Date: May 18, 2006
Subject: Conservative Federal Budget
Description: Hensarling (R-TX) conservative alternative to the budget that would limit total spending to $2.7 trillion, including $829 billion in discretionary spending, saving $358.3 billion over five years, extend the 2001 and 2003 tax cuts, eliminate about 150 federal programs and increase defense and veterans' spending. It also restructured a number of agencies, reduced foreign aid by $31 billion over five years, allowed drilling in the Arctic National Wildlife Refuge, and eliminated highway earmarks.
Result: Amendment Rejected, 94-331
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