The National Coalition for History sums it up pretty well:
On May 23, President Trump sent his proposed fiscal year (FY) 2018 budget request to Congress. As expected, it includes devastating cuts to federal history and humanities funding including elimination of the National Endowment for the Humanities (NEH), National Historical Publications and Records Commission (NHPRC), Institute of Museum and Library Services (IMLS) and K-12 history and civics grants and Title VI/Fulbright-Hays international education programs at the U.S. Department of Education. Click here for a link to a chart summarizing the proposed budget for these and other federal history-related programs. There will be an in-depth agency-by-agency analysis posted on the NCH website shortly.