Trump will call for deep domestic cuts in FY 2026 budget

• It aims to reduce discretionary non-defense spending – which doesn't include programs like Social Security, Medicare and Medicaid – by $163 billion from this year.

By the numbers: In total, for the non-defense programs that need to be reauthorized every year, the Office of Management and Budget wants to allocate $557 billion for the next fiscal year.

• That represents a 22.6% cut, according to Wall Street Journal, which first reported on some of the details of Trump's budget.
• For national security spending, Trump will ask for a record $1.01 trillion, for a whopping 13% increase, according to Bloomberg.
• Funding for the Environmental Protection Agency, the Department of Education and what was known as the U.S. Agency for International Development will be starkly reduced.
• Trump is also taking aim at federal grants that were authorized during the Biden administration, including those for "environmental justice" renewable energy projects.

Zoom out: Budgets are designed to be statements of the president's priorities. The numbers bear only a passing resemblance to the final dollar amounts that Congress ultimately appropriates.

• Many of the proposed cuts for next year have already been identified by Elon Musk's Department of Government Efficiency.
• Trump and his budget officials are essentially putting a hard number – and showing their math – on how they plan to cut more than $160 billion from the federal budget.
• That number is far short of the $1 trillion Musk initially promised.

The bottom line: Trump's nearly 2:1 disparity between defense and non-defense spending is a distant cry from the "parity" that the past two Democratic presidents have attempted to achieve.