House Approves Budget Resolution for FY '06
March 17, 2005
Washington D.C. - A $2.553 trillion budget for Fiscal Year 2006 was approved today by the U.S. House of Representatives. The document represents the House-approved framework for the next fiscal year's budget. A conference committee will reconcile the differences between the House and Senate resolutions.
U.S. Rep. Mac Thornberry (TX-13) voted with the majority as the House budget resolution passed by a margin of 218-214.
"We are faced with significant challenges as we work on the budget this year. While it is critical that we rein in spending, we must make sure we provide sufficient funding for our men and women fighting the War on Terrorism," said Thornberry.
Thornberry noted that while the budget does provide an increase of 4.8 % for defense spending, discretionary spending in non-security areas receives an overall reduction of 0.8 %.
"I am especially pleased that we have made more progress in reducing the burden taxes impose on American citizens," said Thornberry. The House budget resolution not only avoids tax increases, it also lays out $106 billion in tax relief over the next five years.
Of particular interest to the 13th District is the success the House achieved in restoring money to agriculture above the President's budget request. While the White House had sought to trim mandatory agriculture spending by $7.5 billion, the House resolution calls for a cut of $5.3 billion. Negotiations between the House and Senate will be an opportunity for further adjustments.
"I believe it is important for the government to follow through on the commitments it has made to agriculture. The Farm Bill is not only working, it is costing less than expected," said Thornberry.