• House Republicans Disclose Budget Plan
  • July 19, 2017
  • The House GOP has unveiled its budget plan, calling for extensive cuts in federal spending, including federal employee benefits, financial industry regulations and welfare expenditures, that total over $200B. Along with anticipated accelerated economic growth, these cuts are intended to produce a balanced budget over the next decade. While divisions among the House Republicans make it difficult to predict if the budget can survive a floor vote, White House budget director Mick Mulvaney has strongly endorsed the blueprint, stating that “… this budget lays a pathway for Congress to pass and President Trump to sign pro-growth tax reform into law.” Passing a budget is a prerequisite to proceeding with the reconciliation process, which is the only legislative mechanism to pass tax reform without support from Senate Democrats.

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