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What’s Going On With the Budget?

by Countable | 10.20.17

Last night the Senate amended and passed the Republican budget resolution for fiscal year 2018 on a 51-49 party-line vote, marking another step in the process toward considering a tax reform bill under reconciliation.

But even though the budget resolution already passed the House and wouldn’t need to go to President Donald Trump’s desk for a signature (because it’s non-binding), there’s still more work to be done. The Senate amended the House-passed version by removing the requirement that tax reform legislation be deficit-neutral and lifting caps on defense spending, which leaves the next step in the process unclear for the moment.

Congress could choose to send the bill to a conference committee that’d merge the two versions of the budget resolution into legislation that can be passed by both chambers. But that could drag the process out by an additional week or two, and Republicans want to bring up tax reform legislation as soon as possible.

To get around a time-consuming conference committee, the House could take up the resolution in the form the Senate passed it in. It’s not clear if there’s enough support among House GOP deficit hawks to pass the budget without the spending cuts included in the version they already passed. If Republican leaders think they'll have the backing they need, a vote on the budget resolution could come as early as next week. Once the budget resolution is approved, the House Ways and Means Committee will release the actual tax reform bill and hold markup hearings on it.

Tell your reps what you think of the budget resolution and tax reform using the Take Action button and share your thoughts in the comments below.

— Eric Revell

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(Photo Credit: eurobanks / iStock)

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(33)
  • Jan
    10/20/2017
    ···

    Senator Graham you are willing to give tax breaks to the upper 1&2%, but give back very little to the middle class, take away from Medicaid and Medicare all for the rich who don’t need it. As far as trickle down I’m still waiting from President Reagan, guess what I’m still waiting. Congress at some point is going to have to think of us in the lower and middle class, we are the engines to this economy not the 1%. FIGURE IT OUT!!!

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  • Dana
    10/20/2017
    ···

    This budget cuts Medicare, of which I am a recipient, and guts Medicaid, all to give a one and a half tax cut to those who don’t need it. Once that one and a half trillion is in their hands, you can be sure it’s not going to slip out of their hands to help the middle class and the poor. How could anyone think the need this money and we, the middle class and the poor, don’t. Do not pass this bill. Fight it!

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  • Justin
    10/20/2017
    ···

    So the Republicans are still refusing to represent the majority of American interests

    Like (8)
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  • Lawrence
    10/20/2017
    ···

    Lord help us all.

    Like (7)
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  • Cynthia
    10/20/2017
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    I am so angry this passed! What will happen once funding cuts take effect for Medicaid and Medicare services? I do not believe reconciliation is a wise idea. What happened to bipartisan negotiation? I don’t believe a majority party line vote is how we negotiate politics. Quit acting like little kids playing politics and learn to work together!

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  • Ford
    10/20/2017
    ···

    Does no one get that the economy grew 187% during Obama’s tenure? We don’t need to lavish the rich and screw the poor. We can provide for the middle class and grow the economy.

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  • Terry
    10/20/2017
    ···

    Non binding. Congress is a bunch of gutless clueless hypocrites. Out for themselves only.

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  • Gail
    10/20/2017
    ···

    What’s going on with the budget? Gutting America like a fat cow to stuff the rich and starve the rest.

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  • Aaron
    10/20/2017
    ···

    MASSIVE TAX CUT for the rich and adds to the deficit?? How is this a good idea for the majority of the population? Where is the “Checks and balance system” of Congress? Oh yea - they are all corrupt. #VOTENOCONFIDENCE

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  • Nona
    10/21/2017
    ···

    Attention representatives: Since the designers are so certain their tax cuts for the wealthy and corporations will stimulate the economy and create jobs, they should have no objections to adding an automatic subset clause which takes effect if and only if the promised stimulus fails to happen. We have enough evidence that trickle down economics doesn't work as intended, so let's at least try a minor variation and put some teeth in to ensure the reduced taxes designed to stimulate investment and job creation actually get used for that purpose. And I want a stipulation that the jobs created are living wage jobs with reasonable C-level to line worker pay ratios.

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  • Azrael
    10/20/2017
    ···

    What’s going on with the budget? Middle class, poor and elderly are getting screwed Any more dumb questions?

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  • Donna
    10/21/2017
    ···

    Gutting the middle class? Trumps promise to to touch Medicare? I will work tirelessly to remove any representative not representing the interests of the majority of my peers.

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  • Michael.J.L
    10/20/2017
    ···

    As usual when the GOP can't win fairly they cheat (Reconciliation). I really like how they kept saying all along how the tax cuts would be deficit-neutral (which all along was known to be false) then reverse that prior to the vote. And to eliminate caps on military spending is foolish. Giving someone a credit card without any limits and whatever is charged will be paid for by taxpayers is an invitation to abuse. Any legislation this important needs to have 60 votes.

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  • Sean
    10/20/2017
    ···

    This budget is nothing but a spending spree favoring the military and the richest. It’s war on our poorest citizens. Republicans have zero morals.

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  • Mary
    10/20/2017
    ···

    I am so angry this passed! What will happen once funding cuts take effect for Medicaid and Medicare services? I do not believe reconciliation is a wise idea. What happened to bipartisan negotiation? I don’t believe a majority party line vote is how we negotiate politics. Quit acting like little kids playing politics and learn to work together!

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  • Pete
    10/22/2017
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    Trickle Down? The only thing that trickles down from these clowns is when they go potty.

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  • Jeremy
    10/20/2017
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    I am all for lower taxes across the board, but let’s get relief for us people who are trying to afford to live. Ok?

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  • Walter
    10/20/2017
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    Getting to finally be time for tax reform and progress toward a growth economy.

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  • Claude
    10/20/2017
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    This is another midnight bill. This budget needs 60 votes. The objective is to destroy Medicare and provide funds for things like the wall

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  • Michael
    10/20/2017
    ···

    In the tax reform, it is essential to keep the local and state tax deduction. For my family who lives in Shaker Hts Oh, we pay very high property taxes, local income taxes in both work city and residence (shaker does not participate in RITA). The elimination of this loop hole results in a huge tax increase for my community.

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