The Trump Administration just released their proposed budget, which proposed $3.2 billion in spending cuts and $5.2 billion in total deficit reduction. However, the budget relied on some very flimsy assumptions to get to balance and did not address many parts of the federal government that need reform.
In 2011, our founder and former Senator Tom Coburn released his own deficit reduction report titled, “Back in Black“. This 624-page report outlined how the federal government could reduce the deficit by $9 trillion over ten years and balance the federal budget. While some of the specific funding levels have changed over the last six years, this report still shows what is possible when everything is put on the table – including defense spending, entitlements, and tax loopholes.
Read the report here! Want to skip to specific agencies? Below are links to each section!
Department of Agriculture, Department of Commerce, Department of Defense, Department of Education, Department of Energy, Environmental Protection Agency, Department of Health and Human Services, Department of Homeland Security, Department of Housing and Urban Development, Department of the Interior, Department of Justice, Department of Labor, Small Business Administration, Department of State, Department of Transportation, Department of Treasury, Department of Veterans Affairs