The new U.S. budget does not involve cuts in social spending
Contrary to expectations, the planned budget of the United States does not imply reducing spending on major social programs, including payments for social security and Medicare health insurance, said Finance Minister Steven Mnuchin.
The Finance Minister said that during his first address to Congress, U.S. President Donald trump announces plans to reduce taxes for the middle class and small businesses, and will offer lower lending rates.
Live Fox News Mr. Mnuchin pointed out that the administration “will not touch” social spending. “So don’t expect to see it in the budget”, — said the Minister, adding that the country’s leadership is “carefully studying” all possible changes in the system of state funding “in all aspects”.
Recall that one of the main social programs of the US government, Affordable Care, Obamacare is also known as by the name it was started in President Barack Obama, is expected to be finally abolished until the end of 2017. The Republican majority of Congress voted in support of the decree, which President Donald trump signed on January 21.