CHN: FY2016 Congressional Budget Proposals Highlight Differences in Priorities
Several budget proposals were released this week for Fiscal Year 2016 and beyond. The differences in them highlight the major ideological differences and partisan priorities, both amongst themselves and when compared with the President’s budget released last month. While the House and Senate Budget Committee budgets cut taxes for the wealthy, cut human needs programs, and repeal the Affordable Care Act, the Congressional Progressive Caucus budget offers a plan to invest in broadly shared economic growth and economic security for all Americans.
Congressional budget resolutions serve as an outline, providing an overall total funding level for annual appropriations and including policy recommendations, but without the line-item detail of the President’s budget. Because it is not legislation, a Congressional budget resolution does not require the President’s signature. Usually, the only parts of the budget resolution binding on Congress are the appropriations funding levels, and those only become binding if the House and Senate can agree on a joint budget resolution, which is likely this year.
Below are some of the major points of each of the budget blueprints: