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March 06, 2024 at 02:48 PM
The House Budget Committee released Wednesday its fiscal 2025 budget, which includes a bipartisan fiscal commission to examine “fast tracking” potential cuts to Social Security and other entitlements. The Budget Committee passed the resolution Thursday.
The GOP budget resolution was reported out of committee with support from every Republican present, while every Democrat voted against it.
Nancy Altman, president of Social Security Works, said Thursday in a statement that “this budget includes a so-called ‘fiscal commission,’ which the White House has accurately referred to as a death panel for Social Security and Medicare. The commission is designed to slash vital earned benefits through a fast-track, closed-door process, intended to allow Republicans to avoid political accountability.”
Altman added: “Every Republican who voted for this budget voted to cut Social Security and Medicare. During the mark-up, Democrats proposed numerous amendments to protect Social Security and Medicare. Republicans voted down all of them.”
The House budget resolution “will be DOA in the Senate,” Dan Adcock, director of government relations and policy at the National Committee to Preserve Social Security and Medicare, told ThinkAdvisor Wednesday in an email. The GOP budget “is just a way for the House [Republicans] to keep the fiscal commission alive,” he said.
The GOP budget cites the House Budget Committee’s Jan. 18 vote to advance H.R. 5779, the Fiscal Commission Act of 2023, legislation that would set up a fiscal commission to address the nation’s national debt.
