House passes $4.1T budget plan

So it was encouraging to see the House approve its budget resolution Thursday.

“However, somewhere in the authors” efforts to cut taxes for our highest and lowest earners, the middle class was seemingly left to bear the burden”, Paul said“. This House Republican budget is removed from the reality in cities and towns across the country. “Now they’re using their tax cut plan – and they public about they’re tax cuts for the rich – and they’re sneaking in cuts to Medicaid and Medicare”.

The Senate Budget panel has approved a fiscal blueprint that would pave the way for a major rewrite of the USA tax code, a top priority of President Donald Trump and his GOP allies in Congress. The Senate Budget Committee is also moving swiftly, meeting this week to fill in the details of last week’s draft.

Sanders, an Independent from Vermont, is a proponent of Medicare for all in a single payer plan for healthcare.

Cutting affordable housing spending by $37 billion over 10 years, eliminating housing assistance for 1 million families. “We should be working to reauthorize the Children’s Health Insurance Program, which ensures almost 9 million kids get access to care”.

Leadership was able to secure the votes needed to pass the measure last week, following the release of the Republican tax reform framework. It also says that it “retains tax benefits that encourage work, higher education, and retirement security”, although it does say that these benefits will be simplified.

A conservative political scientist says it’s to be expected that when Democrats emerge victorious anywhere right now, “they’re going to tout it”.

“And these businesses in Wisconsin are competing in a global economy.so we’re taxing these businesses in our economy at double the rates” of other industrial countries, Ryan said.

Democrats warned that the Republican tax bill alone could set the stage for future cuts to popular federal programs.

Oregon Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, begged to differ.

Rep. Mark Meadows (R-NC) released the following statement after Thursday’s vote in the House of Representatives to pass H.Con.Res 71, the FY 2018 budget resolution that will allow the House to consider tax reform under budget reconciliation rules with the Senate. In their view, “tax cuts would not be offset by equivalent cuts to spending”.

The plan overall would cut $5 trillion from programs that “working families desperately need”, according to the report, including $37 billion in cuts to the National Institutes of Health over the next decade.

Retaining a limited state and local tax deduction would cause the tax proposal to add even more to the federal budget deficit unless other changes are made. That could put some of these safety net programs on the chopping block. “It reforms Medicaid. It strengthens Medicare”.

Republicans are more positive about the plan’s impact.

It’s a priority the GOP hasn’t been eager to surrender.

The votes were called after long negotiations in both chambers over spending levels and the sizes of tax cuts. We’re going to lose Medicaid.

“I do not understand what motivates John McCain”, King said. He is the president of the United States.

Well, Mr. President: Tell your Republican friends around this table that they should respect your campaign promises that helped win you the election and that you will veto any legislation that breaks those promises. People have cast those votes [on Medicare] before. “I’d like to double it, but a lot of it will depend on what we have space for”.

The House vote on the “budget resolution” for 2018 was months behind schedule – it supposed to be done by April – coming a few days into the start of the new fiscal year, as the GOP tries to jump start action on tax reform.