House and Senate to move budget resolutions
October 02, 2017
The Senate Budget Committee will mark up its FY 2018 budget resolution this week, while the full House of Representatives will simultaneously vote on its own budget measure. The Senate measure for FY 2018 recommends no change to the current spending caps, while the House resolution would cut nondefense spending by an additional $5 billion, or 1.5 percent, and pursue a multibillion-dollar defense boost, which would be well above what’s allowable under the current caps. However, these recommendations are essentially placeholders while Congress searches for a broader deal to raise the spending caps this fall. Instead, the primary goal of these resolutions is to fast-track the tax reform plan recently unveiled by the White House.