- Created: Thursday, 25 May 2017 11:45
On Tuesday, the Trump administration released its highly anticipated Fiscal Year 2018 budget proposal. To fund tax cuts that benefit America's wealthiest residents, President Trump's budget plan slashes key programs that allow families to keep roofs over their heads and food on the table.
Of course, no one believes these cuts will become reality. Many sources in Washington, including members of the president’s own party, say the budget proposal is “dead on arrival.” But members of Congress do see the President's budget as a set of goals — and analysis from the National Low Income Housing Coalition emphasized that "advocates are deeply concerned that Congress could try to pass deep – but less severe –
cuts as a compromise."
Below is a summary of cuts contained in the budget proposal and the Trump administration rationale for those cuts. Look for a Minnesota-specific analysis on the impact of the Trump budget on housing soon.