The U.S put on a grand military spectacle back in 1991 when troops were celebrating victory in the first gulf war.
President Trump’s plans for a veterans day military parade through the streets of Washington DC have been delayed until at least 2019.
Mr Trump was impressed by France’s Bastille Day parade on a visit in 2017 and said the US could “top it”.
But figures released on Thursday suggested the event could cost about $90 million (£71m) – more than three times the original estimate.
Critics had also made comparisons to parades in countries led by autocrats.
The parade was originally conceived to mark the centenary of the end of world war one, on 11 November.
