Trump Proposes Lean 2026 Budget Cuts, Increases Defense Spending

President Donald Trump has begun his second term by emphasizing themes of renewal and revolution, as highlighted in a recent commencement address at the University of Alabama, where he called the current era the 'Golden Age of America.' Trump's policy agenda closely aligns with the conservative Project 2025 manifesto, notably by appointing Russ Vought, a Project 2025 contributor, to lead the Office of Management and Budget and advancing policies to consolidate executive power and overhaul federal agencies. Despite attempts to distance himself from Project 2025 during the campaign, many of his early actions in office adhere to its recommendations, signaling a strong influence from the Heritage Foundation and allied organizations. Trump has also proposed a 2026 budget featuring deep cuts to various programs while increasing defense spending to over $1 trillion. Facing historically low approval ratings, the White House's strategy for the 2026 midterms relies heavily on Trump's personal brand and endorsements to energize Republican turnout, especially in the Senate. Meanwhile, speculation continues among allies like Steve Bannon about Trump's ambitions to seek a third term, though such a move would challenge constitutional term limits.