Administration’s budget proposals for FY 2019 | KPMG | US

Administration’s budget proposals for FY 2019

Administration’s budget proposals for FY 2019

The Trump Administration today transmitted to Congress its FY 2019 budget recommendations.


Related content

Administration budgets reflect policy priorities of the administration. Congress decides whether to implement those recommendations, and its budgets may diverge substantially from the administration’s recommendations.

The administration’s $4.4 trillion budget for FY 2019 would significantly increase defense spending, make cuts to certain mandatory spending programs, and boost federal spending on infrastructure by $199 billion.


Read the FY 2019 budget proposals [PDF 2 MB]

Read analytical perspectives related to the FY 2019 revenue proposals

No significant tax items

The Office of Management and Budget (OMB) projects an increase of almost $44 billion in new revenue from IRS enforcement over 10 years. In this connection, the administration proposes nearly $15 billion over the next 10 years in additional spending on enforcement, although overall it proposes significant cuts from the Treasury “base” budget. There is no specific reference to the possible need for additional funding to implement the new tax law (Pub. L. No. 115-97, enacted December 22, 2017).

The FY 2019 budget does not propose significant tax law amendments or revenue raisers beyond a reference to the administration’s $6 billion in private activity bond measures included in its proposals for infrastructure legislation. Read TaxNewsFlash

The U.S. Treasury Department historically releases a “greenbook” as an explanation of an administration’s revenue (tax) proposals to accompany the administration's budget, but of course, there will be none this year.

© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal