Vote Smart's Synopsis:

Vote to pass a concurrent resolution that appropriates funds for fiscal year 2015 and recommends appropriations for fiscal years 2015 through 2024.

Highlights:

• Recommends total federal revenues for fiscal years 2015 through 2024 to be the following amounts (Sec. 101):
• $2.53 trillion for fiscal year 2015;
• $2.68 trillion for fiscal year 2016;
• $2.79 trillion for fiscal year 2017;
• $2.89 trillion for fiscal year 2018;
• $3.02 trillion for fiscal year 2019;
• $3.15 trillion for fiscal year 2020;
• $3.30 trillion for fiscal year 2021;
• $3.46 trillion for fiscal year 2022;
• $3.63 trillion for fiscal year 2023; and
• $3.81 trillion for fiscal year 2024.

• Specifies that the amount by which the aggregate levels of federal revenues should be changed for fiscal years 2015 through 2024 is $0 (Sec. 101).

• Recommends total new budget authority for fiscal years 2015 through 2024 to be the following amounts (Sec. 101):
• $2.84 trillion for fiscal year 2015;
• $2.86 trillion for fiscal year 2016;
• $2.96 trillion for fiscal year 2017;
• $3.06 trillion for fiscal year 2018;
• $3.21 trillion for fiscal year 2019;
• $3.36 trillion for fiscal year 2020;
• $3.46 trillion for fiscal year 2021;
• $3.59 trillion for fiscal year 2022;
• $3.66 trillion for fiscal year 2023; and
• $3.71 trillion for fiscal year 2024.

• Recommends total budget expenditures for fiscal years 2015 through 2024 to be the following amounts (Sec. 101):
• $386.19 billion for fiscal year 2015;
• $213.45 billion for fiscal year 2016;
• $159.84 billion for fiscal year 2017;
• $144.47 billion for fiscal year 2018;
• $170.79 billion for fiscal year 2019;
• $172.29 billion for fiscal year 2020;
• $138.74 billion for fiscal year 2021;
• $121.62 billion for fiscal year 2022;
• $6.12 billion for fiscal year 2023; and
• $131.01 billion for fiscal year 2024.

• Specifies that the on-budget deficits in accordance with the enforcement of this concurrent resolution for fiscal years 2015 through 2024 are the following amounts (Sec. 101):
• -$2.92 trillion for fiscal year 2015;
• -$2.89 trillion for fiscal year 2016;
• -$2.95 trillion for fiscal year 2017;
• -$3.04 trillion for fiscal year 2018;
• -$3.19 trillion for fiscal year 2019;
• -$3.32 trillion for fiscal year 2020;
• -$3.43 trillion for fiscal year 2021;
• -$3.58 trillion for fiscal year 2022;
• -$3.63 trillion for fiscal year 2023; and
• $3.68 trillion for fiscal year 2024.

• Specifies that the appropriate levels of public debt for fiscal years 2015 through 2024 are the following amounts (Sec. 101):
• $18.30 trillion for fiscal year 2015;
• $18.63 trillion for fiscal year 2016;
• $19.17 trillion for fiscal year 2017;
• $19.41 trillion for fiscal year 2018;
• $19.77 trillion for fiscal year 2019;
• $20.23 trillion for fiscal year 2020;
• $20.45 trillion for fiscal year 2021;
• $20.82 trillion for fiscal year 2022;
• $20.98 trillion for fiscal year 2023; and
• $21.09 trillion for fiscal year 2024.

• Specifies that the total Social Security new budget authority for fiscal years 2015 through 2024 is as follows (Sec. 101):
• $31.44 billion for fiscal year 2015;
• $34.25 billion for fiscal year 2016;
• $37.13 billion for fiscal year 2017;
• $40.14 billion for fiscal year 2018;
• $43.38 billion for fiscal year 2019;
• $46.75 billion for fiscal year 2020;
• $50.26 billion for fiscal year 2021;
• $53.94 billion for fiscal year 2022;
• $57.80 billion for fiscal year 2023; and
• $58.44 billion for fiscal year 2024.

• Specifies that the total Social Security expenditures for fiscal years 2015 through 2024 are as follows (Sec. 101):
• $18.30 billion for fiscal year 2015;
• $18.63 billion for fiscal year 2016;
• $19.17 billion for fiscal year 2017;
• $19.41 billion for fiscal year 2018;
• $19.77 billion for fiscal year 2019;
• $20.23 billion for fiscal year 2020;
• $20.45 billion for fiscal year 2021;
• $20.82 billion for fiscal year 2022;
• $20.98 billion for fiscal year 2023; and
• $21.09 billion for fiscal year 2024.

• Specifies that the total National Defense new budget authority for fiscal years 2015 through 2024 is as follows (Sec. 101):
• $31.52 billion for fiscal year 2015;
• $34.28 billion for fiscal year 2016;
• $37.13 billion for fiscal year 2017;
• $40.14 billion for fiscal year 2018;
• $43.38 billion for fiscal year 2019;
• $46.75 billion for fiscal year 2020;
• $50.26 billion for fiscal year 2021;
• $53.94 billion for fiscal year 2022;
• $57.80 billion for fiscal year 2023; and
• $58.44 billion for fiscal year 2024.

• Specifies that the total National Defense expenditures for fiscal years 2015 through 2024 are as follows (Sec. 101):
• $566.50 billion for fiscal year 2015;
• $573.06 billion for fiscal year 2016;
• $584.25 billion for fiscal year 2017;
• $593.80 billion for fiscal year 2018;
• $611.90 billion for fiscal year 2019;
• $626.18 billion for fiscal year 2020;
• $640.50 billion for fiscal year 2021;
• $661.18 billion for fiscal year 2022;
• $672.92 billion for fiscal year 2023; and
• $685.80 billion for fiscal year 2024.

• Prohibits the aggregate level of advance appropriations for fiscal year 2016 from exceeding $58.66 billion for the following programs in the Department of Veterans Affairs (Sec. 501):
• Medical Services;
• Medical Support and Compliance; and
• Medical Facilities accounts of the Veterans Health Administration.

• Specifies that the Patient Protection and Affordable Care Act should be repealed and replaced with reforms that make “affordable and quality” health care coverage available to all Americans (Sec. 603).

• Authorizes the Chair of the House Budget Committee to amend the appropriations in this concurrent resolution for the budgetary purposes of certain other measures including, but not limited to, the following measures (Secs. 301-310):
• 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.

• Specifies that this budget assumes the conversion of the federal share of Medicaid spending into a flexible state allotment that is indexed for inflation and population growth (Sec. 401).

• Specifies that this budget assumes the conversion of the Supplemental Nutrition Assistance Program (SNAP) into a state allotment “tailored” to meet each state’s needs, and requires “more stringent” work requirements and time limits under the Program (Sec. 401).

• Specifies that Congress should enact legislation that provides for “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. 602).

• Specifies that it is the policy of this concurrent resolution to address tuition inflation by completing certain actions including, but not limited to, the following actions (Sec. 606):
• Directing federal financial aid to those “most in need”;
• Maintaining the maximum Pell grant award level at $5,730; and
• Removing “regulatory barriers” in higher education.

Full Bill Text

Full Bill Text