Trump's 2026 Budget: $163 Billion In Cuts Slash Science, IRS, EPA, Energy And Subsidies For Poor (Live Updates)

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Trump's 2026 Budget: $163 Billion In Cuts Slash Science, IRS, EPA, Energy And Subsidies For Poor (Live Updates)

^{Published on 2025-05-03 11:42:12 - Forbes}

The White House revealed details of Trump's budget request to Congress Friday
though defense spending will increase.

In a proposed 2026 budget, former President Donald Trump aims to cut $163 billion from various federal programs, targeting significant reductions in funding for science, the IRS, the EPA, energy initiatives, and subsidies for low-income families. The budget plan includes a 30% cut to the Environmental Protection Agency's budget, reducing it to $6.1 billion, and a 14% reduction for the Department of Energy, bringing its budget to $31.7 billion. Additionally, the National Institutes of Health would see a 20% cut, dropping to $32 billion, while the IRS would face a 25% budget slash to $10.4 billion. Trump's proposal also seeks to eliminate the Low Income Home Energy Assistance Program (LIHEAP) and reduce funding for other social safety net programs, reflecting his administration's focus on reducing government spending and regulatory oversight.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/saradorn/2025/05/02/trumps-2026-budget-163-billion-in-cuts-slash-science-irs-epa-energy-and-subsidies-for-poor/ ]

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Trump's 2026 Budget: $163 Billion In Cuts Slash Science, IRS, EPA, Energy And Subsidies For Poor (Live Updates)