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    senate budget committee

    House Republicans Unveil Budget Bill With Tax And Program Cuts

    House GOP Advances Budget After Blocking Amendments to Protect Food Benefits, Medicaid

    "Instead of choosing to protect the American people, they chose to protect billionaires and corporations," said the top Democrat on the House Budget Committee.

    Jake Johnson
    Feb 14, 2025

    House Republicans advanced their budget plan out of committee Thursday night after a 12-hour markup session during which they rejected dozens of Democratic amendments, including proposed changes that would have protected Medicaid and federal nutrition benefits from the deep cuts the GOP hopes to impose to help finance trillions of dollars in tax breaks for the richest Americans.

    The House Budget Committee advanced the Republican resolution, unveiled earlier this week, in a 21-16 vote along party lines. Prior to the vote, GOP members agreed to adopt an amendment offered by Rep. Lloyd Smucker (R-Pa.) that, according toPolitico, effectively caps "the cost of the tax cuts at $4 trillion, with a dollar-for-dollar increase in that ceiling if Republicans cut more spending, up to a total of $2 trillion in cuts."

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    News
    republican party
    Sheldon Whitehouse

    US Wealth Gap Report Fuels Call to 'Unrig Our Tax Code'

    "This report should add urgency in Congress as the Trump tax scam expires next year and we negotiate future tax legislation," said Senate Budget Committee Chair Sheldon Whitehouse.

    Jessica Corbett
    Oct 02, 2024

    As a Capitol Hill battle over the "GOP tax scam" looms, U.S. Senate Budget Committee Chair Sheldon Whitehouse on Wednesday pointed to a new nonpartisan government analysis about soaring wealth inequality as proof of the need for serious reforms.

    Whitehouse (D-R.I.) sought the Congressional Budget Office (CBO) report, which details trends in the distribution of family wealth—including projected Social Security retirement and disability benefits—in the United States from 1989 to 2022.

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    News
    taxation
    Chairman Sheldon Whitehouse (D-R.I.)

    Key Senate Panel Launches Probe of Big Oil-OPEC Collusion

    Illegal coordination between oil companies and OPEC may have cost U.S. families thousands of dollars in higher costs for gas and other necessities.

    Julia Conley
    Jun 27, 2024

    Announcing a probe into potential efforts by fossil fuel companies to illegally coordinate with international oil producers in order to fix prices, U.S. Sen. Sheldon Whitehouse on Wednesday wrote to 18 oil giants demanding that they turn over communications with the Organization of Petroleum Exporting Countries, commonly known as OPEC.

    Whitehouse (D-R.I.) wrote to companies including ExxonMobil, Chevron, and ConocoPhillips in his capacity as chairman of the Senate Budget Committee, weeks after the Federal Trade Commission (FTC) accused the former CEO of Pioneer Natural Resources Company of attempting to collude with OPEC.

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    big oil

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