NOTE: THIS IS A NON-BINDING CONCURRENT BUDGET RESOLUTION THAT SETS THE FUNDING LEVEL FOR DISCRETIONARY SPENDING. IT IS NOT SIGNED BY THE PRESIDENT AND THEREFORE DOES NOT HOLD THE WEIGHT OF LAW, BUT IS USED AS A GUIDE FOR CONGRESS AS IT PASSES THE ANNUAL APPROPRIATION AND OTHER BILLS.
Vote to adopt a concurrent resolution that would set spending and revenue levels for the congressional budget of the United States Government for fiscal year 2005, as well as establish appropriate budgetary levels for fiscal years 2004 to 2009.
Aims to reduce federal revenues by $152.6 billion over five years (Sec. 101).
Appropriates a total of $2.4 trillion in funds for fiscal year 2005 (Sec. 101).
Appropriates a total of $13.1 trillion for fiscal years 2005 to 2009 (Sec. 101).
Appropriates $819 billion of discretionary spending for the 2005 fiscal year (Sec. 102).
Appropriates $419 billion in defense spending for the 2005 fiscal year (Sec. 102).