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“The largest looming shadow of doubt on America’s future is, quite simply, the extent of the nation’s debt,” Committee Chairman Steve Womack (R-Ark.) said in his opening remarks of the two-day markup.
The proposed mandatory reduction includes $1.5 trillion from Medicaid, $537 billion from Medicare and $2.6 trillion in reductions to other programs such as welfare, nutritional assistance and other anti-poverty programs.Democrats have cried foul over the measure, accusing Republicans of slashing entitlements and key programs just months after blowing up the deficit with their signature tax plan, which the Congressional Budget Office projected will add $1.9 trillion to deficits over the decade.