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house Bill H. Con. Res. 71

The GOP Budget for Fiscal Year 2018 and Using Reconciliation for Tax Reform and Deficit Reduction

Argument in favor

The American economy needs a boost from comprehensive, deficit-neutral tax reform and this budget resolution would let Congress use the reconciliation process to achieve that.

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10/03/2017
This is the first step toward much needed tax reform and balancing the federal budget. This is common sense and needs to be passed to clear the way.
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Kathy's Opinion
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10/03/2017
After less than 3% growth for the entire 8 years of Obama administration. More people on food stamps and more people living pay check to pay check with a raise this economy needs more than a shot in the arm. This tax reform is similar to what President Kennedy proposed in 1961 and passed in1964. It is was projected to have huge deficits but the unemployment rate dived to 3.8% . Imagine if everyone who wanted a job is working , paying taxes and wiping out the deficits. If you say this is just tax reform for the rich you have never worked for a poor person then. Who do you think these "rich" people are hiring? They want to grow their businesses and can do so when the corporate tax goes from 39% to 29%. Then there is my personal favorite the Inheritance tax. It is not just for the rich as I found out when my husband died without a will. I paid $17,000 in inhertitantent
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Sammi's Opinion
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10/03/2017
Have to start somewhere. Voting no keeps "STAGNANT Status Quo". We need a boost. Everyone is anticipating it. Such a shame if it doesn't happen due to stubbornness!
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Argument opposed

Tax reform could be beneficial, but this budget resolution opens the door for Republicans to produce and pass an overhaul of the tax code in a partisan manner that excludes Democrats.

Claude's Opinion
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10/02/2017
This should require 60 votes and normal process
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Mauro's Opinion
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10/03/2017
Stop pushing burden onto middle class and taking away support for the poor just to make rich people pay less taxes. This is NOT what this country is about.
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Barb's Opinion
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10/03/2017
This is so far out of whack!!! Vote no, give 45 something to complain about. Then IMPEACH him. This budget is all wrong. 45 getting tax breaks!!!! Show his tax returns!!! NOW!!!
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concurrent resolution Progress


  • The senate Passed October 20th, 2017
    Roll Call Vote 51 Yea / 49 Nay
  • The house Passed October 26th, 2017
    Roll Call Vote 216 Yea / 212 Nay
      house Committees
      Committee on the Budget
    IntroducedJuly 21st, 2017

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What is House Bill H. Con. Res. 71?

(Updated 10/24/17): The Senate amended this resolution before passing it on October 19th by removing the requirement that tax reform legislation be deficit-neutral and allowing for up to $1.5 trillion in additional tax cuts; increasing defense spending caps; and eliminating the requirement for the House Budget Committee to produce savings under reconciliation. An additional bipartisan amendment eliminated future vote-a-ramas from the budgeting process. The House then passed that version of the budget resolution.

The House-passed version of this resolution would outline a $3.1 trillion budget for fiscal year 2018 and provide reconciliation instructions for the House Ways and Means Committee to produce deficit-neutral tax reform legislation, and other committees to produce legislation reducing deficits by $203 billion over a 10-year period. Budget levels for future fiscal years would be set to shrink the deficit over time and bring the budget into balance by 2027.

Federal spending for fiscal year 2018 would be set at $3.16 trillion, while tax revenue to the government would be $2.67 trillion, resulting in a deficit exceeding $494 billion. In future years the deficit is set to shrink over time to $359 billion in 2021 and $144 billion in 2025, before the budget balances and a surplus of about $4.9 billion is achieved in 2027.

The resolution would give reconciliation instructions to 11 House committees to produce legislation reducing the deficit by $203 billion over the 10 year budget window by October 6, 2017. The largest reductions would come from the Ways and Means Committee ($52 billion), the Judiciary Committee ($45 billion), and $20 billion each from the Education & Workforce Committee and the Energy & Commerce Committee.

The resolution would also reserve funds to be used for commercializing the air traffic control system, investing in national infrastructure, providing for tax reform, funding the State Children’s Health Insurance Program, and repealing and replacing Obamacare.

As a concurrent resolution, this legislation can’t become law so it wouldn’t go to the president’s desk for a signature. It's essentially Congress expressing its views on a policy matter - in this case on the budget, tax reform, Obamacare, and other programs. It doesn’t authorize any actual spending, instead it simply lays out budget levels that appropriators will have to work within.

Impact

The federal government and relevant congressional committees.

Cost of House Bill H. Con. Res. 71

A CBO cost estimate is unavailable.

More Information

In-DepthHouse Budget Committee Chairman Diane Black (R-TN) released the following statement on the introduction of this budget resolution:

“The House Republican Budget, ‘Building a Better America,’ does just that. It will lay out a path to balance, promote job creation, give our military the resources they need to protect our nation, and hold Washington accountable. This budget also sets out reconciliation instructions to fix our broken tax code and make long-overdue reforms to mandatory spending. The status quo is unsustainable. A mounting national debt and lackluster economic growth will limit opportunity for people all across the country. But we don’t have to accept this reality. We can move forward with an optimistic vision for the future and this budget is the first step in that process. This is the moment to get real results for the American people. The time for talking is over, now is the time for action.”

House Democrats expressed their opposition to this budget resolution and the tax reform legislation that would be produced by House through the reconciliation process:

“Nearly two months ago we debated President Trump’s budget. It was a shockingly extreme document that gave to the rich and took from everyone else… But this budget again displays total indifference to the challenges Americans face. The House budget embraces the worst extremes of the Trump proposal: tax cuts for millionaires and billionaires at the expense of American families, our economic progress, and our national security. The budget includes $5.4 trillion in mandatory and discretionary spending cuts. It reduces non-defense discretionary investments to the lowest level, relative to the size of the economy, since the 1960s, and then cuts more.”


Media:

Summary by Eric Revell

(Photo Credit: alfexe / iStock)

Official Title

Establishing the congressional budget for the United States Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027.

    This is the first step toward much needed tax reform and balancing the federal budget. This is common sense and needs to be passed to clear the way.
    Like (40)
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    This should require 60 votes and normal process
    Like (566)
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    Stop pushing burden onto middle class and taking away support for the poor just to make rich people pay less taxes. This is NOT what this country is about.
    Like (438)
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    This is so far out of whack!!! Vote no, give 45 something to complain about. Then IMPEACH him. This budget is all wrong. 45 getting tax breaks!!!! Show his tax returns!!! NOW!!!
    Like (280)
    Follow
    Share
    Never vote yes on a bill that is created behind closed doors. This will only make the rich richer by lowering taxes for the wealthy and big corporations. Trump claims that it will create more jobs, but it will only create richer CEOs that make billions already. Consequently, this will increase the deficit, excusing the elimination of Medicare & Social Security. It is proven the trickle down economics DOES NOT WORK.
    Like (192)
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    For Americans who are still capable of understanding simple math, removing estate taxes for the top 1% does not equal deficit reduction. Trump to base:"I get a billion dollars in tax relief. You get $500. But my plan actually hurts me and helps you."
    Like (121)
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    While the House should pass a budget, it should NOT pass this version. I support The People's Budget which will be offered as an amendment. The People's Budget creates jobs, creates a pathway out of poverty, supports our veterans, creates a sustainable defense through peace and diplomacy NOT war, provides educational opportunities for all - including tuition free college and expands Social Security.
    Like (88)
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    The only citizens who benefit from this tax reform are the wealthy and corporations. It’s time to stop corporate welfare
    Like (83)
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    This should be done in a bi-partisan manner. This country is not made up of only wealthy republicans. Any new tax reform should include input from Democrats as well.
    Like (75)
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    This is a scam. The rich and big business get cuts, the debt explodes and the country suffers.
    Like (60)
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    This budget does not benefit working class Americans. The tax reform benefits the wealthiest Americans and the budget threatens essential programs.
    Like (47)
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    After less than 3% growth for the entire 8 years of Obama administration. More people on food stamps and more people living pay check to pay check with a raise this economy needs more than a shot in the arm. This tax reform is similar to what President Kennedy proposed in 1961 and passed in1964. It is was projected to have huge deficits but the unemployment rate dived to 3.8% . Imagine if everyone who wanted a job is working , paying taxes and wiping out the deficits. If you say this is just tax reform for the rich you have never worked for a poor person then. Who do you think these "rich" people are hiring? They want to grow their businesses and can do so when the corporate tax goes from 39% to 29%. Then there is my personal favorite the Inheritance tax. It is not just for the rich as I found out when my husband died without a will. I paid $17,000 in inhertitantent
    Like (40)
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    NO welfare for the rich, NO welfare for corporations tax relief for the middle class where it will actually HELP the economy. History has shown us time and again that tax breaks for the wealthy lead to economic decline. STOP THE INSANITY!
    Like (39)
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    Please don’t exclude democrats in this very important process. Oh look the house passed it. They are really getting on my nerves. Please don’t exclude the Democrats!
    Like (36)
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    No more tax cuts for the rich they can afford their fair share. We can't afford to make up for it. Especially if we lose the DACA kids. This is insane, they think we pay their share while working to keep a roof over our heads while they can get tax breaks and rebates? No just no! Every one that votes to give rich people more money needs to lose their seats!
    Like (32)
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    If the tax reform bill is that good you should be able to get bipartisan support and not need reconciliation to get it passed! Since the bill and the Republicans are deceiving the American people, you should need 60 votes to get the bill to the floor of the Senate. Revenue neutral, what a joke!
    Like (28)
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    This tax reform bill is a blatant gift to the wealthy and corporate America. You need only look at the differences in benefit from the poor to the uber-wealthy. Republicans always claim it's a boost to the economy. Sometimes that is a result but it is always led to record deficits down the road since revenue is lost and spending (especially defense) continues to increase.
    Like (27)
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    This is a NO WIN for the working class. Don't keep the poor poorer while lining the pockets of the super wealthy.
    Like (26)
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    This budget is bad as are the tax cuts. We should never go forward with a budget just to get it done. This budget needs to be thoughtful with no cuts to Social Security, Medicare, Medicaid or any other safety net program.
    Like (24)
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    Have to start somewhere. Voting no keeps "STAGNANT Status Quo". We need a boost. Everyone is anticipating it. Such a shame if it doesn't happen due to stubbornness!
    Like (22)
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