Here’s what the House’s just passed $15 billion rescission package means for spending cuts

The House of Representatives passed a $15 billion rescission package on Thursday night.

The goal of it is to eliminate a large amount of wasteful spending from what has been already allocated. Speaker Paul Ryan calls it the largest such package in history.

JUST NOW→ House Republicans voted to cut $15 billion in wasteful government spending—the largest rescission package in history.

— Paul Ryan (@SpeakerRyan) June 8, 2018

The package and vote were requested by President Trump.

House now voting on bill to cancel $15 billion in spending at Trump’s request (rescissions bill). This is known as a “rescissions” bill, because it “rescinds” already allocated spending.

— Chad Pergram (@ChadPergram) June 8, 2018

Conservatives are hailing the passage of this measure as a win for cutting unnecessary spending and returning excess funds to the Treasury.

We’re reducing the deficit while funding America’s key priorities. Tonight we passed a $15 billion rescissions package, the largest in U.S. history, to cut unnecessary spending and return unused funds back to the U.S. Treasury. pic.twitter.com/KSiX2652Ld

— Rep. Steve Scalise (@SteveScalise) June 8, 2018

The vote was narrow with 19 Republicans opposing the bill.

House approves bill to cancel $15 billion in spending at Trump’s request (rescissions bill). The vote was 210-206.
19 GOP nay votes. Senate Appropriations Committee Chairman Richard Shelby (R-AL) is skeptical of the plan.

— Chad Pergram (@ChadPergram) June 8, 2018

Democrats, on the other hand, did not find the bill’s passage to be cause for celebration.

Democrats oppose the rescissions plan. They argue it unwinds parts of a big spending agreement from March which President Trump negotiated and signed but trashed publicly.

— Chad Pergram (@ChadPergram) June 8, 2018

This is what the president preemptively tweeted about the vote on Tuesday.

The HISTORIC Rescissions Package we’ve proposed would cut $15,000,000,000 in Wasteful Spending! We are getting our government back on track.

— Donald J. Trump (@realDonaldTrump) June 5, 2018

We will probably be hearing from him again shortly regarding this vote.

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