5 MUST THINGS ABOUT BUDGET

1 BUDGET DEAL IMPACT

Many presidential budgets are labeled “dead on arrival” because Congress will end up rejecting the spending and tax proposals put forward by the admin. BUT THIS budget was in the unusual position because Congress last week passed a measure to boost the spending limits for defence and domestic programmes.

3 INFRASTRUCTURE

The president wants to use $ 200 billion in federal money over the next decade to support $ 1.5 trillion in new spending to rebuild the nation’s crumbling infrastructure.

2 UNENDING DEFICTS

The administration’s new budget showed a dramatic increase in deficits over the 10year budget window, mainly a reflection of the impact of the $ 1.5 trillion tax cut approved in December.

4 MEDICARE CHANGES

The administration’s budget calls for about $ 500 billion in cuts from projected Medicare spending over the next decade, primarily by trimming payments to hospitals and rehabilitation centers.

5 NASA PLANS

THE BUDGET PROPOSES PULLING NASA OUT OF THE INTERNATIONAL SPACE STATION BY 2025 WITH PRIVATE BUSINESSES RUNNING THE SPACE STATION INSTEAD.