S Con Res 8 - An Original Concurrent Resolution Setting Forth the Congressional Budget for the United States Government for Fiscal Year 2014, Revising the Appropriate Budgetary Levels for Fiscal Year 2013, and Setting Forth the Appropriate Budgetary Levels for Fiscal Years 2015 Through 2023 - National Key Vote

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Title: An Original Concurrent Resolution Setting Forth the Congressional Budget for the United States Government for Fiscal Year 2014, Revising the Appropriate Budgetary Levels for Fiscal Year 2013, and Setting Forth the Appropriate Budgetary Levels for Fiscal Years 2015 Through 2023

Vote Smart's Synopsis:

Vote to pass a resolution that recommends appropriations for fiscal years 2013 through 2023.

Highlights:

  • Recommends total federal revenues for fiscal years 2013 through 2023 to be the following amounts (Sec. 101):
    • $2.04 trillion for fiscal year 2013;
    • $2.29 trillion for fiscal year 2014;
    • $2.65 trillion for fiscal year 2015;
    • $2.83 trillion for fiscal year 2016;
    • $2.97 trillion for fiscal year 2017;
    • $3.11 trillion for fiscal year 2018;
    • $3.25 trillion for fiscal year 2019;
    • $3.40 trillion for fiscal year 2020;
    • $3.59 trillion for fiscal year 2021;
    • $3.80 trillion for fiscal year 2022; and
    • $3.99 trillion for fiscal year 2023.
  • Recommends total new budget authority for fiscal years 2013 through 2023 to be the following amounts (Sec. 101):
    • $3.05 trillion for fiscal year 2013;
    • $2.96 trillion for fiscal year 2014;
    • $3.05 trillion for fiscal year 2015;
    • $3.21 trillion for fiscal year 2016;
    • $3.39 trillion for fiscal year 2017;
    • $3.57 trillion for fiscal year 2018;
    • $3.78 trillion for fiscal year 2019;
    • $3.97 trillion for fiscal year 2020;
    • $4.14 trillion for fiscal year 2021;
    • $4.35 trillion for fiscal year 2022; and
    • $4.49 trillion for fiscal year 2023.
  • Recommends total budget expenditures for fiscal years 2013 through 2023 to be the following amounts (Sec. 101):
    • $2.96 trillion for fiscal year 2013;
    • $3 trillion for fiscal year 2014;
    • $3.08 trillion for fiscal year 2015;
    • $3.24 trillion for fiscal year 2016;
    • $3.38 trillion for fiscal year 2017;
    • $3.54 trillion for fiscal year 2018;
    • $3.75 trillion for fiscal year 2019;
    • $3.93 trillion for fiscal year 2020;
    • $4.10 trillion for fiscal year 2021;
    • $4.32 trillion for fiscal year 2022; and
    • $4.45 trillion for fiscal year 2023.
  • Specifies that the deficits in accordance with the enforcement of this bill for fiscal years 2013 through 2023 are the following amounts (Sec. 101):
    • $917.98 billion for fiscal year 2013;
    • $706.95 billion for fiscal year 2014;
    • $435.78 billion for fiscal year 2015;
    • $406.49 billion for fiscal year 2016;
    • $409.14 billion for fiscal year 2017;
    • $431.14 billion for fiscal year 2018;
    • $504.68 billion for fiscal year 2019;
    • $526.67 billion for fiscal year 2020;
    • $511.28 billion for fiscal year 2021;
    • $522.72 billion for fiscal year 2022; and
    • $459.67 billion for fiscal year 2023.
  • Specifies that the appropriate levels of public debt for fiscal years 2013 through 2023 are the following amounts (Sec. 101):
    • $17.11 trillion for fiscal year 2013;
    • $18.01 trillion for fiscal year 2014;
    • $18.63 trillion for fiscal year 2015;
    • $19.22 trillion for fiscal year 2016;
    • $19.87 trillion for fiscal year 2017;
    • $20.56 trillion for fiscal year 2018;
    • $21.31 trillion for fiscal year 2019;
    • $22.10 trillion for fiscal year 2020;
    • $22.86 trillion for fiscal year 2021;
    • $23.64 trillion for fiscal year 2022; and
    • $24.37 trillion for fiscal year 2023.
  • Specifies that the total Social Security revenues for fiscal years 2013 through 2023 are as follows (Sec. 102):
    • $669.92 billion for fiscal year 2013;
    • $731.72 billion for fiscal year 2014;
    • $766.39 billion for fiscal year 2015;
    • $812.20 billion for fiscal year 2016;
    • $861.55 billion for fiscal year 2017;
    • $908.13 billion for fiscal year 2018;
    • $951.69 billion for fiscal year 2019;
    • $994.86 billion for fiscal year 2020;
    • $1.04 trillion for fiscal year 2021;
    • $1.08 trillion for fiscal year 2022; and
    • $1.13 trillion for fiscal year 2023.
  • Specifies that the total Social Security expenditures for fiscal years 2013 through 2023 are as follows (Sec. 102):
    • $634.82 billion for fiscal year 2013;
    • $711.36 billion for fiscal year 2014;
    • $756.95 billion for fiscal year 2015;
    • $805.97 billion for fiscal year 2016;
    • $856.93 billion for fiscal year 2017;
    • $907.68 billion for fiscal year 2018;
    • $962.04 billion for fiscal year 2019;
    • $1.02 trillion for fiscal year 2020;
    • $1.09 trillion for fiscal year 2021;
    • $1.16 trillion for fiscal year 2022; and
    • $1.23 trillion for fiscal year 2023.
  • Specifies that the total National Defense new budget authority for fiscal years 2013 through 2023 is as follows (Sec. 104):
    • $648.22 billion for fiscal year 2013;
    • $560.24 billion for fiscal year 2014;
    • $567.55 billion for fiscal year 2015;
    • $575.02 billion for fiscal year 2016;
    • $582.65 billion for fiscal year 2017;
    • $590.41 billion for fiscal year 2018;
    • $598.87 billion for fiscal year 2019;
    • $607.45 billion for fiscal year 2020;
    • $616.14 billion for fiscal year 2021;
    • $625.57 billion for fiscal year 2022; and
    • $636.48 billion for fiscal year 2023.
  • Specifies that the total National Defense expenditures for fiscal years 2013 through 2023 are as follows (Sec. 104):
    • $658.25 billion for fiscal year 2013;
    • $599.64 billion for fiscal year 2014;
    • $575.70 billion for fiscal year 2015;
    • $575.20 billion for fiscal year 2016;
    • $573.56 billion for fiscal year 2017;
    • $574.88 billion for fiscal year 2018;
    • $587.23 billion for fiscal year 2019;
    • $595.19 billion for fiscal year 2020;
    • $603.37 billion for fiscal year 2021;
    • $617.19 billion for fiscal year 2022; and
    • $621.60 billion for fiscal year 2023.
  • Authorizes the Chair of the Senate Budget Committee to amend appropriations in any legislation regarding “sequestration” procedures (Sec. 301).
  • Authorizes the chair to amend appropriations in any legislation that is related to “broadening the impact of the sequester”, including authorizing members of Congress to donate 20 percent to charity or to the Department of the Treasury if such sequestration procedures remain in effect (Sec. 358).
  • Authorizes the Chair to withhold the salaries of the Office of Management and Budget Director Deputy Director, Deputy Director for Management, or all 3 officials for the period of time after the president does not submit a budget to Congress and until a budget is submitted by the president (Sec. 345).
  • Authorizes the Chair to amend appropriations in any legislation that is related to corporate income taxes (Secs. 324, 369 & 378).
  • Authorizes the Chair to amend appropriations in any legislation that is related to subsidies or funding for bank holding companies with more than $500 billion in total assets, including the repeal of any federal assistance subsidy or funding (Sec. 347).
  • Authorizes the Chair to amend appropriations in any legislation that is related to health care including, but not limited to, women’s access to health care, and the extension of expiring Medicare, Medicaid, or other health provisions (Secs. 311 & 335).
  • Prohibits the Senate from considering any legislation for fiscal years 2013 and 2014 that would cause discretionary spending limits in this bill to be exceeded (Sec. 401).

Title: An Original Concurrent Resolution Setting Forth the Congressional Budget for the United States Government for Fiscal Year 2014, Revising the Appropriate Budgetary Levels for Fiscal Year 2013, and Setting Forth the Appropriate Budgetary Levels for Fiscal Years 2015 Through 2023

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