On Friday, the Senate Budget Committee released a budget resolution for 2018 that would allow the party to shield its tax reform bill from a Democratic filibuster.
The plan would also cut spending by $5.1 trillion over the next ten years. It also does not include social security.
- Keeps defense spending at the budget cap levels outlined by the Budget Control Act.
- It hacks away at non-defense spending staring in 2019, cutting it by as much as $106 billion by 2027.
The House’s resolution:
- Cuts into non-defense spending right away
- Includes a $70 billion increase in defense spending in 2018 alone.
The House budget has also included instructions for $203 billion in mandatory spending cuts. They will be applied to welfare, anti-poverty and agriculture programs.
Rep. Mark Meadows (R-N.C.), the chairman of the conservative House Freedom Caucus said, “It would be disingenuous to suggest that $200 billion worth of mandatory spending cuts would make it in the Senate budget. So it’ll have to be worked out in conference, and compromises will have to be made.”
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Credit: The Hill