President Donald Trump’s Administration plans to gut funding to healthcare and medical research, according to a 2018 budget published online and rapidly withdrawn on Monday. The administration’s proposal reverses the damaging trends from previous administrations by putting our nation’s budget back into balance and reducing our debt through fiscally conservative principles, all the while delivering on President Trump’s campaign promise not to cut Social Security retirement or Medicare. To achieve balance, the plan by White House budget director Mick Mulvaney relies on optimistic estimates of economic growth, and the surge in revenues that would result, while abandoning Trump’s promise of a “massive tax cut.”

Instead, the Trump tax plan promises an overhaul that would cut tax rates but rely on erasing tax breaks and economic growth to end up as “revenue neutral.” It would create three tax brackets — 10 percent, 25 percent and 35 percent — instead of the current seven.
The White House releases a proposed budget that includes an increase in spending for the military but a decrease in healthcare and welfare.