NACBA
12-04-2014, 02:45 PM
The House and Senate have reached an agreement on proceeding with this year’s National Defense Authorization Act — and it’s bad news for those who care about budget cuts. The House filed its version of the final agreement on Wednesday passed the bill on Thursday, and the Senate will likely move on the deal next week.
Some of the most controversial provisions — and one that had snagged negotiations — has to do with military benefits. Under the final deal, troops would receive a 1-percent pay raise, along with slowed growth in their housing allowance and a $3 increase in most prescription co-pays.
Beyond the controversies, key parts of this legislation should concern everyone who cares about the budget. This measure authorizes $521 billion in base military spending and nearly $64 billion more in overseas contingency funds, including about $5 billion for the current fight in Iraq and Syria.
Read more at http://rare.us/story/the-ndaa-agreement-the-house-just-passed-is-an-unbelievably-bad-deal-for-taxpayers/#afAW8l21ZUtYGjCm.99
Some of the most controversial provisions — and one that had snagged negotiations — has to do with military benefits. Under the final deal, troops would receive a 1-percent pay raise, along with slowed growth in their housing allowance and a $3 increase in most prescription co-pays.
Beyond the controversies, key parts of this legislation should concern everyone who cares about the budget. This measure authorizes $521 billion in base military spending and nearly $64 billion more in overseas contingency funds, including about $5 billion for the current fight in Iraq and Syria.
Read more at http://rare.us/story/the-ndaa-agreement-the-house-just-passed-is-an-unbelievably-bad-deal-for-taxpayers/#afAW8l21ZUtYGjCm.99