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May 23, 2017

05/23/2017: Trump’s budget math doesn’t quite add up

They call it “A New Foundation for American Greatness,” we just call it the White House budget proposal. Whatever you want to call it, Trump’s budget guy Mick Mulvaney presented it today with a focus on three percent economic growth. We talked to several experts who say the whole plan is based on assumptions and math that doesn’t quite add up, not to mention a tax plan that isn’t done yet. Then, we’ll dig into the White House’s proposed cuts to the USDA and Obamacare. Plus: how the mess at Penn Station ripples through the economy of the entire East Coast.

Management and Budget Director Mick Mulvaney arrives for a news conference to discuss the Trump Administration's proposed federal budget in the Brady Press Briefing Room at the White House May 23, 2017 in Washington, DC.
Management and Budget Director Mick Mulvaney arrives for a news conference to discuss the Trump Administration's proposed federal budget in the Brady Press Briefing Room at the White House May 23, 2017 in Washington, DC.
Chip Somodevilla/Getty Images

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Segments From This Episode

  • Penn Station is a drag for commuters and the economy

    by Ryan Kailath
    Evening commuters make their way toward a New Jersey Transit train platform at Penn Station in New York City.
    Drew Angerer/Getty Images

    Delays at the train depot ripple through the economy of the entire East Coast, an expert says.

  • The Trump budget’s fuzzy math

    The Trump administration’s budget proposal is coming under fire from economists and tax experts who say it uses some math that just doesn’t add up. In short, there’s a roving $2 trillion in it that nobody can really explain. Click the audio player above to hear the full story.

  • Is selling half of the US petroleum reserve a good idea?

    by Scott Tong

    The Trump administration in its budget proposes to sell off half of the country’s strategic reserve of crude oil. The idea is that putting more than 300 million barrels of energy onto the market could raise more than $16 billion over the course of a decade. Proponents note that the oil market is more open, […]

  • For advocacy groups, the federal budget is mainly a blueprint for battle

    by Kimberly Adams

    The federal budget released today is pretty much a fantasy document that will be dead on arrival when it gets to Congress, economists say. But even scaled back, proposed budget cuts to Medicaid, food assistance and other programs for the poor are likely to tear a hole in the safety net the likes of which […]

  • Inside Trump’s budget, a big cut for Obamacare’s healthcare.gov

    by Dan Gorenstein
    If the proposed cuts to healthcare.gov go through, it will make it that much harder for the millions who use the site to get coverage, said Jessica Altman, chief of staff at the Pennsylvania Insurance Department.
    KAREN BLEIER/AFP/Getty Images

    The site where about 10 million people shop for insurance could get harder to navigate.

  • Rural America weighs the economic realities of proposed federal budget cuts

    by Mitchell Hartman
    Goldendale, Washington, population 3,400, could be impacted by cuts to agriculture, environmental and other federal programs in President Trump's proposed 2018 budget.
    Mitchell Hartman/Marketplace

    President Trump calls for the USDA to be cut by 21 percent. Rural areas have a lot of federal employment and funding at stake.

Music from the episode

They call it “A New Foundation for American Greatness,” we just call it the White House budget proposal. Whatever you want to call it, Trump’s budget guy Mick Mulvaney presented it today with a focus on three percent economic growth. We talked to several experts who say the whole plan is based on assumptions and math that doesn’t quite add up, not to mention a tax plan that isn’t done yet. Then, we’ll dig into the White House’s proposed cuts to the USDA and Obamacare. Plus: how the mess at Penn Station ripples through the economy of the entire East Coast.