WASHINGTON DC - The Illinois congressional delegation's vote Thursday on the five year budget plan agreed upon by U.S. Rep. Paul Ryan (R-WI) and U.S. Senator Patty Murray (D-WA) will be almost as tough as the pension reform bill Illinois state lawmakers voted on last week. Pressures from conservatives are reaching intense levels on Capitol Hill.
The Ryan-Murray agreement increases spending in 2014 to $1.012 trillion and in 2015 to $1.014 trillion and restores more than $60 billion in sequester spending cuts. Fiscal conservative groups such as Americans for Prosperity and Club for Growth are adamantly opposed because of fee increases and sequester spending cuts being eliminated.
But the spending offset is similar to the budget tactics Illinois lawmakers used in their pension reform plan that passed last week. Federal employment retirees will take a hit, as will travelers:
The new spending is offset in part by lowering the cost-of-living adjustment for military retirees, requiring higher pension contributions from recently hired federal employees and raising fees on travelers collected by the Transportation Security Administration.
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