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5 ways House Republicans' budget plan 'will be a disaster for families,' according to the White House

House Freedom Caucus Holds News Conference On Biden Administration's Performance
Rep. Scott Perry (R-PA) speaks during a news conference with members of the House Freedom Caucus outside the U.S. Capitol on February 28, 2022 in Washington, DC.Drew Angerer/Getty Images
  • The House Freedom Caucus unveiled a plan to address the debt ceiling through major spending cuts.

  • The White House launched a campaign attacking the plan on Monday, saying it would be disastrous for families.

  • The plan would cap future spending at the 2022 enacted level for a decade.

The White House is sounding a "five-alarm fire" over House Republicans' plan to pare back on the federal budget.

In a release, the White House said that they're joining forces with Congressional Democrats to go on the offense as House Republicans head to Florida for their retreat. Their offensive maneuver: Calling out five ways that they believe the plan will be a "disaster" for Americans.

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Specifically, the White House is hitting out at how the proposal would weaken public safety and national security, according to a White House official. Per that official, analyses from agencies and the Office for Management and Budget show that the proposal would have five big impacts: It would lead to higher costs for families; export manufacturing jobs; endanger public safety; weaken national security; and mandate cuts for Medicare, leaving seniors in the lurch.

"The Freedom Caucus's devastating cuts to families' budgets and American priorities would not reduce the deficit because they would just go toward paying for MAGA House Republicans' $3 trillion in tax cuts skewed to the wealthy and large corporations," a White House official said in a statement to Insider.

Two weeks ago, the House Freedom Caucus unveiled its plan to address the debt ceiling through major spending cuts. The plan, called "Shrink Washington, Grow America," would raise the debt ceiling — only if Congress passed legislation that would cut major programs like student-debt relief, rescind unspent COVID-19 funds, and recoup IRS and climate spending.

The Caucus' plan would cap future spending at the 2022 level for ten years, which it said will "cut $131 billion in FY2024 and save roughly $3 trillion over the long term by cutting the wasteful, woke, and weaponized federal bureaucracy."

The White House in its fact sheet cited a Congressional Budget Office analysis last week that found that in order to balance the budget without raising taxes on the wealthy and preserve Medicare and Social Security, "Congressional Republicans would need to eliminate everything in the rest of the Federal budget."

An analysis from the Committee for a Responsible Federal Budget (CRFB) found that all government spending would need to be cut by 27% to actually balance the budget over the next decade. If you take tax increases, defense spending, Social Security, and Medicare off the chopping block, it would require 78% of all spending to be cut.

Additionally, House Appropriations Ranking Member Rosa DeLauro released responses from the leaders of federal agencies on Monday regarding the impact capping spending at the 2022 level would have on their operations. She said in a statement that the plan would "cause irreparable damage to our communities by gutting the programs every single American relies on. Those proposals are unrealistic, unsustainable, and unconscionable."

She said that families would lose nutritional assistance, childcare, and financial aid — among many other things — should the GOP proposal go through.

In response to the White House attack on its plan, the House Freedom Caucus wrote on Twitter that "Biden is attacking HFC because we proposed a real plan to cut spending and address the debt ceiling."

 

"It should shock no one that financially responsible proposals terrify and confuse this administration," it wrote.

Read the original article on Business Insider