By US Daily Review Staff. Source: Kevin Brady (R-TX)
The U.S. House of Representatives voted 218-199 today to stop automatic spending cuts on America’s military might and replace them with even larger savings by closing tax loopholes and targeting fraud within the federal government.
America’s armed forces face nearly a trillion dollars in cuts beginning next year which would shrink the country’s ground force to the smallest since WWII and reduce the Air Force to its smallest size in history. The Secretary of Defense, Leon Panetta, called the impacts of these security cuts ‘devastating’.
“Replacing these automatic, deep cuts to America’s military strength with savings from fraud and waste is critical,” said Texas Congressman Kevin Brady. “Yes, the Pentagon needs to tighten its belt but not at the sacrifice of our military men and women fighting to protect us. Especially when the government wastes so much of our tax dollars. For example, in this bill we close a $7.6 billion loophole to stop illegal immigrants from receiving child tax checks fraudulently.”
The House also identified $33 billion in savings by stopping abuses within the food stamp program. A recent report detailed an Ohio woman with a $300,000 home, a Mercedes luxury car and $80,000 in the bank who still drew food stamps.
The Republican measure also cuts slush funds from ObamaCare and the Dodd-Frank banking overhaul, protects doctors and health care providers from frivolous medical lawsuits and forces members of Congress and federal workers to contribute more to their pensions to bring them in line with Main Street.