Budget Resolution Squeaks Through Senate

Oct 21, 2017

The Senate passed a budget resolution for the 2018 fiscal year. It passed 51-49. A budget resolution is a plan, not a policy according to David Primo of the Mercatus Center. The resolution lays out the “parameters for the real budget debate.” “The reconciliation instructions in the budget resolution are what will allow tax reform to avoid a filibuster . . .” Currently, the proposed budget “cuts government spending by $5.1 trillion and will create an on-budget surplus of $197 billion over the next decade . . . “ Mitch McConnell said, “Passing this budget is critical to getting tax reform done, so we can strengthen our economy after years of stagnation under the previous administration.” Senator Rand Paul was the only Republican to vote no on the budget resolution. “Today, the Senate considered a budget that simply didn’t measure up and spent too much. I will fight for the biggest, boldest tax cut we can pass, but I could not in good conscience vote for a budget that ignores spending caps that have been law of the land for years and simply pretend it didn’t matter.” I a tweet later in the day, Senator Paul warned Republicans that they had failed “a litmus test on cutting spending.”