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Spending Plan

All articles tagged with #spending plan

politics1 year ago•6 min saved

"JB Pritzker's 2024 Budget: Tax Increases, Migrant Funding, and Quantum Computing"

Illinois Governor J.B. Pritzker has presented a $52.7 billion budget plan that includes over $800 million in tax increases, primarily targeting businesses and sportsbooks, to address a projected deficit and manage the state's pension debt. The proposal also features increased funding for early childhood education, a program to erase medical debt, and support for addressing homelessness and migrant crises. Pritzker's plan has drawn criticism from Republicans for its impact on small businesses and families, but it aims to balance the budget without directly raising taxes or fees on Illinois residents.

via Chicago Tribune|

#budget-proposal #gov-jb-pritzker #illinois

politics2 years ago•4 min saved

"House GOP Chaos and Infighting Threaten Government Shutdown: Speaker McCarthy's Limited Options"

Speaker Kevin McCarthy is facing a tough challenge in crafting a spending plan that satisfies conservative House Republicans and avoids a government shutdown. McCarthy is struggling to unite the GOP caucus and secure approval from the Democratic-controlled Senate and President Joe Biden. Some GOP hardliners have even voted against their own party's Defense bill. If McCarthy fails, there are talks of a side deal between moderate Republicans and House Democrats. Meanwhile, Senate Republican Leader Mitch McConnell warns that shutdowns are politically damaging for the GOP. McCarthy's options are running out, and he may need to reach out to Democrats or consider a continuing resolution to buy more time.

via USA TODAY|

#bipartisan-negotiations #fiscal-crisis #government-shutdown

politics2 years ago•6 min saved

House GOP Divided and Doomed: Budget Bill Collapse Looms

House Republicans are in open warfare over a spending plan brokered by Rep. Byron Donalds, with more than a dozen Republicans, mostly from the conservative Freedom Caucus, publicly opposing the plan. Speaker Kevin McCarthy, who can only afford to lose a handful of votes, is caught in the middle of a full-on House Republican rebellion. The internal revolt is bigger than a clash between centrist and right-wing factions, as even the Freedom Caucus is divided. McCarthy is facing criticism from both sides, with some conservatives threatening to oust him if he relies on Democratic votes to avoid a shutdown. With just 12 days left, McCarthy has no viable plan to keep the government open without risking his own position.

via POLITICO|

#conservative-freedom-caucus #house-gop #politics