Fighting for a U.S. federal budget that prioritizes peace, economic security and shared prosperity
LA Times Graphics Staff
The White House released its “skinny budget,” a simplified version of the administration’s federal budget proposal for the 2018 fiscal year. It differs radically from President Obama’s budget proposals and includes large cuts in discretionary spending and additional money for defense.
President Trump’s first budget does not touch mandatory spending programs like Social Security, Medicare and Medicaid. Only annual discretionary spending, which makes up about a quarter of the total budget, was addressed by the president for the 2018 fiscal year, which begins Oct. 1. His proposals on taxes and any changes in mandatory spending laws will come out in a more detailed budget later.