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House
Passes Disciplined Budget Resolution
Agreement
Reached on Reforms of Congressional Budget Process – Including Ryan’s
Legislative Line-item Veto Proposal
WASHINGTON
– U.S. Rep. Paul Ryan (R.-Wis.) voted in support of the Fiscal Year 2007
Budget Resolution, which passed the House of Representatives today by a vote of
218-210. This broad budget blueprint sets the overall spending cap for
regular appropriations bills at $873 billion (equal to the President’s
budget), restrains non-security discretionary spending, and calls for further
progress to slow the pace of growth in government spending on entitlements.
This spending cap is $16 billion lower than the spending provided for by the
Senate Budget Resolution.
In
negotiations leading up to passage of the House Budget Resolution, Ryan and
other proponents of reforming the congressional budget process secured a
commitment from House leadership that the House would act on key reform
proposals to instill greater fiscal discipline. Specifically, this budget
resolution establishes for the first time ever a “rainy day” fund to better
budget for emergencies. If emergency spending exceeds this reserve, it
requires the Budget Committee to vote on whether to increase budget limits.
The bill also narrowly defines emergencies so Congress cannot add miscellaneous
pork to emergency spending bills. In addition, the House is committed to
voting this summer on Ryan’s legislative line-item veto bill, as well as a
bill to establish a sunset commission to reduce wasteful government spending.
Moreover,
earmark reform measures that passed the House earlier this month as part of
lobbying accountability legislation were another part of this drive to reform
the budget process to ensure greater transparency and help restrain unnecessary
spending.
“This
budget resolution puts a much-needed cap on this year’s spending bills.
It’s clear the Senate wants to spend more money, and this Budget Resolution
will help us keep spending down. Without this resolution, there would have
been no cap on spending, making it nearly impossible to enforce fiscal restraint
as Congress considers its annual spending bills. Together with the budget
reforms that we are pushing, this resolution is a vital tool to help us keep
spending under control,” Ryan said. “By keeping both taxes and spending
down, we can reduce the deficit and balance the budget.”
The
budget resolution is shaped by several priorities: keeping the economy
growing and creating jobs, maintaining a strong national defense and providing
what is needed to support our troops, controlling government spending, and
beginning to reform the budget process itself to instill greater fiscal
discipline and provide more accurate budgeting.
Among its provisions, the budget resolution:
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Nearly freezes non-security discretionary spending.
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Allows increases in defense and homeland security to provide what is needed to support our troops and keep our nation’s defenses strong. Also continues to set aside a $50 billion reserve for war costs.
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Includes $6.8 billion in savings in mandatory (entitlement) spending over five years, calling for common-sense reforms to slow the growth of government spending on entitlements. This spending operates on auto-pilot and is growing faster than our economy, faster than inflation, and faster than our means to sustain it.
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Establishes a new “rainy day” fund to better budget for natural disasters. If emergency spending on natural disasters exceeds this emergency reserve, the Budget Committee would be required to vote on whether to increase budget limits. This provision is part of a series of budget process reforms. In keeping with an agreement reached on the budget resolution, other key reform proposals will be voted on in the coming weeks and months, including Rep. Ryan’s line-item veto legislation to reduce wasteful spending and improve accountability and transparency in Congress.
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Contact: Kate
Matus (202) 226-7326
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