House Republicans have introduced a budget proposal to increase the total fiscal year 2016 defense budget to $613 billion, The Hill newspaper reported Tuesday.
Kristina Wong writes the proposal would put $90 billion into the overseas contingency operations fund, which the lawmakers say will cover for the $523 billion defense budget cap mandated by the 2011 Budget Control Act.
The proposal also contains a $20 billion deficit-neutral reserve fund that would afford House Budget Committee Chairman Tom Price (R-Ga.) the option to approve additional defense funds, the report says.
Rebecca Shabad writes in another report for The Hill newspaper that the $613 billion defense budget proposal is part of a larger GOP blueprint that seeks to cut funds from non-defense programs such as Obamacare, but offer a premium support system for Medicare through partial privatization.
Price also proposed to repeal the alternative minimum tax under the blueprint, the Hill reports.
GOP lawmakers say the budget would balance in nine years and cut $5.5 trillion in projected spending over the next 10 years under that blueprint, Wong reports.