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House GOP’s official 10-year budget plan to be considered next week on September 15, 2023 at 3:14 pm Business News | The Hill

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Republicans on the House Budget Committee are set to consider the party’s long-term blueprint for the nation’s budget next week, the panel’s chair confirmed.

Budget Chairman Jodey Arrington (R-Texas) told The Hill the committee is preparing to mark up the budget resolution next Wednesday, describing the proposal as a 10-year budget roadmap aimed at “restoring fiscal responsibility.” 

“We’re fired up about it,” Arrington said. “It’s going to have elements of right-sizing the bureaucracy and the discretionary spending.”

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The plan won’t be signed into law, but it can provide a glimpse into the party’s thinking on how the government should be funded over the long term. 

It was expected to come out earlier this year, but was put on the back burner in the spring as a heated partisan clash over the debt limit dominated attention in Washington for months.

The planned markup also comes as tensions are again on the rise on Capitol Hill amid several spending clashes ahead of a looming deadline this month to prevent a government shutdown. 

But Arrington isn’t expecting the committee’s budget markup to be delayed despite the current spending fight.

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“Ours is a 10-year, not one year, budget, and it includes the spending that’s driving the debt, and that’s the 70 percent of the budget that’s mandatory,” he said. “It’s 90 percent of the growth out into the future.”

“They complement each other and a lot of the things that we’re talking about here have to be done, not only this year, but every year on the discretionary side,” he said of the ongoing appropriations process and the budget committee’s work. “And we have that mapped out for the next 10 years.” 

The plan isn’t expected to take on changes to Social Security and Medicare, however. While both programs face threats of insolvency in the years ahead, some lawmakers are doubtful of any reforms to the popular programs in the current congressional session as the election cycle heats up.

Some Republicans are instead looking to a commission to explore changes to the programs, while both parties focus more attention on the discretionary spending Congress is currently debating as part of the annual funding process.

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However, Arrington said he plans for the resolution to “address mandatory spending” as well as “the need” for reforms to entitlement programs, which account for a chunk of mandatory spending not subject to the annual appropriations process.

“Our interest on the debt is about to exceed the entire defense budget,” he said. “So, we got to work on the mandatory spending, rein it in and bring down the interest payments.”

​Budget, Business, House, News Republicans on the House Budget Committee are set to consider the party’s long-term blueprint for the nation’s budget next week, the panel’s chair confirmed. Budget Chairman Jodey Arrington (R-Texas) told The Hill the committee is preparing to mark up the budget resolution next Wednesday, describing the proposal as a 10-year budget roadmap aimed at “restoring…  

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Ramaswamy calls Biden’s trip to UAW picket line a ‘smokescreen to deflect reality’  on September 23, 2023 at 4:54 pm Business News | The Hill

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September 23, 2023

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GOP presidential candidate Vivek Ramaswamy on Saturday called President Biden’s upcoming trip to visit striking auto workers in Michigan a “smokescreen to deflect reality.” 

“Biden’s trip to ‘protest’ in Michigan is a smokescreen to deflect reality & the UAW strike is just a symptom of the deeper problem: a trifecta of rising prices + rising interest rates + stagnant wages,” the conservative entrepreneur posted on X, the platform formerly known as Twitter.

His comments come just a day after Biden — who has billed himself as the most pro-union president — announced he would travel to Detroit in support of the United Auto Workers’ (UAW) strike.

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“Tuesday, I’ll go to Michigan to join the picket line and stand in solidarity with the men and women of UAW as they fight for a fair share of the value they helped create,” Biden said. “It’s time for a win-win agreement that keeps American auto manufacturing thriving with well-paid UAW jobs.”

Ramaswamy scoffed at Biden’s plan, arguing that the president’s economic policies were partially to blame for the strike.

“American workers deserve answers for horrendous economic policies & “civil service protections” enjoyed by federal bureaucrats that ordinary workers don’t get,” he wrote. “The picket line we need is in D.C., not Detroit. That’s the hard TRUTH.”

Former President Trump, who is also running for the 2024 GOP presidential nomination, made similar comments to Ramaswamy, arguing that the Biden administration agenda bares some of the responsibility for the strike.

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“Crooked Joe sold them down the river with his ridiculous all Electric Car Hoax,” Trump said on Truth Social in the early morning Saturday. “Within 3 years, all of these cars will be made in China.”

Trump said he would be visiting Michigan on Sept. 27, foregoing the second GOP primary debate. His campaign argued that Biden’s trip is “nothing more than a cheap photo op as he finds himself between a rock and a political hard place.” 

The UAW union launched their strike just over a week ago, when negotiations with the Big Three automakers — Ford, GM and Stellantis — failed before the auto workers’ contracts ended. On Friday, the union expanded the effort to more than 38 locations across 28 states, and pushed for Biden to join the fight.

The union is demanding higher wages and better protections amid the auto industry’s transition toward electric vehicles. 

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​Campaign, 2024 Elections, Business, News, auto workers, Biden administration, Electric vehicles, EVs, GOP debate, Michigan, UAW, UAW strike, Union, United Auto Workers GOP presidential candidate Vivek Ramaswamy on Saturday called President Biden’s upcoming trip to visit striking auto workers in Michigan a “smokescreen to deflect reality.”  “Biden’s trip to ‘protest’ in Michigan is a smokescreen to deflect reality & the UAW strike is just a symptom of the deeper problem: a trifecta of rising prices + rising…  

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How to Master Decision-Making in a World Full of Options on September 23, 2023 at 4:00 pm Entrepreneur: Latest Articles

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Use these seven practical strategies to make more effective business choices.

​Decision Making Use these seven practical strategies to make more effective business choices.  

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Travel Smarter With a $40 Member-Exclusive Club on September 23, 2023 at 4:00 pm Entrepreneur: Latest Articles

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Travel for less with $59 off a one-year Travel Buyers Club membership.

​Travel Travel for less with $59 off a one-year Travel Buyers Club membership.  

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