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Extreme Ideology and Political Fear Drive GOP Calls for Balanced Budget Constitutional Amendment

The balanced budget constitutional amendment (H.J. Res. 2) expected to be considered on the House floor this week is a very dangerous proposal that would have dire consequences for the economy and American families. It is the next step in the Republican majority’s dangerous plan to starve the government of revenues and use the resulting deficits as an excuse to call for massive reductions in programs that millions of Americans rely on.

U.S. Fiscal Outlook Much Worse After Republican Tax Scam

The Budget and Economic Outlook released today by the Congressional Budget Office (CBO) shows a deteriorating federal fiscal situation, with deficits nearing $1 trillion in 2019 and continuing to rise thereafter. For the GOP, this is all just part of their dangerous plan to starve the government of revenues and use the resulting deficits as an excuse to call for massive reductions in Medicare, Medicaid, and other programs that millions of Americans rely on.

Understanding Sequester: An Update for 2018

“Sequester” typically refers to the cancellation of budgetary resources after enactment. Congress has acted several times to prevent the harmful “sequester” cuts to discretionary programs. The most recent of these actions was the Bipartisan Budget Act of 2018 (BBA18), which not only prevents discretionary sequester cuts for 2018 and 2019, but also allows additional funding. The sequester will return in 2020 under current law.

Inefficient, Ineffective, Irresponsible: A TRUMP BUDGET

The President’s budget for 2019 provides a revealing insight into the Administration’s values. After spending last year working with Congressional Republicans to enact an extremely irresponsible tax cut that mostly benefits people who already have a lot of wealth and power, the Administration has produced a budget with damaging spending cuts that will hit working families hard for years to come.

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