AGRIBUSINESS: Senate Budget Plan Released
The U.S. Senate may take a look at fixing the locks and dams on America’s rivers, but it’s unknown how much of their new budget will go to traditional farm and food programs.
Senate Budget Committee Chair, Patty Murray of Washington has released a budget proposal that provides for deficit neutral reserve funds to replace the sequester, write a new farm bill and make investments in water infrastructure. Murray did not mention farm or nutrition programs in her opening statement at a committee meeting Wednesday. Instead she emphasized that the proposal would replace sequestration with deficit reduction and include a $100 billion economic recovery protection plan to put workers back on the job repairing our nation’s priority deteriorating infrastructure
The bill calls for $975 billion dollars in spending cuts over 10 years and $975 billion in increased government revenues.
While the Senate is expected to approve the budget – it is very different from the budget proposed by House Budget Chair Paul Ryan – making it unlikely Congress will pass a joint budget resolution. Murray expressed hope that the House and Senate could work together toward the responsible and bipartisan budget deal the American people expect and deserve.