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 appropriations and spending decisions in Congress. It includes reconciliation instructions, potentially leading to legislative changes aimed at reducing the deficit. The policy statements signal intentions for economic growth, mandatory spending reduction, and government deregulation.
Potential Benefits
- Potential for long-term fiscal stability through spending cuts and deficit reduction.
- Increased national security spending.
- Focus on economic growth through deregulation and tax policies.
- Potential for reduced government overreach and bureaucracy.
- Emphasis on free market principles.
Potential Disadvantages
- Significant cuts to non-defense discretionary spending.
- Potential negative impacts on social programs and public services.
- Increased national debt despite deficit reduction efforts.
- Reliance on reconciliation instructions that may face political challenges.
- Potential for economic disruption due to rapid spending cuts.
Constitutional Alignment
The concurrent resolution aligns with Article I, Section 8 of the Constitution, which grants Congress the power to lay and collect taxes, pay debts, and provide for the common defense and general welfare of the United States. The budget process itself is an exercise of Congress's legislative powers, as outlined in Article I, Section 1. However, the specific policies enacted through reconciliation could face constitutional challenges if they infringe upon individual rights or exceed the scope of federal power.
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).