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Vote Smart's Synopsis:

Vote to pass a concurrent resolution that appropriates funds for fiscal year 2014 and recommends appropriations for fiscal years 2014 through 2023.

Highlights:

• Recommends total federal revenues for fiscal years 2014 through 2023 to be the following amounts (Sec. 101):
• $2.27 trillion for fiscal year 2014;
• $2.61 trillion for fiscal year 2015;
• $2.78 trillion for fiscal year 2016;
• $2.90 trillion for fiscal year 2017;
• $3.03 trillion for fiscal year 2018;
• $3.15 trillion for fiscal year 2019;
• $3.29 trillion for fiscal year 2020;
• $3.46 trillion for fiscal year 2021;
• $3.65 trillion for fiscal year 2022; and
• $3.83 trillion for fiscal year 2023.

• Specifies that the amount by which the aggregate levels of Federal revenues should be changed for fiscal years 2014 through 2023 is $0 (Sec. 101). 

• Recommends total new budget authority for fiscal years 2014 through 2023 to be the following amounts (Sec. 101):
• $2.77 trillion for fiscal year 2014;
• $2.68 trillion for fiscal year 2015;
• $2.86 trillion for fiscal year 2016;
• $2.99 trillion for fiscal year 2017;
• $3.11 trillion for fiscal year 2018;
• $3.28 trillion for fiscal year 2019;
• $3.42 trillion for fiscal year 2020;
• $3.54 trillion for fiscal year 2021;
• $3.68 trillion for fiscal year 2022;
• $3.77 trillion for fiscal year 2023.

• Recommends total budget expenditures for fiscal years 2014 through 2023 to be the following amounts (Sec. 101):
• $2.82 trillion for fiscal year 2014;
• $2.74 trillion for fiscal year 2015;
• $2.85 trillion for fiscal year 2016;
• $2.96 trillion for fiscal year 2017;
• $3.08 trillion for fiscal year 2018;
• $3.23 trillion for fiscal year 2019;
• $3.37 trillion for fiscal year 2020;
• $3.50 trillion for fiscal year 2021;
• $3.67 trillion for fiscal year 2022; and
• $3.72 trillion for fiscal year 2023.

• Specifies that the on-budget deficits in accordance with the enforcement of this concurrent resolution for fiscal years 2014 through 2023 are the following amounts (Sec. 101):
• -$544.15 billion for fiscal year 2014;
• -$130.26 billion for fiscal year 2015;
• -$71.54 billion for fiscal year 2016;
• -$54.95 billion for fiscal year 2017;
• -$50.35 billion for fiscal year 2018;
• -$82.41 billion for fiscal year 2019;
• -$89.73 billion for fiscal year 2020;
• -$38.48 billion for fiscal year 2021;
• -$16.83 billion for fiscal year 2022; and
• $110.07 billion for fiscal year 2023.

• Specifies that the appropriate levels of public debt for fiscal years 2014 through 2023 are the following amounts (Sec. 101):
• $12.85 trillion for fiscal year 2014;
• $13.07 trillion for fiscal year 2015;
• $13.23 trillion for fiscal year 2016;
• $13.36 trillion for fiscal year 2017;
• $13.49 trillion for fiscal year 2018;
• $13.65 trillion for fiscal year 2019;
• $13.84 trillion for fiscal year 2020;
• $13.99 trillion for fiscal year 2021;
• $14.15 trillion for fiscal year 2022; and
• $14.21 trillion for fiscal year 2023.

• Specifies that the total Social Security new budget authority for fiscal years 2014 through 2023 is as follows (Sec. 102):
• $27.51 billion for fiscal year 2014;
• $30.23 billion for fiscal year 2015;
• $33.37 billion for fiscal year 2016;
• $36.69 billion for fiscal year 2017;
• $40.01 billion for fiscal year 2018;
• $43.42 billion for fiscal year 2019;
• $46.95 billion for fiscal year 2020;
• $50.47 billion for fiscal year 2021;
• $54.24 billion for fiscal year 2022; and
• $58.44 billion for fiscal year 2023.

• Specifies that the total Social Security expenditures for fiscal years 2014 through 2023 are as follows (Sec. 102):
• $27.62 billion for fiscal year 2014;
• $30.31 billion for fiscal year 2015;
• $33.41 billion for fiscal year 2016;
• $36.69 billion for fiscal year 2017;
• $40.01 billion for fiscal year 2018;
• $43.42 billion for fiscal year 2019;
• $46.95 billion for fiscal year 2020;
• $50.47 billion for fiscal year 2021;
• $54.24 billion for fiscal year 2022; and
• $58.44 billion for fiscal year 2023.

• Specifies that the total National Defense new budget authority for fiscal years 2014 through 2023 is as follows (Sec. 102):
• $560.23 billion for fiscal year 2014;
• $574.36 billion for fiscal year 2015;
• $585.56 billion for fiscal year 2016;
• $598.82 billion for fiscal year 2017;
• $612.13 billion for fiscal year 2018;
• $625.45 billion for fiscal year 2019;
• $639.78 billion for fiscal year 2020;
• $654.10 billion for fiscal year 2021;
• $671.18 billion for fiscal year 2022; and
• $688.64 billion for fiscal year 2023.

• Specifies that the total National Defense expenditures for fiscal years 2014 through 2023 are as follows (Sec. 102):
• $579.24 billion for fiscal year 2014;
• $563.98 billion for fiscal year 2015;
• $570.29 billion for fiscal year 2016;
• $575.46 billion for fiscal year 2017;
• $582.68 billion for fiscal year 2018;
• $600.51 billion for fiscal year 2019;
• $614.25 billion for fiscal year 2020;
• $628.27 billion for fiscal year 2021;
• $649.22 billion for fiscal year 2022; and
• $660.46 billion for fiscal year 2023.

• Authorizes the Chair of the House Budget Committee to amend the appropriations in this concurrent resolution for the budgetary purposes of certain measures including, but not limited to, the following measures (Secs. 401-409):
• A measure that only consists of the repeal of the Patient Protection and Affordable Care Act and the health care-related provisions of the Health Care and Education Reconciliation Act of 2010;
• A measure that repeals all or part of the decreases in Medicare spending included in the Patient Protection and Affordable Care Act or the Health Care and Education Reconciliation Act of 2010; or
• A measure that amends the Internal Revenue Code.

• Transfers the federal share of Medicaid spending into a flexible state allotment that is indexed for inflation and population growth (Sec. 501).

• Specifies that Congress should enact legislation during fiscal year 2014 that provides for a “comprehensive reform” of the U.S. tax code including, but not limited to, reducing the corporate tax rate to 25 percent and repealing the Alternative Minimum Tax (Sec. 702).

Full Bill Text

Full Bill Text