Preview of the President's Budget
The President has released a preview of the spending priorities in his FY17 budget, most of which are new although some were proposed in previous years. We collected a list of all the items in the preview, as well as other materials that the President released last week. Stay tuned to our blog for updates on the President’s Budget once it’s released tomorrow at 11 a.m.
|
Initiative
|
Cost |
| Transportation | |
| New transportation initiatives including more TIGER grant funding |
Nearly $20 billion per year
|
| Rewarding state and local innovation; create new Climate Smart Fund; three competitive grants (21st Century Regions program, Clean Communities program, Resilient Transportation Program) |
$10 billion per year
|
| Expanding R&D for clean energy and funding for autonomous vehicles, safe integration of new technologies |
$2 billion per year
|
| Healthcare | |
| Moonshot to eliminate cancer |
$1 billion in FY 2017
|
| Medicaid Expansion to make federal support available for any of 19 states that hasn't already expanded |
No estimate in preview
|
| Excise tax on employer sponsored healthcare |
No estimate in preview
|
| Expand opioid treatment |
$1 billion over two years
|
| Increase DOJ and HHS prescription drug overdose funding |
$90 million in FY 2017
|
| Food, Land, and Water Initiatives | |
| Agriculture and Food Research Initiative |
$700 million in FY 2017 (not new funding)
|
| Land and Water Conservation Fund |
$900 million in FY 2017
|
| Summer Food Benefits for Children |
$12 billion over ten years
|
| Education |
|
| Computer Science for All |
$4.1 billion over three years
|
| Pell Grant Reforms |
$2 billion in FY 2017
|
| Community College Partnership Tax Credit |
No estimate in preview
|
| Work initiatives | |
| Connect Young Americans with Job Skills |
$6 billion
|
| American Talent Compact to attract jobs from overseas | $3 billion |
| Career Navigators to help the long-term unemployed | $1.5 billion |
| Unemployment Insurance reforms |
No estimate in preview
|
| Economic Mobility | |
| Mobility Counseling Pilot |
$15 million in FY 2017
|
| Emergency Aid & Service Connection Grants initiative |
$2 billion in FY 2017
|
| Promise Neighborhoods program funding (DofEd) |
$128 million in FY 2017
|
| Choice Neighborhood program funding (HUD) |
$200 million in FY 2017
|
| Retirement Savings Proposals | |
| Make Multiple Employer Plans more widely available |
No estimate in preview
|
| Triple tax credit for businesses that begin auto-enrollment |
No estimate in preview
|
| Expand savings options for long-term, part-time workers |
No estimate in preview
|
| Require some small businesses to offer IRAs and offer them a tax credit |
No estimate in preview
|
| Make myRA available more widely available |
No estimate in preview
|
| Propose rules to make retirement plan rollovers easier |
No estimate in preview
|
| Foreign assistance | |
| Colombia & FARC Peace efforts |
$390 million in FY 2017
|
| European Reassurance Initiative |
$3.4 billion in FY 2017 (quadruple FY 2016 funding)
|
| FBI headquarters consolidation |
$1.4 billion in FY 2017
|
What's Next
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