Boots & Sabers

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Owen

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2021, 27 Mar 25

More Cuts to Federal Agencies

Keep it up.

Among the agencies absorbing stiff cuts are the Small Business Administration, at 43 percent, and HUD, at 50 percent, according to the memo, the Washington Post reported. 

 

Cuts at the Education Department, which Trump has asked Secretary Linda McMahon to pare by half, are expected to save $6 billion, with another $1.9 billion coming from cuts at the Justice Department through an 8 percent cut there.

 

The National Science Foundation, long considered funding favorite among members of Congress from both parties, is facing a 28 percent cut, while the Commerce Department is facing a 30 percent.

 

At the Treasury, which includes the Internal Revenue Service, cuts are projected to reach 30 percent. The Post reported Saturday that officials anticipate a drop in tax revenue of more than 10 percent, or $500 billion.

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2021, 27 March 2025

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