Tag: U.S. House GOP budget

On Debt Reduction, GOP Says Wait Till Next Year

The following article by Lindsey McPherson was posted on the Roll Call website October 26, 2017:

Speaker Paul D. Ryan is focused on using the budget process to rewrite the tax code, but hasn’t yet committed on what to use the next budget resolution for. (Tom Williams/CQ Roll Call)

Despite years of calling for reducing the federal debt, House Republicans are voting Thursday on a budget that doesn’t balance and that calls for adding $1.5 trillion to the deficit to finance a tax overhaul. And most of them are fine with that.

Why? Primarily because the fiscal 2018 budget resolution is the vehicle needed to set up the fast-track process for rewriting the tax code and not letting Senate Democrats filibuster the bill. But Republicans say they plan to use that same budget reconciliation process again next year to start chipping away at the deficit.

Roll Call interviewed half a dozen House Budget Committee members, as well as a few other fiscal hawks in the GOP conference, and they all said they anticipate mandatory spending cuts being a priority for the fiscal 2019 budget reconciliation process. Continue reading “On Debt Reduction, GOP Says Wait Till Next Year”

House GOP unveils budget plan that attaches major spending cuts to coming tax overhaul bill

The following article by Mike DeBonis was posted on the Washington Post website July 18, 2017:

House Republicans unveiled a 2018 budget plan Tuesday that would pave the way for ambitious tax reform legislation — but only alongside a package of politically sensitive spending cuts that threaten to derail the tax rewrite before it begins.

GOP infighting over spending, health care and other matters continues to cast doubt on whether the budget blueprint can survive a House vote. Failing to pass a budget could complicate leaders’ plans to move on to their next governing priority as hopes of a health-care overhaul appeared to collapse late Monday in the Senate. Continue reading “House GOP unveils budget plan that attaches major spending cuts to coming tax overhaul bill”