Sponsors (11)
Introduced February 10, 2025 by Andy Harris · Last progress February 10, 2025
The resolution provides a clearer, multi-year federal budget and avoids immediate default while protecting retirement programs, but achieves that predictability by locking in funding priorities and strict outlay targets that risk higher long‑term debt and cuts to non‑protected domestic programs.
All Americans (taxpayers, federal agencies, and state/local governments) gain a clear multi-year federal budget blueprint (FY2025 and FY2026–FY2034) that improves predictability for appropriations, fiscal planning, and enforcement.
Seniors, veterans, and retirement program beneficiaries see protected and specified funding levels for Social Security, Medicare, and veterans' functions, improving benefit predictability.
Households, businesses, and beneficiaries avoid an immediate fiscal crisis because the resolution authorizes raising the statutory debt limit (by up to $4 trillion), preventing default and preserving federal payments and benefits.
Taxpayers and future generations face a higher long-term debt burden if the combination of defense, health, and entitlement increases and the debt-limit authorization are not offset by sufficient savings, potentially leading to future tax increases or spending cuts.
Middle-class families, communities, and public services risk cuts because strict outlay targets and required deficit reductions prioritize protecting Social Security/Medicare while forcing reductions in other non‑protected programs (infrastructure, research, social services).
Domestic discretionary programs (education, research, rural services) could be crowded out as sizable, multi-year defense increases are prioritized, reducing funding available for non-defense priorities.
Based on analysis of 5 sections of legislative text.
Establishes FY2025–FY2034 budget totals and functional spending targets, issues reconciliation instructions (including deficit-reduction minima) and directs a $4 trillion debt-limit increase proposal.
Sets federal budget totals and spending targets for fiscal years 2025–2034, replacing prior concurrent budget resolutions and establishing recommended annual budget authority, outlays, deficits, and debt levels by major functional categories. It directs House committees to produce reconciliation legislation to meet explicit deficit-reduction and permitted deficit-increase targets and requires Ways and Means to submit changes to raise the statutory federal debt limit by $4 trillion. Directs committees to deliver proposals to the House Budget Committee by February 27, 2025; includes specific dollar targets for defense and other functions, minimum deficit savings required of named committees, and a stated policy goal to restore federal spending to pre-COVID levels while protecting Social Security and Medicare and holding debt-service obligations in mind.