His [Trump] proposal would shave 1 percent off the government's discretionary, nondefense spending each year. But since he's excluding programs such as Social Security and Medicare, the cuts would affect only about 16 percent of the total federal budget. "This is more than just tinkering," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. "Achieving those savings will require more than just finding efficiencies. It will require tough choices over which programs to scale back and it still leaves the most problematic parts of the budget untouched."
The Washington Post wrote that Trump’s plan was similar to one pushed by advocates, and then President Bill Clinton, in the late 1990s called “Baby UI,” for “unemployment insurance.”As for paying for it, the Committee for a Responsible Federal Budget estimated in a June report that neither candidate had proposed ways to fully pay for all of their spending plans, but Clinton had come closer. CRFB didn’t give estimates for Trump’s plans on those topics, because he hadn’t yet announced them. But it still found that Trump came up $11.5 trillion short in paying for his plans over 10 years, mainly because of the tax cuts he has proposed.
“It’s still very pie-in-the-sky,” said Marc Goldwein, senior vice president for the Committee for a Responsible Federal Budget, a nonpartisan group that advocates keeping government budgets under control.
Marc Goldwein, the senior policy director of the nonpartisan Committee for a Responsible Federal Budget, said Trump is "relying on very rosy economic assumptions that I don't think are going to come to fruition."
More than half that would be recouped thanks to looser regulations and the touted “America First” trade benefits. The rest, $800 billion, Trump says can be saved with gradual cuts to spending in areas other than Social Security, Medicare and defense, though he hasn’t said where. These figures, however, don’t take account of the potential costs of other policies, like deporting up to 11 million illegal immigrants and otherwise strengthening America’s borders. Trump’s separate proposals for defense would also cost more than at present – an additional $150 billion, according to the Committee for a Responsible Federal Budget.
Although the deficit would also rise somewhat under Clinton, despite her plans to increase taxes on the wealthiest, the increase under Trump would be much greater,according to the bipartisan Committee for a Responsible Federal Budget.
The Committee for a Responsible Federal Budget has crunched the numbers and determined what Donald Trump’s and Hillary Clinton’s budget proposals would mean for the U.S. government’s fiscal situation. The accompanying chart shows the CFRB’s projections for the next 10 years based on how the candidates’ campaign proposals stood going into each party’s national convention. Although the CFRB projects that the U.S. budget deficits will grow only slightly faster under Clinton’s proposals than under current law, this would nevertheless make the nation’s fiscal outlook considerably worse.
Republican presidential candidate Donald Trump says he would replace the law with a tax deduction to help people buy insurance coverage. The bipartisan Committee for a Responsible Federal Budget said Trump’s plan would cause almost 21 million people to lose insurance while adding to the deficit. Democrat Hillary Clinton’s proposals include increasing subsidies for plans sold on the exchange, allowing those older than 55 to purchase Medicare plans and giving the federal government the ability to block large premium increases. The Committee for a Responsible Federal Budget estimates Clinton’s plans would add to the deficit.
Donald Trump dreams of big spending, but when it comes to paying for his plans, he’s tougher to pin down — often ending up pointing to waste, fraud and abuse as pots of money to be tapped. The only problem, budget analysts say, is that while waste exists, getting at it is not as easy as Mr. Trump says. “While there is certainly waste, fraud and abuse, in the budget, it’s one of the central myths of the campaign — mostly in the Republican primary — that our budget problems can be fixed if we just rooted out all the fraud,” said Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt.
Clinton has also called for paid family leave. Her plan would provide 12 weeks of paid leave, with workers earning two-thirds of their salary while they’re gone. The Committee for a Responsible Federal Budget estimates this program would cost $300 billion over 10 years — about $30 billion per year. To pay for it, Clinton has proposed higher taxes on the wealthy.