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Congress

McCain Proposes Major Boost In Defense Spending Over Next Five Years

Pat Host

Tuesday, January 17th, 2017

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McCain Proposes Major Boost In Defense Spending Over Next Five Years

F-35 developer Lockheed Martin is part of the Aerospace Industries Association (AIA) trade group. Photo: Air Force

Senate Armed Services Committee (SASC) Chairman John McCain (R-Ariz.) is proposing adding $430 billion in defense spending over the next five fiscal years to address what he calls a damaged military.Acknowledging that his proposed budget boost is $100 billion above sequestration budget caps, McCain proposes the 115th Congress first repeal those caps. He proposes a total budget that starts at $700 billion for fiscal year 2018 (with $640 billion for a base budget) and rises to $800 billion for FY…

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