GOP Leaders Unveil Bill To Gut $2.5 Trillion In Government Spending

The GOP’s “pledge” to America before the Midterm elections was that, If given a chance to govern again, they would slash $100 billion from the federal budget as well as repeal ObamaCare.

So far, so good.

House Republicans repealed ObamaCare yesterday and now a majority of them are proposing a bill that would gut federal spending by $125 billion by this year alone and by $2.5 trillion over the next 10 years.

In a press conference today, Rep. Jim Jordan of Ohio, who is chairman of the Republican Study Committee, unveiled the Spending Reduction Act to outline specific cuts the RSC is proposing.

HUMAN EVENTS received an advanced analysis of the bill. Here are the highlights:

Return spending to the 2008 levels, and, after that, force discretionary spending down to 2006 levels.

Return unspent “stimulus” money.

Slice the civilian government workforce by 15%.

Eliminate government subsidies to the Public Broadcasting System, the National Endowment for the Arts, Amtrak, the National Organic Certification Cost-Share Program, Fannie Mae and Freddie Mac, among other agencies and programs.

Prevent funding from going to the implementation of ObamaCare as well as restrict taxpayer money from being used by government lawyers to defend any provisions of the healthcare bill in court.

The Republican Study Committee has more than 170 members in the House and will have Sen. Jim DeMint of South Carolina as a co-sponsor of the Spending Reduction Act in the Senate.

“This is not just rhetoric.  It’s about saving our country [and] saving our currency,” DeMint said on a conference call with reporters.

RSC members will seek a stand-alone vote on the act, but also promise to use the upcoming votes on increasing the debt ceiling, extending the Continuing Resolution, and passing a budget to force these cuts if need be.

Speaker John Boehner and Senate Majority Leader Mitch McConnell haven’t yet signaled if they would support everything outlined in the Spending Reduction Act, but DeMint doesn’t foresee any problems.  The GOP caucus is committed to cutting spending, he said.

When asked whether or not Democrats will agree to the reductions outlined, Rep. Jordan replied: “We’ll see if senators found the Lord and do the right thing.” They should, he added, because these are “real spending cuts that make a difference.”

Here’s a list of many of the programs and agencies that the RSC bill would put on the chopping block:

Corporation for Public Broadcasting Subsidy: $445 million annual saving.

Save America’s Treasures Program: $25 million annual saving

International Fund for Ireland:  $17 million annual saving.

Legal Services Corporation: $420 million annual saving.

National Endowment for the Arts.  $167.5 million annual savings.

National Endowment for the Humanities:  $167.5 million annual saving.

Hope VI Program:  $250 million annual saving.

Amtrak Subsidies:  $1.565 billion annual saving.

Eliminate duplicative education programs:   H.R. 2274 (in last Congress), authored by Rep. McKeon, eliminates 68 programs for a saving of $1.3 billion annually.

U.S. Trade Development Agency:  $55 million annual savings.

Woodrow Wilson Center Subsidy:  $20 million annual saving.

Cut in half funding for congressional printing and binding:  $47 million annual saving.

John C. Stennis Center Subsidy: $430,000 annual saving.

Community Development Fund: $4.5 billion annual saving.

Heritage Area Grants and Statutory Aid: $24 million annual saving.

Cut Federal Travel Budget in Half: $7.5 billion annual saving.

Trim Federal Vehicle Budget by 20%: $600 million annual savings.

Essential Air Service: $150 million annual saving.

Technology Innovation Program: $70 million annual saving.

Manufacturing Extension Partnership (MEP) Program:  $125 million annual saving.

Department of Energy Grants to States for Weatherization: $530 million annual saving.

Beach Replenishment: $95 million annual saving.

New Starts Transit.: $2 billion annual saving.

Exchange Programs for Alaska, Natives Native Hawaiians, and Their Historical Trading Partners in Massachusetts: $9 million annual saving.

Intercity and High Speed Rail Grants: $2.5 billion annual saving.

Title X Family Planning:  $318 million annual saving.

Appalachian Regional Commission: $76 million annual saving.

Economic Development Administration:  $293 million annual saving.

Programs under the National and Community Services Act:  $1.15 billion annual saving.

Applied Research at Department of Energy.  $1.27 billion annual savings.

FreedomCAR and Fuel Partnership: $200 million annual saving.

Energy Star Program: $52 million annual saving.

Economic Assistance to Egypt.: $250 million annual saving.

U.S. Agency for International Development: $1.39 billion annual saving.

General Assistance to District of Columbia: $210 million annual saving.

Subsidy for Washington Metropolitan Area Transit Authority: $150 million annual saving.

Presidential Campaign Fund: $775 million saving over 10 years.

No funding for federal office space acquisition: $864 million annual saving.

End prohibitions on competitive sourcing of government services.

Repeal the Davis-Bacon Act.  More than $1 billion saving annually.

IRS Direct Deposit:  Require the IRS to deposit fees for some services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing them to remain as part of its budget.:  $1.8 billion saving over 10 years.

Require collection of unpaid taxes by federal employees: $1 billion total saving.

Prohibit taxpayer-funded union activities by federal employees. $1.2 billion saving over 10 years. 

Sell excess federal properties the government does not use:  $15 billion total saving.

Eliminate death gratuity for Members of Congress.

Eliminate Mohair Subsidies:  $1 million annual saving.

Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change:  $12.5 million annual saving. 

Eliminate Market Access Program: $200 million annual saving. 

USDA Sugar Program: $14 million annual saving. 

Subsidy to Organization for Economic Co-operation and Development (OECD): $93 million annual saving.

Eliminate National Organic Certification Cost-Share Program:  $56.2 million annual saving.

Eliminate funds for Obamacare administrative costs:  $900 million saving. 

Ready to Learn TV Program.  $27 million savings. 

HUD Ph.D. Program. 

Deficit Reduction Check-Off Act.