H.Con.Res.14 - Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. (119th Congress)
Summary
H.Con.Res.14 establishes the congressional budget for the U.S. government for fiscal year 2025 and sets budgetary levels through 2034. It outlines recommended levels for federal revenues, new budget authority, outlays, deficits, and debt. The resolution also specifies budgetary allocations for major functional categories, including national defense, health, and net interest.
Expected Effects
This resolution will set the framework for congressional appropriations and spending decisions for the next decade. It includes reconciliation instructions for various House committees, aiming to reduce the deficit through changes in laws within their respective jurisdictions. The resolution also includes policy statements on economic growth, mandatory spending reduction, and government deregulation, signaling priorities for legislative action.
Potential Benefits
- Could lead to reduced government spending and lower deficits if reconciliation targets are met.
- May promote economic growth through deregulation and tax policies.
- Could improve national security through allocated defense spending.
- Could enhance infrastructure through transportation spending.
- May streamline government operations through government-wide savings initiatives.
Most Benefited Areas:
Potential Disadvantages
- Could lead to cuts in essential social programs if mandatory spending reduction targets are aggressively pursued.
- May negatively impact certain sectors due to deregulation.
- Could increase the national debt if deficit reduction targets are not met.
- May disproportionately affect vulnerable populations if social equity is not prioritized.
- Could face political gridlock and implementation challenges due to conflicting priorities.
Constitutional Alignment
The resolution aligns with Article I, Section 8 of the Constitution, which grants Congress the power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defense and general welfare of the United States. It also aligns with the principle of separation of powers, as it involves both the House and Senate in the budget process. The emphasis on deregulation could be seen as aligning with principles of limited government, though the specific regulations targeted would need to be evaluated for their constitutionality and impact on individual rights.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).