Published: Thu, February 15, 2018
Finance | By Loren Pratt

Trump Says He Plans 'Reciprocal Tax' on Some US Trading Partners

Trump Says He Plans 'Reciprocal Tax' on Some US Trading Partners

U.S. President Donald Trump urged congressional Democrats on Tuesday to make a deal to modernize the country's infrastructure after his plan received critical reviews as lacking enough federal funding, but said he was open to changes.

"He has said everything is on the table in order to achieve those goals".

It will now be up to Congress to debate the infrastructure proposal. "But I'm the director of Office of Management and Budget, and my job is to try and fund the president's priorities, which is exactly what we did".

"The President is asking for major cuts in things like Medicaid and Medicare", she said. The reason infrastructure plans repeatedly fall apart is because Republicans and Democrats will not get behind them. House Minority Leader Nancy Pelosi called the proposal a "brutal collection of broken promises and staggering cuts". The projections in the budget also envision very robust economic growth, so if the economy cools, the budgetary picture will get even worse. Last week, the White House confirmed that the president has asked the Department of Defense to explore what it called a celebration.

Just signed Bill. Our Military will now be stronger than ever before. Trump urged the Congress to draft and pass the infrastructure bill. "The remaining funds will be distributed through rural performance grants to encourage the best use of taxpayer dollars", the White House said.


"These are spending caps, these are not spending floors", he said.

Late previous year, Mulvaney suggested to Fox News' Chris Wallace that budget deficits can be necessary to spur long-term growth. "After so stupidly spending 7 trillion in the Middle East, it is now time to start investing in OUR Country!" At a press conference on February 8 held by several Democrats in the U.S. House of Representatives, Rep.

The president wasn't shy today about where he thinks the bulk of the money for new roads, bridges, and internet connections will come from and why. "It's insane", Trump said. As a general rule, presidential budgets are useless.

Many members of Trump's Republican Party say they are reluctant to add any additional government spending, especially after passing tax cuts. Coming up with that kind of money will not be easy for CT, which is already cash-strapped and struggling to meet its basic infrastructure needs as is.

The proposal also includes $23 billion for border security and immigration enforcement, including $18 billion for a wall along the frontier with Mexico.

Like this: