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Detailed text transcripts for TV channel - FOXNEWS - 20170523:13:44:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20170523:13:44:00

>> shannon: as news continues to break overseas, here at home president trump's first budget proposal came out this morning. the white house looking to cut more than $3 1/2 trillion in government spending over a 10-year period. that includes $800 billion from medicaid, a $193 billion reduction in food stamps but social security and medicare are not going to be touched. all of this hinges on a tax reform plan that no one has seen. we spoke about that and much more earlier with house majority leader kevin mccarthy. >> shannon: before we get to the details of the budget and other things we want t...

Detailed text transcripts for TV channel - FOXNEWS - 20170523:18:39:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20170523:18:39:00

Year, $616 billion come from medicade, children's insurance programs. $193 billion food stamp.$143 bi financial aid. do you object to any of this? >> well, two points. matt said something i want to respond to which is that, you know, we tried this strategy that donald trump is proposing in the bush administration. we had big tax cuts and defense increases. what we ended up with was a great recession, financial collapse. we're trying exactly the same economic strategy again. i worry that we'll end up with the same results. in terms of the spending cuts, they disproportionately fall on trump vot...

Detailed text transcripts for TV channel - CNN - 20170523:17:37:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20170523:17:37:00

Help get off of those programs. >> tammy is joining us from cnn money right now. tammy, some are calling this the tanks and tax cuts. tell us about some of the bigger proposed cuts put forward by the trump administration. >> he is really taking an axe to a lot of social programs. they have a whole section about reforming the welfare system where they would cut $274 billion out of it. a lot of it would hit food stamps. it would hit disability. these are programs trump supporters rely on but the big cuts come from medicaid. $610 billion listed in the budget and that mayor may not be on top of cu...

Detailed text transcripts for TV channel - CNN - 20170522:20:29:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20170522:20:29:00

What's your body of proof? welcome back to "the lead." testimony with politics. programs helped low-income children and families could take a hit. his budget blueprint comes out tomorrow. we had a preview and now swe have specifics. it's set to cut s.n.a.p. and food stamps. an administration official suggest the last week this program would likely remain untouched. what are the proposed changes? >> exactly right. doesn't appear to be true. if you look specifically at the food stamp project, the s.n.a.p. program, the administration is going to propose $193 billion in cuts over a ten year peri...

Detailed text transcripts for TV channel - FOXNEWS - 20170522:20:01:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20170522:20:01:00

Was falling apart. let's talk about what is going on behind the scenes at the white house. kristin fisher with the latest. >> neil, the full budget won't be released till tomorrow. we're getting a sense for who the big winners and losers are thanks to the outline that president trump released in march. you may remember, the big winner in that outline was the pentagon. the president proposed increasing defense spending by $54 billion. that is more money for national security, border security and law enforcement. to pay for it, he suggested steep cuts to education, epa and foreign aid and now ma...