Two days ahead of President Trump’s Tuesday evening address to Congress, Treasury Secretary Steve Mnuchin revealed Sunday the White House’s first budget proposal will not include any cutbacks in spending on entitlement programs.
Preferring to center on areas other than entitlements, Mnuchin relayed economic growth, corporate and individual tax reform, and regulatory relief remain of paramount concern to the administration and told Fox News Sunday Morning Futures host Maria Bartiromo domestic programs are off the budgetary chopping block.
“We are not touching those [entitlements] now. So don’t expect to see that as part of this budget, OK. We are very focused on other aspects and that’s what’s very important to us. And that’s the president’s priority,” Mnuchin said.
Over fears his budget proposals would slash spending on Medicare and Social Security, Donald Trump, as a candidate, vowed to protect entitlement programs; he repeated his pledge in a February 2016 GOP debate, saying:
“We’re not going to hurt the people who have been paying into Social Security their whole life, and then all of a sudden they’re supposed to get less.”
Hinting at what to expect the president to address during his speech to the nation on Tuesday, Mnuchin said Trump would “touch on tax reform” and advance policy proposals designed to “create a level playing field for U.S. companies to be able to compete in the world.”
Mr. Trump is to make his first appearance in front of a joint-congressional session on Tuesday evening at 9 p.m. EST.
[Reuters] [Daily Signal] [Washington Examiner] [Photo courtesy Flickr/Fifth World Art via PBS.org]