March 16th, 2017 by WCBC Radio
Today President Trump released his first budget proposal, outlining his blueprint for the next fiscal year. The White House budget includes drastic cuts to domestic programs, including large reductions in education grants, transportation, science and research, economic development programs, and assistance to the poor. President Trump’s budget includes a 19% cut to the National Institutes of Health, a complete elimination of federal support for Chesapeake Bay cleanup and an elimination of the Appalachian Regional Commission (ARC), an agency tasked with boosting economic development in Appalachia, including the three western most counties in Maryland. In 2016 alone, local projects in Garrett, Allegany and Washington County received over $1.8 million in ARC funding.
According to analysis by Moody’s Analytics reported in the Washington Post, President Trump’s budget proposals could increase unemployment in the capital region by 1.8%, reduce personal income by 3.5% and lower home prices by 1.9%.
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