Barletta Votes for Budget Resolution, First Step to Tax Reform
WASHINGTON—Today, Congressman Lou Barletta (PA-11) voted in favor of the Fiscal Year (FY) 2018 budget resolution, which paves the way for tax reform. The resolution, Senate Amendment to H. Con. Res. 71, will activate the budget reconciliation process and allow for passage of tax reform in the Senate by simple majority. The resolution passed the House by a vote of 216 to 212
“The budget resolution we passed today is about providing relief for American families. It’s unfortunate that the obstruction of a few Senators requires the entire Congress to operate by a complicated budget process just to give tax cuts a chance. I refuse to be a part of the small group of obstructionist politicians in Washington working against the interests of my constituents in Pennsylvania. Congress needs to work for Americans, not against them. This vote paves the way for tax reform and I’m proud support the first important step to raise wages, bring jobs home, and incentivize economic growth.”
The resolution calls for $5.1 trillion in spending reductions over 10 years and assumes $1.2 trillion in deficit reduction from the macroeconomic benefits of faster economic growth. The plan expects reduced annual deficits to about $154 billion in FY 2027, with on-budget surpluses of $79 billion in FY 2026 and $197 billion FY 2027.
The bill also allows for an increase to defense spending with $549 billion for base defense programs and $76.6 billion in Overseas Contingency Operations.
“Tax reform for working Americans is must pass legislation for the Congress this year. The budget resolution brings us one step closer to the goal of relieving American workers and families from the suffocating policies of Washington.”