• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipDonald Trump

What Trump’s Proposed Spending Cuts Could Mean for the Arts Economy

By
Grace Donnelly
Grace Donnelly
Down Arrow Button Icon
By
Grace Donnelly
Grace Donnelly
Down Arrow Button Icon
January 19, 2017, 5:20 PM ET
New Met Breuer Museum Opens To Public In New York City
NEW YORK, NY - MARCH 18: Visitors view artwork on the opening day of the new museum The Met Breuer, an expansion of the Metropolitan Museum of Art on March 18, 2016 in New York City. The contemporary art space has taken over the Marcel Breuer designed Madison Avenue building that recently housed the Whitney Museum of American Art from 1966 until October 2014. (Photo by Spencer Platt/Getty Images)Spencer Platt — Getty Images

The Trump transition team may propose cuts to the federal budget that would reduce spending by $10.5 trillion over the next 10 years, the Hill reported Thursday.

Along with major funding cuts to the departments of Energy, Commerce, Transportation, Justice and State, the plan—which the Trump team has said is modeled after The Heritage Foundation’s Blueprint for Balance—would achieve this reduction in part by “targeting waste” like the Corporation for Public Broadcasting, The National Endowment for the Arts (NEA) and the National Endowment for the Humanities (NEH).

The NEA has already weathered significant budget cuts following the recession — their funding is 14 percent lower than in 2010, a $21.5 million drop to $146 million in 2015. The combined budgets of the NEH and NEA account for just over .002 percent of federal discretionary spending.

Both organizations administer grants to support the arts and humanities in each congressional district in the country.

The Bureau of Economic Analysis recently released a report that attempts to put a dollar amount on the arts economy and its impact. They found that arts and cultural production contributed more than $704 billion to the U.S. Economy — this accounts for 4.2% of the United States GDP and is greater than the contributions of the construction ($586.7 billion), transportation and, warehousing ($464.1 billion) industries.

us_ind_pct_gdp

More than 4.74 million people were employed in arts and culture economy as of 2013, according to the BEA study.

Since these jobs are funded by a combination of businesses, private donations, and government spending it’s hard to say how many employees would be impacted, but eliminating the 2,300 grants from the NEA and 882 projects funded by the NEH in 2015 would put a strain on the arts and culture economy.

“The announcement that this is even under consideration casts a sinister cloud over our vibrant national culture,” said Suzanne Nossel, executive director of PEN America in a statement on Thursday.

“This proposal sends shivers down the spine of all Americans who value research, scholarship, and creativity and who recognize the mortal blow that eliminating these vital agencies would strike at the heart of treasured sectors of our society,” Nossel said.

With massive exports of U.S. entertainment, the arts and culture sector is a win for American trade. The industry ran a trade surplus of $24.1 billion in 2013, according to the BEA.

Defunding the NEA would also cut already-scarce resources for the arts in underrepresented and low-income communities. According to the agency, 40% of the activities it supports take place in high-poverty neighborhoods.

About the Author
By Grace Donnelly
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

AI agents are acting like employees, but company structures still treat them like software
CommentaryOkta
AI agents are acting like employees, but company structures still treat them like software
By Dan MountstephenApril 13, 2026
3 hours ago
JBS-Pensions
LawLabor
Union workers win their beef: New labor contract sealed at one of the nation’s largest meatpacking plants
By The Associated Press and Jessica HillApril 13, 2026
4 hours ago
Luis Von Ahn points.
Workplace CultureLeadership
‘I’m not going to force you’: Duolingo CEO backs off from evaluating employees on their AI usage 
By Jacqueline MunisApril 13, 2026
7 hours ago
The most valuable worker in the AI economy is Nurse Dana from ‘The Pitt’
EconomyJobs
The most valuable worker in the AI economy is Nurse Dana from ‘The Pitt’
By Nick LichtenbergApril 13, 2026
7 hours ago
Kara Swisher
Successthe future of work
‘It tastes like a Twinkie’: Major tech podcaster Kara Swisher says AI is overhyped for one simple reason—humans don’t like it
By Preston ForeApril 13, 2026
8 hours ago
Billionaire philanthropist MacKenzie Scott
SuccessBillionaires
Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she’s just given $70 million to Meals on Wheels America
By Emma BurleighApril 13, 2026
9 hours ago

Most Popular

'This is the last warning.' Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz
Politics
'This is the last warning.' Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz
By Fortune EditorsApril 11, 2026
2 days ago
'People are trying to be creative': Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans
Economy
'People are trying to be creative': Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans
By Fortune EditorsApril 12, 2026
2 days ago
Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
Success
Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
By Fortune EditorsApril 13, 2026
9 hours ago
Here’s how a U.S. naval blockade of the Strait of Hormuz could work. ‘This is a big task, and it’s a big gamble’
Politics
Here’s how a U.S. naval blockade of the Strait of Hormuz could work. ‘This is a big task, and it’s a big gamble’
By Fortune EditorsApril 12, 2026
1 day ago
A 93-year-old refused to sell her home to the Masters golf course that’s spent $280 million on expansion: ‘Money ain’t everything’
Real Estate
A 93-year-old refused to sell her home to the Masters golf course that’s spent $280 million on expansion: ‘Money ain’t everything’
By Fortune EditorsApril 12, 2026
2 days ago
The 'affordability economy' has created a housing market nobody predicted: Prices collapsing in the Sunbelt, soaring in the Rust Belt
Real Estate
The 'affordability economy' has created a housing market nobody predicted: Prices collapsing in the Sunbelt, soaring in the Rust Belt
By Fortune EditorsApril 11, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.