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Senate Republicans pass budget plan, excludes cuts to fed retirement benefits

The Senate passed a $4 trillion budget plan that does not include a proposal to cut billions of dollars to federal retirement benefits, unlike the House plan.

The Senate passed a $4 trillion budget plan that does not include a proposal to cut billions of dollars to federal retirement benefits, unlike the House plan.

The budget resolution narrowly passed the Senate Budget Committee with a 51-49 vote, and mainly reforms tax code laws and reduces federal spending by $5 trillion.

“The Senate budget sets the stage for pro-growth tax reform that will lower taxes on American families and job creators by a net $1.5 trillion over 10 years,” committee chairman Mike Enzi (R-Wy.) said. “By keeping more money in the pockets of hardworking taxpayers and small businesses, these reforms – if done right – will boost investment, wages, and productivity here at home,” he continued.

The bill provides the maximum level of regular defense funding allowed under the law, which would prevent sequestration cuts, and includes a mechanism to adjust these levels if an agreement on revised funding levels is reached.

On Oct. 5, the House of Representatives passed a budget resolution that effectively ordered $32 billion in cuts to federal retirement benefits.

Read more about the Senate resolution here.

Reader comments

Wed, Oct 25, 2017

Cut congress and senate salaries, perks and benefits. A true 40 hr work week with no cost of living increases and no under the table compensation from special interest groups along with term limitations and now it is time to reduce them RIFF wise, the ones remaining after term limits will need to share offices to reduce the realestate overhead.

Mon, Oct 23, 2017 Sergio California

Great for the Senate budget. House budget needs some work. Don't these people understand that by cutting federal retirement benefits that it included retired veterans that served our country. Isn't it bad enough that the are trying to dismantle the VA and now the HOUSE wants to reduce our retirement benefits. I say replace the House, especially those that want to reduce our retirement benefits.

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