Budget would cut more than $5 trillion over the coming decade to reach balance by 2024.
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The House on Wednesday passed a GOP budget blueprint that promises a balanced federal ledger in 10 years by making sweeping cuts across the federal budget and eliminating health care coverage under the Affordable Care Act.
The 219-205 vote on the nonbinding framework takes a mostly symbolic swipe at the government’s chronic deficits. Follow-up legislation to actually implement the cuts isn’t in the cards. Twelve Republicans opposed the measure, and not a single Democrat supported it.
The plan by Budget Committee Chairman Paul Ryan, R-Wis., would cut more than $5 trillion over the coming decade to reach balance by 2024. The sharpest cuts would come to health care programs for the poor and uninsured, food stamps, and array of domestic programs, including Pell Grants, education, and community development grants.