"Devolving the federal government's funding responsibility to cash-strapped states and municipalities will leave too many projects and jobs behind", said Larry I. Willis, president of the Transportation Trades Department of the AFL-CIO.
In remarks at the White House, Trump cited 'the critical need to rebuild America's crumbling infrastructure and said his proposal would 'spur the biggest and boldest infrastructure investment in American history. Consider that just last week, Congress passed a two-year budget (one that had been due last October 1) that largely ignores Trump's budget from last year.
That measure, approved early Friday, rewrote Trump's new budget even before it was officially submitted.
U.S. President Donald Trump speaks to attendees as he departs his infrastructure initiative meeting at the White House in Washington, U.S., February 12, 2018. And most importantly, it's shared with the American people and by the American people.
Phillips 66 to Buy Back $3.3 Billion of Its Stock From Berkshire
Warren Buffett's company is selling 35 million shares of its Phillips 66 stock back to the oil refiner for $3.3 billion. Cash from these expansions will eventually flow up to Phillips 66 as they come on line in the coming years.
Republican Congressman Ed Royce, chair of the House Foreign Affairs Committee, while welcoming some reforms in overseas development finance, protested against the proposed cuts to the State Department budget. The 2019 draft budget cuts $451 million from health professions training and eliminates 14 such programs, according to the document.
The President's plan would use $200 billion in federal money to leverage local and state investments for roads, bridges, airports and other infrastructure needs.
While running for president in 2016, Trump pledged to leave popular benefit programs such as Medicare and Social Security untouched, but his new budget proposal would reduce Medicare spending by $236 billion over the next 10 years. If enacted, his plan would establish annual $1 trillion-plus deficits, a major reversal for Republicans who objected to increased spending during the Obama administration. The president's plan seeks to drop HHS' Community Services Block Grant program, which aims to address poverty; cut the Temporary Assistance for Needy Families by 10% from 2017 levels; and cut $17 billion from the federal food stamp program. It also provides for $686bn in spending on military programs and for maintaining the USA nuclear arsenal.
"This budget lays out a thoughtful, detailed, and responsible blueprint for achieving our shared agenda", Ryan said in a statement on Monday.