House Adopts FY 2015 Budget Resolution

U.S. House Budget Committee Chairman Paul Ryan (R-WI)

U.S. House Budget Committee Chairman Paul Ryan (R-WI)

By a vote of 219-205, the U.S. House of Representatives adopted Budget Chairman Paul Ryan’s (R-WI) spending proposal (H Con Res 96) achieving a balanced budget by fiscal 2024. Twelve Republicans voted with Democrats against the budget plan. Click here for the roll call vote.

The House adopted the FY 2015 budget resolution despite previous enactment of discretionary budget caps totaling $1.014 trillion that were agreed to under the budget agreement (PL 113-67) struck by Senate and House Budget Committee Chairs, Senator Patty Murray (D-WA) and Paul Ryan (R-WI) in December of last year.

As expected the House budget resolution adhered to the individual defense and non-defense caps included in the earlier adopted budget agreement.  House republicans also propose to reduce spending by $5.1 trillion over the next 10 years by repealing the 2010 health care law (PL 111-148, PL 111-152) and reducing spending on Medicare,
Medicaid and other health programs. Republicans are also relying on stronger economic growth.

Earlier in the day, the House rejected  a budget alternative (133-291) offered by the conservative Republican Study Committee (RSC).  The RSC proposed to reduce spending by $7.4 trillion over 10 years and discretionary spending would be pared back to fiscal 2008 levels.  Under the proposal the federal budget would be balanced by fiscal 2018.

The House also rejected 163-261 an alternative budget plan offered by Budget Committee Ranking Member Chris Van Holland (D-MD). The Democratic proposal also preserved the $1.014 trillion top line for discretionary spending and the separate limits on defense and nondefense spending for fiscal 2015.  It would have reduced the U.S. deficit by $1.8 trillion through tax increases and cutting spending by $27 billion.



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