The Trump Administration's comprehensive Fiscal 2018 budget, released Tuesday, again proposes eliminating the Community Development Financial Institutions program, and includes as a plan to make the CFPB subject to the annual appropriations process.
The budget also anticipates a restructuring of the regulatory regime for financial institutions and calls for a detailed examination of tax expenditures—a category that includes the credit union tax exemption.
The budget, totaling almost $4.1 trillion, would cut or eliminate many safety net programs, while significantly increasing defense spending and immigration enforcement.
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