Trump floated the offer in an afternoon speech from the White House, however, Democrats see the lack of a permanent solution for the individuals impacted by these programs as a deal-breaker.
The plan Trump proposed also includes $800 million for urgent humanitarian assistance and $805 million for drug detection technology to secure ports of entry, as well additional border agents, law enforcement officials and new immigration judge teams to deal with cases of migrants crossing the US-Mexico border.
RELATED: Freebies, deals for federal workers during shutdown
But all of this is on the condition that he receives $5.7 billion for a border wall -- the central point of contention between Democrats and Republicans in the fight to re-open the government.
Statements from legislators rolled in following the President's announcement:
Speaker of the House Nancy Pelosi
Prior to Trump's speech, Pelosi, a California Democrat, issued a statement in response to "initial reports" that "make clear that his proposal is a compilation of several previously rejected initiatives, each of which is unacceptable and in total, do not represent a good faith effort to restore certainty to people's lives."
Her statement continued: "It is unlikely that any one of these provisions alone would pass the House, and taken together, they are a non-starter. For one thing, this proposal does not include the permanent solution for the Dreamers and TPS recipients that our country needs and supports."
Following Trump's speech, Pelosi tweeted, "What is original in the President's proposal is not good. What is good in the proposal is not original. Democrats will vote next week to add additional border security funding for ports of entry, advanced technology for scanning vehicles for drugs + immigration judges."
Senate Majority Leader Mitch McConnell
Republicans issued statements of support for the President's proposal, including McConnell, who said he intends to bring the legislation forward this week. He had declined earlier to bring forward spending bills Democrats passed in the House.
"I commend the President for his leadership in proposing this bold solution to reopen the government, secure the border, and take bipartisan steps toward addressing current immigration issues," McConnell said in a statement.
The Republican from Kentucky called the proposal a "a fair compromise by incorporating priorities from both sides of the aisle."
"This bill takes a bipartisan approach to re-opening the closed portions of the federal government. It pairs the border security investment that our nation needs with additional immigration measures that both Democrat and Republican members of Congress believe are necessary. Unlike the bills that have come from the House over the past few weeks, this proposal could actually resolve this impasse. It has the full support of the President and could be signed into law to quickly reopen the government," he continued.
Senate Minority Leader Chuck Schumer
Schumer, a New York Democrat, called the proposal "more hostage taking."
"It's clear the President realizes that by closing the government and hurting so many American workers and their families, he has put himself and the country in an untenable position," Schumer said in a statement. "Unfortunately, he keeps putting forward one-sided and ineffective remedies. There's only way out: open up the government, Mr. President, and then Democrats and Republicans can have a civil discussion and come up with bipartisan solutions."
His statement continued: "It was the President who singled-handedly took away DACA and TPS protections in the first place -- offering some protections back in exchange for the wall is not a compromise but more hostage taking."
Sen. Marco Rubio
Rubio, a Florida Republican, also issued a statement in favor of Trump's latest offer.
"The way to end this shutdown is for both sides to make mutual concessions in order to reach an agreement. The President has made a very reasonable offer to extend DACA and TPS protections in exchange for the border security measures he supports. I hope that instead of choosing the road of endless obstruction, Democrats will decide to work with him to reach an agreement and end the shutdown," Rubio said in a statement.
Sen. Dick Durbin
The Illinois Democrat is the co-author of the BRIDGE Act, which is legislation aimed at extending protection for DACA recipients, and issued a statement also rejecting the President's proposal.
"First, President Trump and Senate Majority Leader McConnell must open the government today. Second, I cannot support the proposed offer as reported and do not believe it can pass the Senate. Third, I am ready to sit down at any time after the government is opened and work to resolve all outstanding issues," Durbin said.
I will be making a major announcement concerning the Humanitarian Crisis on our Southern Border, and the Shutdown, tomorrow afternoon at 3 P.M., live from the @WhiteHouse.— Donald J. Trump (@realDonaldTrump) January 18, 2019
(The CNN Wire & 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved.)