The House Small Business Committee recommends cutting almost $50 million from President Obama’s fiscal 2015 budget request of $864.64 million for the Small Business Administration.
Committee Democrats will present their own views on the White House request at a later date, said Ranking Member Nydia Velázquez (D-N.Y.) at a March 25 committee markup.
Although the budget request is for $64 million less than the agency’s current year spending, the March 25 majority committee report says there’s room for more cuts.
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