The Senate Budget Committee will debate and vote on its FY18 budget resolution October 4-5. The resolution, released on September 29, sets topline spending levels at $549 billion for defense and $516 billion for nondefense discretionary programs, adhering to the spending caps required under the Budget Control Act (BCA) of 2011. These spending levels may be increased, however, if Congress can reach a bipartisan deal to lift the BCA spending caps. The budget resolution also slashes non-defense spending by $632 billion between 2018 and 2027. The resolution does not propose similar cuts to defense spending.
In addition to setting FY18 spending levels, the resolution includes reconciliation instructions to allow Republicans to pass a tax reform package that increases the national deficit by $1.5 trillion over a decade. The resolution does not propose large cuts to mandatory programs, like Medicaid and Social Security, in contrast to the House’s budget resolution, which will likely receive a floor vote sometime this week.
Learn more about the Senate budget resolution at: http://bit.ly/2yxOUb3