The Bipartisan Budget Act of 2018: What’s In the McConnell-Schumer Budget Deal

#BuildTheWall, Big Government, Chuck Schumer, Congress, Donald Trump, Mitch McConnell, Senate, White House


The McConnell-Schumer budget deal, known as the Bipartisan Budget Act of 2018, funds the federal government for two years and features some of the largest increases in government ever.

Here are some of the larger items in the Bipartisan Budget Act of 2018:

  1. Spending limits created by the Budget Control Act of 2011 will be raised by about $300 billion over the next two years.
  2. Defense spending will be raised by $80 billion in the current fiscal year and by $85 billion next year.
  3. Domestic spending will increase by $63 billion this year and by $68 billion next year.
  4. Congress will suspend the debt limit through March 2019, putting the next debt limit vote past the 2018 midterm elections.
  5. $20 billion for additional infrastructure programs such as surface transportation, rural water, and wastewater systems.
  6. $6 billion to fight the opioid crisis.
  7. $4 billion for college affordability programs to help police officers, teachers, and firefighters.
  8. $90 billion in disaster aid for Texas, Florida, and Peurto Rico.
  9. The bill repeals Obamacare’s Independent Payment Advisory Board (IPAB), which was designed to limit Medicare costs.
  10. A ten-year extension of the Children’s Health Insurance Program (CHIP), which is four years longer than the previous spending bill passed last month.
  11. The two-year spending bill excludes funding for President Donald Trump’s proposed southern border wall. President Trump asked for $25 billion over several years to build the southern border wall.
  12. The bill does not include any legislation addressing Deferred Action for Childhood Arrivals (DACA) illegal aliens, much to the dismay of House Minority Leader Nancy Pelosi (D-CA).

Read the entire Bipartisan Budget Act of 2018 here.





Source link

Articles You May Like

Melania Trump to Convene Interagency Group on Youth Programs
Chicago police union boss makes a big accusation in Jussie Smollett case — and it involves a former Obama aide
Trump, the Creative Disrupter | The Heritage Foundation
Trump: ‘I Don’t Mind’ If Public Sees Mueller Report
Trump Blasts GM for Ohio Plant Closure, Urges Reopening

Leave a Reply

Your email address will not be published. Required fields are marked *