Fact Checker: White House touts illusory “VA cuts” as GOP ducks budget specifics
“This is the damage when people do not tell the truth about the bill. It actually goes back to the funding where we were just four months ago.”, May 1, responding to earlier White House claims of a 22 percent cut in veterans spending— voice-over in aAs soon as House Republicans narrowly approved a bill that would raise the national
Federal budget math is so complex that it frequently looks like a funhouse mirror. What you see depends a lot on where you stand. Let’s try to break this down.is detailed when it wants to be. It rescinds money that President Biden won to bolster the Internal Revenue Service, terminates his student-loan forgiveness program, adds new work requirements for programs like Medicaid and repeals clean-energy initiatives. It also claws back tens of billions in unspent pandemic aid money.
Ordinarily, a congressional budget resolution — which this was not — would indicate the dollar amounts to be spent in 19 spending categories, known as “budget functions.” But the top-line number is a clue that big reductions in spending were anticipated. The bill would essentially set fiscal 2024 spending at the same level as fiscal 2022, which ended on Sept. 30 — despite rising costs in the past two years because of population growth and high inflation.
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