Trump releases detailed budget proposal
April issue of the Advocacy Brief
, ASDA outlined the spending cuts proposed in President Trump's skinny budget. On May 23, Trump released "A New Foundation for American Greatness," which explains his 2018 spending proposals in more detail. In the 62-page document, the president outlines major changes to Medicaid and student loans.
For Medicaid, he recommends cutting spending by $610 billion over 10 years. This is in addition to the more than $800 billion in cuts that would be implemented if the American Health Care Act is signed into law. In order to implement these cuts,
states would receive Medicaid funding by either a per capita cap or block grant system
President Trump also wants to streamline student loan repayment plans. He recommends consolidating all repayment plans into one income-driven repayment plan that would cap borrowers' monthly repayments at 12.5 percent of discretionary income.
Undergraduate debt would be forgiven after 15 years, while graduate debt would be forgiven after 30.
The plan calls for the federal government to stop subsidizing interest on student loans. It would also phase out the public service loan forgiveness program that excuses student loans after borrowers work 10 years in government or at a qualifying non-profit.
Why is this important?
The funding cuts to Medicaid have the potential to halt the progress made on dental care utilization among low-income children. Additionally, the cuts to the student loan program may make pursuing a career in dentistry too costly for low-income borrowers.
While President Trump presents his funding priorities for 2018, Congress approves the final budget. Several members of Congress have indicated that the budget will not be approved as presented.
In April's Advocacy Brief, ASDA stressed that appropriate funding for research institutions like the National Institute of Dental and Craniofacial Research is critical for the advancement of the profession. We've seen Congress respond favorably to concerns from stakeholders within the health care community with the passage of the 2017 appropriations bill.
Therefore it is imperative for you to continue to share your concerns with your members of Congress in order to address the cuts to critical programs outlined in Trump's budget proposal.