House GOP FY17 Budget Summary

[Tiffany Kaszuba]

Below, please find the summary being circulated by the House GOP on the FY17 Budget Proposal.

 

FY2017 Budget Resolution

 

Budget

The FY2017 House Budget Resolution (Chairman Price), written at $1.070 trillion, is consistent with the Bipartisan Budget Act of 2015 and includes the following:

• Balances the budget within 10 years
• Instructions for a $30 billion mandatory savings package
• Cuts spending by more than $6 trillion
• Will fully fund defense base requirements
• Reconciliation instructions
  • Achieve additional mandatory reforms and savings through reconciliation instructions
• Fully repeals Obamacare and promotes access to patient-centered health care reform
• Saves, strengthens, and secures Medicare and Medicaid.

 

Appropriations

In order for the FY2017 appropriations process to move forward, the 302(a) allocation needs to be at the $1.070 trillion level established in the Bipartisan Budget Act of 2015. Speaker Ryan and Majority Leader McConnell have made a commitment to move FY2017 appropriations bills, and Leader McConnell reiterated his intent to do so at the GOP Conference meeting on Tuesday. A functioning appropriations process would provide the opportunity to:

• Potentially enact new conservative policy riders, such as:

o   ANDA

o   Prohibit implementation of WOTUS

o   DOL Fiduciary Rule

o   Prevent EPA implementation of new greenhouse gas regulations for new and existing power plants

• Past appropriations victories since we took the majority:
  • Cut the EPA back to 1989 staff levels (2,359 employees cut)
  • Banned public funding of abortions in Washington, DC
  • Prohibited the closure of Guantanamo Bay and the transfer of prisoners
  • Blocked the EPA’s coal dust rule
  • Blocked the EPA’s regulation of lead ammo
• Writing a budget less than $1.070 trillion will lead the Senate to block House appropriations bills and result in a Continuing Resolution at $1.067 trillion, $3.017 billion below the current cap of $1.070 trillion.
  • $2.997 billion comes from Defense
  • $40 million comes from Non-Defense

 

Mandatory Savings Package:

• $30 billion over two years mandatory savings package in conjunction with the FY2017 Budget Resolution

 

Budget Process Reforms:

• Consideration of a balanced budget amendment
• Consideration of baseline budget reforms