Federal spending on public programs is set to soar by $1.1 trillion over the next decade, a dramatic rise over the past decade, the nonpartisan Congressional Budget Office (CBO) said Wednesday.
The federal government will spend $1,200 per worker on health care next year, for example, compared with $1 in 2020, the CBO said.
In the next 10 years, federal spending on health services will increase by an average of $6,854 per worker, and by an additional $5,977 per worker over the same time period for the military, according to the CBO.
The CBO also noted that in 2019, the federal government’s minimum wage will rise to $7.25 an hour, from $5.15.
The CBO said that under current law, the minimum salary will remain the same at $7, but that inflation will cause the wage to rise by $2.25 per hour, resulting in an increase of $2,724 per worker in 2019.
In 2019, workers who earn less than $47,845 will see their pay increase by $11,700, while workers earning $50,000 or more will see it increase by just $3,600.
The nonpartisan Congressional Research Service (CRS) released a study last month that estimated that the federal minimum wage would increase by 3.3 percent from 2021 to 2022 and by 2.3 percentage points from 2022 to 2026.
The CRS said the increase in the minimum would affect nearly 4.4 million workers.
The CRS projected that the wage hike would cost the federal treasury $2 trillion over 10 years.
“This is not a one-time deal, and it’s not a big deal for the American people,” Sen. Chris Murphy Christopher (Chris) Scott MurphyDems rally behind Moore in Alabama Senate race, vows to continue fight on Senate floor if reelected The Hill’s Morning Report — Senate braces for last-minute battle MORE (D-Conn.), who chairs the Senate Budget Committee, said in a statement.
“But we must protect this nation’s security and make sure that our military and our nation’s economic growth is not jeopardized.
This is a major step toward restoring the fairness and integrity of the federal budget, and I look forward to continuing to work with my colleagues to ensure the federal dollars our nation needs to keep our military strong, grow our economy and protect our freedoms are allocated wisely and efficiently.”
President Trump Donald John TrumpTrump: Dems playing destructive ‘con game’ with Kavanaugh Several Yale Law classmates recuse themselves from Kavanaugh hearing Overnight Health Care: Senate braces, holds hearings on Kavanaugh | Trump to testify on Capitol Hill | Senators to watch MORE’s proposed $1 trillion spending increase for his first 100 days in office is expected to hit the headlines this week, with both sides of the aisle expected to press for more.
In the House, Republicans have proposed cutting $1 billion from the Department of Education and other programs to help offset the increased cost of higher education.
Democrats are expected to push for a $2 billion cut in the Department’s budget.
On the Senate side, Democratic Sens.
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