The budget deal includes a two-year, $300 billion increase to the defense and non-defense spending caps for fiscal years 2018 and 2019. The budget deal also includes tax extenders.
The funding deal finally breaks the strangle hold of the sequestration caps and is more on target for the program priorities essential to quality supportive housing.
Advocates are hopeful that the budget deal will result in much-needed stability and resources. But it is now critical that we all work to convince Congress to address improvements to the Low Income Housing Tax Credit.
“NDD United applauds lawmakers for crafting a bipartisan budget deal that, if enacted, will provide more than $130 billion in relief for critical non-defense programs over the next two years. This deal also has the potential to restore some regular order to the budget and appropriations process, and bring an end to the uncertainty caused by short-term government funding, fiscal cliffs, and shutdown threats.
As demonstrated in our recent report, Faces of Austerity 2.0: How Budget Cuts Continue to Make Us Sicker, Poorer, and Less Secure, additional investments are sorely needed for core functions of government that Americans rely on and benefit from every day-veterans’ services, education and job training, public health and safety, science, law enforcement, housing, natural resources, and more. We urge both the House and Senate to expeditiously pass the bipartisan deal to end the era of austerity by raising the caps, and to then distribute new funding across all nondefense sectors. Approving this budget deal to raise the caps will allow lawmakers to quickly enact final spending legislation for fiscal 2018, and get the fiscal 2019 budget process back on track.”
NDD United is alliance of more than 2,000 national, state, and local organizations working to protect investments in core government functions that benefit all Americans.