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House GOP Releases 10-Year Budget Plan to Ramp Up Military Spending, Cut Medicare

2 mins read

House Republicans released a 10-year budget plan Tuesday morning that dramatically increases military spending while cutting Medicare and benefit programs like food stamps.

 The GOP budget, authored by Budget Chairman Diane Black (R-Tenn.) promises to balance the budget within 10 years by way of sweeping reforms and cuts to several mandatory auto-pilot spending programs, which make up two-thirds of the federal budget.  It cuts $5.4 trillion over the next 10 years, including almost $500 billion from Medicare, $1.5 trillion from Medicaid and Obamacare, and massive cuts to federal employee pensions, food stamps, and the earned income tax credit.

Black’s plan would turn Medicare into a voucher-like program, the AP reports, “in which future retirees would receive a fixed benefit to purchase health insurance on the open market.”

“The status quo is unsustainable. A mounting national debt and lackluster economic growth will limit opportunity for people all across the country,” Black said in a statement. “But we don’t have to accept this reality. We can move forward with an optimistic vision for the future and this budget is the first step in that process. This is the moment to get real results for the American people. The time for talking is over, now is the time for action.”

Black announced that the plan would be put to the committee for a vote on Wednesday. The plan as it stands is likely to be delayed and has little to no chance of implementation. President Donald Trump is on the record as against cuts to Medicare, and planned legislation to replace Obamacare stalled in the Senate Tuesday.

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