The cuts are mostly on programs that help the poor (surprising, rigth?). But fear not! There is a plan to increase revenue!
In addition to spending cuts, House Republicans are exploring revenue-generating options. The Judiciary Committee is considering imposing fees for immigration-related processes such as asylum applications, annual renewals, detention, parole, and visa overstays.
Oh yeah, these people have the money for those fees..
The Transportation and Infrastructure Committee has proposed increasing fees on the shipping industry and imposing new fees on electric vehicles, estimating potential savings of up to $26 billion.
Again, fees on shipping means higher prices for you and me.
The House Agriculture Committee has proposed reductions between $100 billion and $250 billion that could impact the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps. The proposed cuts could significantly affect low-income families who rely on the program for food security.
The cuts to SNAP alone, will cause a recession. Snap returns several times its cost in GDP for every single dollar given out. Taking 250 billion out of it will take something like 6-700 billion out of the economy.
By way of MSN