Congress passed and President Donald Trump signed into law the Bipartisan Budget Act of 2018 on Friday, which the president stated in a tweet will make the military stronger than ever before and give them everything and more – along with increasing spending in other non-defense areas.
Trump detailed the inclusion of other appropriation provisions as motivation for electing more Republicans in the 2018 midterm elections.
Included in the bill are multiple provisions increasing federal spending, including approximately $85 billion dollars for wildfire and hurricane recovery efforts. The bill also increases defense spending from about $550 billion dollars to about $629 billion dollars and increases non-defense spending from about $516 billion dollars to about $579 billion dollars.
Had the bill not suspended the Budget Control Act of 2011, the increases would exceed limits by about 2.4 billion for defense spending and about 4 billion for non-defense spending and would require sequestration – the process where a percentage of funds are held by the Treasury Department from their respective government recipients.
A collection of 93 businesses, scientific and engineering societies and universities authored a letter Tuesday addressed to each of the members of congressional leadership, urging Congress to reach a bipartisan deal that increases investments in innovation.
“America’s leadership is being tested and a renewed commitment to innovation is urgently needed,” the letter said. “Previously unrivaled, the U.S. innovation ecosystem has driven our country’s economic strength and global leadership for more than 50 years, but today our international competitors are taking pages from the American playbook and investing in their domestic innovation ecosystems.”