To address Republican concerns that Plan B does not undo the scheduled $500 billion cuts to Defense spending, Boehner has also scheduled a vote on a bill from House Budget Committee Chairman Paul Ryan, R-Wis. Ryan’s bill not only replaces the Defense spending cuts with other cuts to domestic spending, but also shrinks government even more. “This bill replaces the sequester for one year with responsible spending cuts, that protect our national security, and provides an additional $200 billion in savings over ten years, Majority Whip Eric Cantor spokesman Rory Cooper told Politico. “This is yet another step House Republicans have taken this year to address the real fiscal problem in Washington, which is spending.”
So not only does Plan B cut taxes by $4.1 trillion, but it also now preserves the $1.2 trillion in cuts Republicans fought for last year. And it cuts another $200 billion in spending. “The speaker’s plan is the best we are going to do and I think people recognize that,” Rep. Bob Turner, R-N.Y., told National Review.