The Preamble

The Preamble

Some Call It Bold. Others Call It Devastating.

Deep cuts to Medicaid, a military parade, and tax cuts -- here's what's inside the new budget proposal.

Sharon McMahon's avatar
Sharon McMahon
May 19, 2025
∙ Paid

Note: This article was updated at 11amET on May 19.

What’s on the menu in the new federal budget proposal? A different version of America. Backed by Trump and most members of the GOP, the plan calls for deep cuts to safety net programs that help low income Americans, like Medicaid, food stamps, and student aid.

And it puts tax cuts, ICE detention facilit…

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