The bipartisan spending deal negotiated between House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer is about a 20% increase in spending for all of last year before the coronavirus pandemic.
On Sunday, Johnson, Schumer, Senate and House Minority Leaders Mitch McConnell and Hakeem Jeffries announced a deal that would provide $1.59 trillion in spending to the government through the end of fiscal year 2024. That total amount is known as the “top line.” ” spending is approximately 20% higher than spending during fiscal year 2019, the last full year of government spending before the COVID-19 pandemic. (Related: House Republicans threaten 'shutdown' if border security not included in government funding compromise)
Total spending in fiscal year 2019, which refers to funds appropriated from the U.S. Treasury, was $1.347 trillion. according to Submitted to the Committee for a Responsible Federal Budget. Although annual increases in absolute federal spending are always caused by inflation, the average U.S. inflation rate during these fiscal years was 16.2%. according to To Carbon Collective.
.@HouseGOP failed to leverage leverage to force inflationary spending cuts
We must reject this “deal” with Democrats that increases spending by up to $30 billion and funds institutions that are at war with our freedoms and security, like Mr. Mayorkas' DHS. It won't happen#no gimmick #NosideDeal #NoSecurityNoFunding pic.twitter.com/XRBmzUshyz
— Rep. Chip Roy Press Office (@RepChipRoy) January 9, 2024
“After weeks of dialogue and debate, we released top-line numbers for FY24 and finally secured hard-fought concessions that will allow the Appropriations Committees to begin negotiations.
and completing 12 annual spending bills,” Johnson wrote in a Jan. 7 letter to lawmakers shared by the Daily Caller News Foundation and his office. “Overall, this agreement represents a substantial year-over-year reduction in non-veteran, non-defense spending. This agreement also represents an overall reduction tens of billions of dollars below current CR levels. , enabling full funding of the President’s defense budget request.”
The deal has been denounced by several conservative members of the House Republican Conference, including members of the House Freedom Caucus, and also cuts spending to levels that are satisfactory to House Republicans' long-demanded conservatives. They also claim they are unable to secure funding for border security policies. “[House Republicans] failed to leverage leverage to force cuts in inflationary spending; ” I have written Republican Rep. Chip Roy of Texas, policy chairman of the Freedom Caucus, added on Twitter:[w]I have to refuse this “transaction” lol[ith] Democrats will increase spending by up to $30 billion to fund government agencies that are at war with our freedoms and security, like Mr. Mayorkas' DHS. ”
Some members have suggested they are considering efforts to remove Johnson from office if a deal is reached. A spokesperson for Tennessee Republican Rep. Tim Burchett, who supported the removal of then-Speaker Kevin McCarthy for supporting the continuing resolution passed on September 30, filed a motion with DCNF. He said he was “still thinking” about whether to do so. To free up a chair.
“[T]”This represents the most favorable budget agreement Republicans have achieved in more than a decade,” Johnson wrote.
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