U.S. Republican budget cuts social spending, boosts military

The U.S. Capitol building is seen before U.S. President Barack Obama delivers his State of the Union address in front of the U.S. Congress in WashingtonU.S. House Republicans on Tuesday proposed higher defense spending and deep cuts to social services including healthcare for the poor in an aggressive new budget plan that seeks to eliminate deficits by 2024. The blueprint from House Budget Committee Chairman Tom Price, which has almost no chance of becoming law, prescribes $5.468 trillion in spending cuts and interest savings over 10 years compared to current policies. Like the budgets of Price’s predecessor, Representative Paul Ryan, the document assumes $2 trillion in 10-year savings from full repeal of the Affordable Care Act, the signature healthcare reform law that President Barack Obama has vowed to defend. The non-binding resolution reasserts the Republican Party’s long-standing vision of a smaller federal government, less national debt, lower taxes and a stronger economy, all likely themes in the 2016 presidential campaign.

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