Pennsylvania budget shocker: House GOP backs off raising taxes

Progressives, meantime, are aghast at the House GOP spending blueprint, saying it's a reverse Robin Hood plan to take from the poor and give to the rich.

But while Trump offered $ 54 billion in local agencies and foreign aid, the GOP's budget plan would recover most of the cuts, reducing agencies that are not hedging $ 5 billion.

The proposed new defense spending level is actually more than the White House had requested - a signal that defense hawks are alive and well on Capitol Hill.

Connected to the funding cuts are proposals to transform these so-called entitlement programs into limited anti-poverty measures. Debbie Wasserman-Schultz, D-Fla., introduced an amendment that would have changed the resolution so that it no longer assumed American Health Care Act changes would be future law, citing the Senate bill's collapse this week. Medicare would transition to a voucher-based scheme and apply a "means test" to determine the eligibility of seniors. It would do so by slashing $5.4 trillion over the coming decade, including nearly $500 billion from Medicare and $1.5 trillion from Medicaid and the Obama-era health law.

The report indicates that when it comes to significant inequality measurements like how much corporations pay in taxes, the federal minimum wage and even benefits to workers, the USA would significantly trail many other developed countries, even though for decades it has recorded the largest gross domestic product.

Some House conservatives also want to see a Republican tax reform plan before supporting a budget that would facilitate its passage. In certain areas, however, it is even more extreme.

"It's politically toxic", Higgins, also a Ways and Means Committee member, said of the GOP Medicare plan.

White House budget director Mick Mulvaney proclaimed, "It is a bold effort that follows the leadership of President Trump in Making America Great Again".

If the Trump administration executes its tax plan, the Commitment to Reducing Inequality index estimates that the USA would drop in the global ranking to No. 29 in the world from its current position at 23.

Mexico Stocks Rise On US Nafta Objectives: North America First!
Overall, the American Apparel & Footwear Association is pleased with the direction set forth in the blueprint. At times Trump had threatened to cancel NAFTA altogether, prompting a similarly heated response from Mexico.

Should the tax plan come to fruition, the country could see a significant slide down a global index of inequality, leaving it below countries with far smaller economies and less influence, The Guardian reported Sunday.

The inclusion of the tax plan is a procedural gimmick to allow the bill to become law with a simple majority in the Senate, thereby overcoming nominal opposition from the Democratic Party. "I don't think you can connect the votes today and say I'm not going to vote for the train vehicle, because all that does is make absolutely sure that you don't have tax reform".

Instead of using the CBO's economic assumptions issued in January and updated in June, the committee used its own estimates for economic growth, which were more optimistic than the CBO's.

On Tuesday, they came up with a budget proposal to reduce tax rates for businesses and individuals.

The GOP's blueprint essentially communicates budget savings goals to each major House committee, who then have to hit or exceed those numbers by cutting the various programs over which they have jurisdiction. Conservatives want deeper spending cuts while moderates are concerned the reductions go too far.

But Democrats blasted the sweeping cuts in the plan.

Nonetheless, the brutal austerity proposals prepare the way for a "compromise" to emerge that restores some of the cuts but still accelerates the dismantling of social programs. So, for example, the Committee on Education and the Workforce will have to cut $20 billion over the next decade.

The general program of rolling back the social safety net and anti-poverty programs has in fact been a common one shared by both Democrats and Republicans. "The time for talking is over, now is the time for action".

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