The President’s budget blueprint could be in line with voters’ priorities and will not result in a massive loss of jobs or a loss of tax revenues, according to an analysis from The Hill.
The Hill has obtained an internal analysis that suggests the President’s plan would cost between $2 billion and $3 billion over 10 years to implement and would create more than 10,000 jobs over the next decade.
The analysis comes amid renewed interest in the plan after House Democrats introduced a resolution calling for the President to unveil the proposal on the first day of his second term in office.
The resolution, introduced by Rep. Seth Moulton (D-Mass.), is a reference to President Donald Trump’s executive order last week that imposed a temporary halt on federal agencies and programs until he delivers a budget proposal for the upcoming fiscal year.
The White House is scheduled to release its budget proposal this month.
The Congressional Budget Office said Tuesday it has not yet evaluated the budget proposal.
It’s the first time the CBO has reviewed the President a budget in 10 years, but experts have criticized the administration for not releasing its proposal before the end of the year.
“There’s a great deal of uncertainty surrounding this plan,” said Josh Greenstein, the deputy director of the nonpartisan Center for American Progress Action Fund.
“In the absence of a specific timeline, we will be following this closely.”
The CBO estimated that the White House would save $2.2 trillion over 10 year period by eliminating $1.8 trillion in federal government spending, including spending on veterans’ benefits and other programs that are critical to the country’s well-being.
The nonpartisan analysis also found that the budget plan would generate $3.3 trillion in additional economic activity, including a 3 percent boost in U.S. gross domestic product.
However, experts say that the administration has yet to show how the plan will be paid for.
The CBO found that $2 trillion in the tax code could be wiped out by the White’s plan.
The budget proposal would add about $2,500 per year for each child under 18, and would save a total of $3,200 per year in the federal government over 10 long years.
The plan would cut about $3 trillion from federal spending by eliminating funding for the Children’s Health Insurance Program, the National Institutes of Health and the National Park Service, among other programs.
It would also eliminate funding for health care for the elderly, reduce funding for child care, eliminate funding to the National Endowment for the Arts and the Childrens Health Insurance program, eliminate the Medicare trust fund, and eliminate the Community Development Block Grant.
The proposal would also dramatically cut funding for other key government programs, such as the National Oceanic and Atmospheric Administration and the U.N. Refugee Program.
“This budget is not a great plan,” Greenstein said.
“The biggest winners are the big Wall Street banks and big drug companies.
The big losers are our veterans and our students.”
The White said in a statement Tuesday that the plan “will create a $3tn boost to economic growth, create a record number of jobs, and increase our national security.”
The statement also said the budget is an effort to “improve the lives of millions of hardworking families.”
Trump’s plan has drawn criticism from Democrats and some Republicans, who have pointed to studies that have found that it would lead to job losses.
A recent report by the Urban Institute found that a 20 percent reduction in the government budget would result in an estimated 14 million fewer jobs in 10-year terms.
It also said that, in a scenario where the President were to implement the plan, it would result, over time, in an additional $7 trillion in lost economic activity over 10 decades.
The report said that in the next 10 years alone, a 10 percent reduction of the budget would lead, over the long term, to an estimated $8 trillion lost in jobs and an additional 2.7 million fewer people in the workforce.
The National Economic Council released a report in March that found that eliminating the federal budget would reduce the GDP of the U,S.
by 0.3 percent over 10 to 15 years, and that a 15 percent reduction would lead the economy to lose 2.4 million jobs.
In April, the Council of Economic Advisers released a study that found a 30 percent reduction from the federal level would lead GDP growth to fall by 0:2 percent over the same period.
The Council also found the plan would cause a decline in GDP growth of 0.4 percent over 20 years.
According to the White, the budget could lead to $1 trillion in tax cuts and savings.
The administration released a draft plan that it says would reduce federal spending to zero by 2025, eliminating nearly all the military, Social Security, and other social programs.
The blueprint also calls for ending the use of military bases overseas and the Federal Emergency Management Agency (FEMA).
It also calls on the White to withdraw the United States