House Panel Taking Steps To Boost Veterans Affairs Budget
WASHINGTON (AP) — Republicans controlling the House are taking the first steps to approve President Donald Trump's big budget increase for veterans' health care and the Pentagon.
At stake is an $89 billion spending bill for the Department of Veterans Affairs and Pentagon construction projects that's scheduled for a preliminary panel vote on Monday. The bill would give the VA a 5 percent budget hike for the budget year beginning in October as the agency works to improve wait times and correct other problems.
The Defense Department, meanwhile, would receive a $2 billion, 10 percent increase for military construction projects at bases in both the U.S. and abroad.
"This legislation includes the funding and policies necessary to deliver on our promises to our military and our veterans," said House Appropriations Committee Chairman Rodney Frelinghuysen, R-N.J.
Republicans are still struggling to come up with a broader budget that would dictate spending levels for other agencies. Trump has proposed sharp cuts to many domestic agencies and foreign aid as a means to pay for increases for the military. But many GOP lawmakers have already signaled that they disagree with Trump.
Under Washington's arcane budget rules, lawmakers are first supposed to pass an overall fiscal blueprint called a budget resolution before tackling the annual round of spending bills. This year, that budget plan is also the key to unlocking action later this year on legislation to overhaul the tax code, a top GOP priority.
Instead, Republicans are split into three camps on spending: defense hawks who want even more money for the military than proposed by Trump; pragmatists who are defenders of domestic programs; and conservatives who agree with Trump's plan to cut domestic agencies and deliver the proceeds to the Pentagon.
For now, those GOP divisions have meant an impasse for Trump's overall budget and tax agenda.
Treasury Secretary Steven Mnuchin testifies before a House panel later on Monday on his agency's budget.


Penn Mutual CEO Receives Entrepreneur Of The Year Award
Advisor News
- Americans aren’t turning retirement plans into action, LIMRA finds
- Ashley Hinson ‘death tax’ story collides with truth
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
More Advisor NewsAnnuity News
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
- Jackson Financial CEO caps 40-year career with blockbuster Q2
- Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
- NAIC regulators begin consensus phase on annuity illustration overhaul
More Annuity NewsHealth/Employee Benefits News
- Endorsing Janoo
- Ashley Hinson unveils insurance transparency bill amid scrutiny of her health care record
- Why Gen Z turns everything – even murder – into a joke
- Ashley Hinson unveils insurance transparency bill amid scrutiny of her health care record
- 3 summer sales habits that build next year’s pipeline
More Health/Employee Benefits NewsLife Insurance News
- Indiana eyes more oversight of insurance companies' exposure to private credit
- HEALEY-DRISCOLL ADMINISTRATION RETURNS $14.5 MILLION TO HEALTH AND DENTAL INSURANCE CONSUMERS AND BUSINESSES
- ‘Uniquely positioned’: Equitable outlines future post-Corebridge merger
- Don't keep checks with clerical errors
- The insurance distributor that builds its own software will win the next decade
More Life Insurance News