WASHINGTON — President Barack Obama wants to cut $2.5 billion from a $5 billion home heating aid program for the poor, two people familiar with his 2012 budget proposal said Wednesday. The proposal would cut the Low-Income Home Energy Assistance Program to its 2008 level of about $2.5 billion.
The individuals, including a congressional aide who was briefed on the proposal, discussed the details on condition of anonymity because Obama’s spending plan has not been issued. It was being released on Monday, and covers the budget year beginning Oct. 1.
Separately, House Republicans on Wednesday outlined a plan for $35 billion in immediate spending cuts that would practically eliminate the program’s contingency fund, cutting it by $400 million. The fund totaled $490 million, according to the program’s website.