Feb 08, 2018
Congress’ Budget ‘Deal’ Breaks Bipartisan Spending Caps by Incredible 13-Percent
Post by Freedom Partners
Bill Riddled with Overspending & Corporate Welfare is a Betrayal of American Taxpayers, Would Be Massive Failure After Historic Tax Reform
The Budget Control Act of 2011 agreed to by Republicans and Democrats and signed by President Obama made a solemn promise to Americans that our federal government would begin to use taxpayer dollars more responsibly by enacting self-imposed spending restraints.
That was then, this is now.
Little more than a month after passing the historic Tax Cuts and Jobs Act into law, Congress is now moving forward with spending bill that would open the floodgates to massive increases in government spending – in betrayal of the 2011 agreement – and billions of dollars in corporate welfare for powerful and well-connected special interests.
In fact, the current spending plan Congress is pushing forward amounts to a 13-percent increase in the spending levels agreed to under the 2011 law, according to House Freedom Caucus chairman Mark Meadows (R-NC).
He’s right, and here’s how the dollars stack up:
The 2018 budget caps for defense and non-defense discretionary spending are currently $549 billion and $516 billion respectively, for a total of $1.065 trillion. Under the two-year budget deal to increase spending by nearly $300 billion currently being proposed by Congress, defense spending would increase by roughly $80 billion per year while non-defense spending would increase by roughly $60 billion per year, thereby bringing 2018 spending to $1.205 trillion and a 13-percent increase over current statutory limits.
In addition to irresponsible spending levels, lawmakers are also attempting to attach a number of other troubling provisions in this budget “deal,” including the extension or expansion of billions of dollars in corporate welfare for special interests, who are given the ability to profit off taxpayers.
Our network has consistently called on federal lawmakers to stand with the American people over special interests and eliminate corporate welfare as well as rein in out-of-control spending. This proposal is a massive failure on both accounts.