House Passes Building a Better America Budget

Press Release

Today, the United States House of Representatives passed the Building a Better America Budget Resolution for fiscal year 2018.

H. Con. Res. 71, the Fiscal Year 2018 Budget Resolution balances the budget within ten years through spending reductions, government reforms, and economic growth. The Resolution produces a $9 billion surplus by fiscal year 2027 and achieves $6.5 trillion in total deficit reduction over ten years.
U.S. Congressman David G. Valadao (CA-21) stated, "The Building a Better America budget is a step in the right direction. This budget strengthens our national defense, unlocks pro-growth tax reform while balancing our federal budget over the next ten years.

Washington's spending problem is out of control, surpassing $20 trillion in national debt. This budget works to put our nation back on track, reducing spending while allowing Congress to make thoughtful, responsible decisions on how to fund federal agencies and programs."

H. Con. Res. 71, the Fiscal Year 2018 Budget Resolution was passed by a vote of 219 to 206 on Thursday, October 5, 2017.

Highlights of the bill include:
Sets overall discretionary spending for fiscal year 2018 at $1.132 trillion
$621.5 billion in defense discretionary spending
$511 billion in non-defense discretionary spending
Provides an additional $75 billion for Overseas Contingency Operations (OCO) to fight the war on terror
Triggers the reconciliation process which will allow Congress to overhaul our tax code to make it more simple and fair
Balances the budget by the year 2027

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