My entry today is part of a continuing effort to document Trump administrations actions to deregulate and downsize in the hope that the good from deregulation and government downsizing will dominate the bad potentially done by tariffs.
(p. A1) President Trump on Friday [May 2, 2025] proposed slashing $163 billion in federal spending next fiscal year, a drastic retrenchment in the role and reach of government that, if enacted, would eliminate a vast set of climate, education, health and housing programs, including some that benefit the poor.
Issuing his first budget proposal since returning to office, Mr. Trump sketched out a dim view of Washington. His blueprint depicted many core government functions as woke, weaponized, wasteful or radical, as the president looked to justify his request that Congress chop domestic spending to its lowest level in the modern era.
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(p. A17) For Mr. Trump, the budget served to formalize his conservative vision and his disruptive reorganization of the government, a campaign that has already shuttered entire agencies and dismissed thousands of federal workers without the explicit approval of Congress.
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. . ., many Republicans have echoed Mr. Trump’s desire to slash federal spending, though warring G.O.P. factions have disagreed at times over the exact scope.
Party lawmakers have also raced to identify potentially trillions of dollars in cuts that they can include to finance a related package that would expand a set of expiring tax cuts for families and businesses, one of the president’s signature — and costliest — economic policy priorities.
For the full story see:
(Note: ellipses, and bracketed date, added.)
(Note: the online version of the story has the date May 2, 2025, and has the title “Trump Proposes $163 Billion in Cuts Across Government in New Budget.”)