Trump outlines a significant Social Security cut in his 2020 budget

This past Monday, March 11, President Trump unveiled his fiscal 2020 budget proposal for the federal government. As a reminder, fiscal years for the federal government end on Sept. 30 and begin on Oct. 1. Unveiling a budget months in advance of the actual implementation is supposed to allow Congress to make tweaks, as needed, to get a yearlong budget passed.

Trump's 2020 budget featured a lot of talking points (as presidential budgets often do), a number of which came under harsh criticism by members of the Democratic Party.

In particular, political opponents of the president focused on a handful of proposed cuts to social programs, which go against Trump's campaign promises in 2016 not to touch so-called entitlement programs like Medicare and Social Security.

Contained within the president's budget were calls for about $1.5 trillion in cuts to Medicaid over the next 10 years, which would be achieved by moving payouts to block grants; an $845 billion reduction to Medicare spending over the next decade that targets a decrease in wasteful spending via lower prescription drug costs; and -- surprise -- a roughly $26 billion decrease in Social Security spending over the next 10 years.

https://www.msn.com/en-us/money/retirement/trump-outlines-a-significant-social-security-cut-in-his-2020-budget/ar-BBUKQ48?li=BBnb7Kz