Republicans in the House of Representatives have taken the wraps off a plan for deep cuts in federal spending that sets up a showdown with President Barack Obama's Democrats. Prime targets of the budget slashing include the Environmental Protection Agency and the Corporation for Public Broadcasting.
The proposal would impose immediate cuts of roughly 25 percent on the government's non-military operations, from transportation to scientific research.
Hundreds of programs across the face of government would be cut in a $61 billion package of spending cuts toughened at the last minute at the demand of tea party-backed lawmakers.
Few domestic programs were left untouched — and some were eliminated — in the measure, which is expected to reach the floor for a vote next week.
The move would cut current spending in hundreds of federal programs by about $61 billion, resulting in levels in effect in 2008.
By Republican reckoning, the new measure would reduce spending by $100 billion below Obama's request for the current fiscal year, a number they had promised to meet in the "Pledge to America," their manifesto in the 2010 campaign. The actual cuts from current rates are less because the $100 billion promise assumes Obama budget increases that were never enacted.
Read more on Newsmax
The proposal would impose immediate cuts of roughly 25 percent on the government's non-military operations, from transportation to scientific research.
Hundreds of programs across the face of government would be cut in a $61 billion package of spending cuts toughened at the last minute at the demand of tea party-backed lawmakers.
Few domestic programs were left untouched — and some were eliminated — in the measure, which is expected to reach the floor for a vote next week.
The move would cut current spending in hundreds of federal programs by about $61 billion, resulting in levels in effect in 2008.
By Republican reckoning, the new measure would reduce spending by $100 billion below Obama's request for the current fiscal year, a number they had promised to meet in the "Pledge to America," their manifesto in the 2010 campaign. The actual cuts from current rates are less because the $100 billion promise assumes Obama budget increases that were never enacted.
Read more on Newsmax
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.