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Tuesday, January 28, 2025

Potential Federal Budget Cuts

From Inside Higher Ed: As Republicans on Capitol Hill look to potentially spend billions on mass deportations, tax cuts and other Trump administration priorities, the House GOP is hunting for ways to save money elsewhere. But some of the slashes they’re suggesting could harm colleges, universities and the students they serve, higher ed advocates say...

As Republicans on Capitol Hill look to potentially spend billions on mass deportations, tax cuts and other Trump administration priorities, the House GOP is hunting for ways to save money elsewhere. But some of the slashes they’re suggesting could harm colleges, universities and the students they serve, higher ed advocates say...

Over all, the list includes nearly $13 trillion in potential savings over the next 10 years, though some of the items on the list still lack cost or savings estimates and some of the estimates are considered informal. Of that, $2.1 trillion comes from provisions that in some way impact higher education...

The potential cuts are part of a special legislative process called reconciliation, which can be used once a year to quickly advance high-priority—and often controversial—pieces of legislation. Unlike traditional bills, a reconciliation act isn’t subject to the 60-vote filibuster threshold and only requires 51 votes to pass the Senate, giving a party with a narrow majority a higher likelihood to pass its priority issues... But there’s a catch: All policies included in reconciliation must involve the budget or taxes, and for every new dollar spent under the omnibus bill, the same amount must be cut somewhere else. A nonpartisan congressional staff member, known as the Senate parliamentarian, decides whether each provision meets the rules and can be included in the bill...

Full story at https://www.insidehighered.com/news/government/politics-elections/2025/01/27/house-republicans-target-student-loan-programs-budget.

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