The delayed House GOP budget resolution was unveiled Wednesday morning featuring $2 trillion in mandatory spending cuts and a $4 trillion cap on raising the debt limit.
Raising the debt limit was a controversial issue sought by President Donald Trump while seeking to deliver on vows to cut government spending.
The 45-page bill also includes $4.5 trillion of room for Ways and Means to lock in tax cuts, while Chair Jason Smith, R-Mo., has been arguing that will not be enough to do all Republicans want.
Among the proposed cuts over the next 10 years, as rebuked by Rep. Richie Torres, D-N.Y.:
- $880 billion from energy and commerce.
- $330 billion from education.
- $230 billion from agriculture.
Also, among those on the chopping block:
- $50 billion cap on government oversight cuts.
- $1 billion cap on financial services cuts.
- $1 billion cap on national resources cuts.
Also, capped in budget increases as outlined in pages 34-37:
- $110 billion cap on judiciary spending increases.
- $100 billion cap on defense spending increases.
- $90 billion cap on border security spending increase.
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