The budget is designed to eliminate the federal budget deficit in 10 years, half the time of his 20-year proposal from last year. He says the feat is less difficult thanks to changes from sequestration and a tax raise that took effect at the start of the year.
Elements of the plan include a means-tested approach to Medicare that would give smaller subsidies for wealthy seniors and converting Medicaid into a block-grant program for states to use for their self-designed programs that would save $770 billion from the Medicaid program over the next decade, according to the report.
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