The fiscal year 2020 budget submitted by President Donald Trump includes a couple of points sure to ignite debate in the budgetary process. The proposal includes imposing additional work requirements on Supplemental Nutrition Assistance Program recipients. The Hagstrom Report says the proposed budget also imposes work requirements on recipients of Medicare and federal housing benefits. The work requirements will likely reduce Medicare program participation.
That is part of the administration’s plan to reduce federal mandatory and discretionary spending. A senior administration official says that these are the biggest proposed cuts made by any president in history. However, Congress generally doesn’t follow presidential budgets when they write appropriation bills. The budget proposal is typically seen more as a statement of the administration’s priorities.
The proposed budget will cut back on farm subsidies paid out to farmers in the highest income brackets. It would also reduce the average premium crop insurance subsidy from 62 percent to 48 percent. It also limits commodity, conservation, and crop insurance subsidies to producers that have an adjusted gross income of $500,000 or less.
USDA export numbers compiled by the U.S. Meat Export Federation show U.S. beef exports in 2018 topped both volume and value records that were set in 2017. Pork export volume came up just shy of the 2017 record and the value also fell one percent. Strong demand in South Korea, Japan, Taiwan, and the Asian region helped drive beef exports seven percent higher in 2018, coming in at 1.35 million metric tons. Export value climbed to $8.33 billion, 15 percent higher than in 2017.
Two separate government agencies will come together to regulate the new market of lab-grown meat. The Washington Examiner says the Food and Drug Administration and the USDA Food Safety and Inspection Service will share regulation of the products. Scientists will create products by multiplying animal cells to mimic traditional chicken, pork, beef, and fish. The products will have to be approved by both agencies before they’ll be allowed in stores.
The Congressional Research Service is looking into whether or not President Trump can legally withdraw from the North American Free Trade Agreement on his own. Politico says it’s a question the trade world would like an answer to sooner rather than later. Can the president withdraw without Congressional support? Politico says the answer is unclear.
Politico says the Trump Administration is taking an unusual approach, for this administration, in trying to talk lawmakers into supporting the U.S.-Mexico-Canada trade deal. They’re following a “traditional playbook.” White House officials have dozens of meetings with rank-and-file lawmakers as they try to “charm” Democrats into getting behind the trade agreement.
Delegates to the National Farmers Union convention in Washington reaffirmed the organization’s commitment to addressing climate change. However, they’ve said no to a proposal asking the organization to get involved with the Green New Deal supported in Congress. A DTN report says the Farmers Union has long supported addressing climate change.
As the Trump administration works towards an agreement with China to end the tit-for-tat trade war put in place by the Trump administration, the federal government Wednesday reported the trade deficit in goods with China set a record in 2018. The trade gap rose to $419.2 billion in 2018, from the previous record of $375.5 billion in 2017, according to the U.S. Commerce Department.