Analysis

The Trump Administration released its full budget proposal for fiscal year 2018 (FY18) on May 23, 2017—after providing a preview of the budget proposal (“skinny budget”) in March. If the skinny budget was a sour-tasting appetizer, the full budget is a bitter, acidic and hard-to-swallow main course with the promise of a long-lasting aftertaste. As U.S. Representative Katherine M. Clark (D-MA) said during a budget hearing, “This budget as a whole is a recipe for killing our economy.”