The Appalachian Regional Commission, the Corporation for Public Broadcasting, sugar price supports and some smaller farm programs are among dozens that would be eliminated by a spending-cut proposal from the Republican Study Committee, which "counts more than two-thirds of House Republicans as members," David M. Herszenhorn of The New York Times reports. The $2.5 trillion in budget cuts through 2021 would exclude the military, Medicare and Social Security.
The bill calls for "immediate reductions of at least $100 billion, compared with cuts in the current fiscal year of up to $80 billion being sought by party leaders," Herszenhorn writes. "The cuts would require the agreement of the Democratic-controlled Senate and the White House, which is highly unlikely." Herszenhorn notes that House Speaker John Boehner and other Republican leaders have not "specifically endorsed" the plan, but it does offer "the clearest picture yet of the cuts envisioned by Republicans as they seek to rein in spending, which they view as a mandate given to them by voters in November."
North Dakota Democratic Sen. Kent Conrad, who served on President Obama's commission on lowering the national debt, called the proposal "ill-conceived and unworkable because it focused only on cuts to discretionary spending and not on overhauling the tax code or addressing entitlement programs like Medicare and Social Security," Herszenhorn writes. (Read more)
The bill calls for "immediate reductions of at least $100 billion, compared with cuts in the current fiscal year of up to $80 billion being sought by party leaders," Herszenhorn writes. "The cuts would require the agreement of the Democratic-controlled Senate and the White House, which is highly unlikely." Herszenhorn notes that House Speaker John Boehner and other Republican leaders have not "specifically endorsed" the plan, but it does offer "the clearest picture yet of the cuts envisioned by Republicans as they seek to rein in spending, which they view as a mandate given to them by voters in November."
North Dakota Democratic Sen. Kent Conrad, who served on President Obama's commission on lowering the national debt, called the proposal "ill-conceived and unworkable because it focused only on cuts to discretionary spending and not on overhauling the tax code or addressing entitlement programs like Medicare and Social Security," Herszenhorn writes. (Read more)
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