What’s in the GOP’s ‘Beltway 2.0’ plan? | Axios
Republicans have long been pushing for a bipartisan agenda that addresses the challenges facing the country, but some have been wary of trying to build consensus around a specific agenda or a specific set of priorities.
The party has taken several different paths in recent years, including the promise to move beyond the party’s traditional governing style to a more populist, populist-oriented approach.
On Thursday, the GOP unveiled a package of ideas that they hope will build a consensus around their agenda.
The first thing the House is likely to do is pass a budget, with House Majority Leader Kevin McCarthy (R-Calif.) calling the budget “a top priority.”
The bill will have to pass the Senate before it can be considered.
The House will then be expected to pass a continuing resolution that would keep the government running until December 2019.
It will then take up a spending bill to fund the government and government programs for a year.
The Senate will then likely pass its own budget, a key sticking point for Republicans.
Republicans want to increase the federal debt limit, and they’ve also proposed to raise taxes on the wealthy and corporations.
The budget will then need to be reconciled with the spending bill.
And finally, the Senate will need to pass its version of the budget, which will then go to President Donald Trump and the House for his signature.
The Budget: How Trump is planning to pay for his agenda | Axia, CNNPoliticsThe spending bill would increase the national debt by $1.5 trillion over the next decade.
Republicans are planning to use the money to increase funding for border security, infrastructure, job training, and the National Institutes of Health, among other things.
It also would increase funding to the Department of Defense.
The National Institutes, however, is one of the biggest recipients of federal funding.
Trump is proposing to increase that funding by $200 billion over the coming decade.
That funding, along with a $500 billion increase in defense spending over the same time frame, would put the U.S. in a position of having the largest military budget in the world.
Trump also wants to use that $1 trillion in new funding to pay down the national debts of countries like Germany and Japan.
The spending plan includes $5.7 trillion for debt service for the U,S.
It would also increase the interest rate on debt payments by a minimum of 0.25 percentage point, which is currently 1.5%.
The debt service would continue to increase in 2020 and 2021.
In other words, the U is not going to have to pay its debt service on time.
That means Trump will be able to spend a bigger chunk of the money on things like infrastructure spending, which would also likely lead to a larger increase in the national deficit.