White House $15 Billion Cutbacks Bill Rejected in the First Attempt
The proposal presented to the Senate in an effort by the administration of Donald Trump to terminate lots of finances from going to plans such as the Children’s Health Insurance Programnarrowly failed to meet the threshold to pass, in what appears like a fatal blow to the white house effort of cost-cutting.
On Wednesday afternoon the procedural voters voted narrowly against the $15 billion cutbacks package with forty-eight in support and fifty rejecting it. For example, Sen. Susan Collins (R-Maine) who declined the package when it presented at the floor had already earlier indicated that he was going to reject it the moment it was tabled to the house. The notable defector was Sen. Richard Burr (R-N.C.), who had been advocating for land and water conservation cuts behind the scenes. According to a Senate GOP aide, the discord arose the moment he realized that there was no guarantee that the GOP would support him with a vote on his amendment to defend the finances.
There is what they are currently referring to as the rescissions measure which the Senate GOP leaders should pass not later than Friday. The bill requires on a simple majority to go through but will need the nod of the senators before their procedural powers to do so expire, and a requirement of 60-vote threshold gets into play. Therefore, there is a look at this failed attempt with a lot of pessimism since that failed opportunity looked like it was the only one shot at advancing Trump’s administration endeavors to the cost-cutting effort.
Reduction in Children’s Health Insurance Program by $7 billion appears like the most controversial piece of the bill. The proposals had led to major divisions in the Republicanparty for weeks, even when the financial experts have assured that the cutbacks to CHIP will not have any adverse effect on those that benefit from it.
A likely scenario that would change the current situation is if the GOP rallies the Republicans to support the bill, it will be tabled again this week but the primary target will be to address the challenges and improve the language that would convince for reduced CHIP funding.
According to multiple Senate sources, Senate Budget Committee Chairman Mike Enzi (R-Wyo.) and Sen. Mike Lee (R-Utah) who has been championing for the passing of the bill, could work together and bring a proposal to the Senate floor with a ‘different’ language.
The rescissions measure bill which passed would recollect unexploited federal revenue from projects such as an Obama-era energy loan program. However, there has been an acknowledgment by Lee that the cutback is like a drop in the ocean since it will only reduce the $21 trillion federal debt by $1 billion as most of the finances will not be utilized anyway.