![]() He says food assistance should be reset to pre-pandemic levels and is proposing that the funding reflect the consumer price index plus inflation. Chuck Grassley (R-Iowa) told my colleagues at Politico Pro that he’s looking for a “ridiculous increase in food stamps” in the president’s budget. The common thread for House Republicans who talked to Huddle was that they’re looking at the topline numbers before digging into specific programs. Mike Johnson (R-La.) is looking at: “The increases he’ll propose in spending with no solution for how to fund it except raising taxes, and you can’t do that in a period of high inflation.” He continued: “We’re not going to put a lot of stock in it.” August Pfluger (R-Texas): “If the President presents a budget that doesn’t balance and includes funding for his radical climate agenda but not policies to enhance border security and end the crisis at the southern border, we will know he intends to put the needs of Americans last for yet another year.” What some folks are watching: Your Huddle host surveyed members Wednesday to see what their first CTRL-F search would be for once they get the budget documents. Fear not, those precious spreadsheets and “analytical perspectives” are expected on March 15. Itching for the appendix: I see you, budget wonks. OMB Director Shalanda Young is expected to appear before the Senate Budget Committee on March 15. Chair Jason Smith (R-Mo.) was adamant that Yellen’s appearance be prompt and he lamented delays in the Democratic controlled House. First up will be Treasury Secretary Janet Yellen at the House Ways and Means Committee. To the battle stations: The cabinet is wasting no time and will start heading to the Hill on Friday to defend Biden’s proposals. (H/t Caitlin for holding your Huddle host’s hand through this preview.) Biden’s proposal would also allow Medicare to negotiate the cost of more prescription drugs, funneling about $200 billion in savings into the program. At the same time, Biden wants to close a loophole that he says has shielded some high earners and rich business owners from paying that same tax. It will also include a plan Biden has touted to extend Medicare’s lifecycle by increasing the tax rate on the program for Americans making more than $400,000. What we know: Biden’s budget won’t feature tax increases on anyone making less than $400,000, but is expected to call for boosting taxes for billionaires. But it is also the overture to his official announcement that he’ll run for reelection. It is true that Biden’s budget release is an opening volley for many, many fights ahead, from the debt limit to spending deals, the Farm Bill and much in between. It’s a cliche that the president’s budget is dead on arrival on Capitol Hill or lands with a thud, but this year the anticlimactic feeling is intensified by a multi-part release schedule that won’t pack the same punch without the coveted appendices with program-level numbers.īudget fans, hold your fire. ![]() He has been admitted to the hospital where he is receiving treatment.”īIDEN’S BUDGET BALLOON - The midday release of President Joe Biden’s third budget will land on Capitol Hill like a deflated balloon. David Popp, the Kentucky Republican’s communications director, said in a statement: “This evening, Leader McConnell tripped at a local hotel during a private dinner. McCONNELL HOSPITALIZED - Senate Minority Leader Mitch McConnell was hospitalized late Wednesday after a fall. Senate Minority Leader Mitch McConnell earlier this week.
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