourth quarter-over-fourth quarter growth rate was 3.5 percent. Over the last nine years, average growth has been 1.3 percent.

on Year-Round Pell : Year-Round Pell gives students the opportunity to earn a third semester of Pell Grant support during an academic year, boosting total Pell Grant aid by $1.5 billion in 2018 for approximately 900,000 students.

There are 125 entries in Concordance to the United States Budget for 2018

6/12/2017 x381 t35 Last updated: Oct 8, 2017

Index to Trump's Budget for 2018

This Index is supplemented by The Highlights of Trump's 2018 Budget.

About the index: The 55 links in the index precede the 125 statements in the Highlights section. Click on a link to go to the beginning of a cluster of related statements. For example click on the link "cybersecurity(5)" and you will find 5 statements containing the terms cybercrime, cybersecurity, cyber attack and cyber workforce.

$20 trillion in debt(4) Air Force(2) American Health Care Act(1) Armed Forces(2) balance(6) benefits(3) billion(29) border(5) budget deficit(2) business taxes(2) children(7) cybersecurity(5) debt(2) defense(5) deficit(6) DOD(3) environment(1) fighter aircraft(1) Fighters, Joint Strike(1) investment(1) Joint Strike Fighters(1) labor(2) Light Duty Fuel Economy(1) Marine Corps(3) Medicaid(4) Navy(2) Obamacare(2) Pell Grant(1) permitting process(1) Power Plant Mercury(1) recession(1) recovery(1) sanctuary jurisdictions(1) science(1) SNAP(2) SSN(1) spending(1) standard deduction(1) student loan(3) taxation(21) title of this Budget(1) trade(4) unemployment(3) VA(4) wages(3) wall(1) Wall Street(1) war(3) weapons systems(2) welfare reform(3) workforce(10)

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