Which programs will receive extra funding in the fiscal 2018 budget?
The White House on Thursday said the budget blueprint for fiscal 2018 would add $1.5 trillion to the federal debt, as well as $5.4 trillion in new spending.
But that $1 trillion in spending, the first installment of a $4.1 trillion package, would come as a big relief to taxpayers who rely on the federal government for nearly all their income.
The budget blueprint released Thursday included a $1,000 tax credit for families making more than $250,000.
The credit would expand to $2,000 for families earning more than that.
And the budget would extend the child tax credit from $1 to $1.,000, increasing the child benefit to $3,000 from $2.25.
The $5 trillion in additional spending in the blueprint would increase spending for health care, education, public safety and infrastructure.
It would also include $1 billion for a new program to help businesses hire new employees, $200 million to support state and local governments in the areas of cybersecurity and energy efficiency, and $200 billion to support rural America.
And as part of its infrastructure spending, President Trump also proposed a $100 billion tax credit to help Americans get their water and sewer service repaired and replaced.
The plan was welcomed by Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi.
Schumer said it was a “good step” to provide more help to Americans.
The Democratic leader said she was “very pleased” that the plan would give businesses, homeowners, and others “incentives to hire new people, expand their payrolls, and keep more Americans employed.”
“This is not just another trillion-dollar infrastructure bill,” Pelosi said.
“This plan helps millions of families get back on their feet, help millions of Americans get back to work, and is the best way to pay down the national debt.”
Sen. Chris Coons, D-Del., also welcomed the funding.
“It’s a step in the right direction, it’s a good first step,” Coons said.
“I think it will go a long way to getting our country back on track and to getting things done.”