On Thursday, March 7th, 2024, ahead of the President’s State of the Union Address, the House Budget Committee Chairman Jodey Arrington (R-TX) and Speaker Johnson announced a budget resolution for FY 2025. According to Chairman Arrington’s executive summary, the goal of this budget resolution is to reduce the deficit and curtail federal spending. The House Budget Committee marked up the resolution, which represents the House’s first step toward drafting and passing Appropriations bills for FY 2025.

House Budget Committee Democrats released an analysis of the resolution that outlined several of the drastic cuts to domestic spending that are being proposed:

  • More than $2 trillion in cuts to mandatory health spending, which largely reflects drastic cuts to Medicaid and includes instituting Medicaid work requirements
  • Cuts mandatory funding for income security programs like SNAP and TANF by nearly $1 trillion
  • cuts mandatory funding for education by nearly $400 billion, which would likely come from student loan support like Pell grants
  • $1.6 trillion in mandatory spending cuts is attributed to “government-wide savings.”