Updated at 3:02 p.m. ET.
The Trump administration says it can balance the federal budget within a decade. Its proposal calls for significant cuts to social safety net programs and assumes more robust economic growth.
The administration released what it calls a "Taxpayer First" budget on Tuesday.
"This is, I think, the first time in a long time that an administration has written a budget through the eyes of the people who are actually paying the taxes," White House Budget Director Mick Mulvaney told reporters in a briefing on Monday.