For housing programs, this bill provides sufficient funding to renew all existing rental assistance for Section 8, and for public housing, elderly, and disability housing programs.
Demanding that policymakers cut spending and/or raise taxes even when the economy slows is the opposite of what is needed to stabilize a weak economy and avert recessions.
The House is at a stalemate in advancing its proposed budget resolution approved by the Budget Committee in March 2016 in a party-line vote.
There are no major cuts, a few programs received funding increases and the bill ensures continued assistance to households currently served by HUD.
The Senate is recommending HUD funding at $39.2B, an increase of nearly $89M above the FY2016 enacted level and $446M below the budget request.
Non-defense spending in the House Budget would fall to 2.8% of the gross domestic product and would continue to fall to record lows.
The budget would cut programs for poor people by an unprecedented amount while taking a strikingly unbalanced approach to deficit reduction.
At the the end of a nine-hour mark-up on March 16, 2016, the House Budget Committee passed a fiscal year (FY)17 budget resolution by a vote of 20-16.
Join us in DC on July 13th for the Congressional Reception to ensure a budget that works for our communities and will end homelessness in NJ.
Chair Price is said to be negotiating a variety of cuts, including to entitlement programs, to offset the $30B in increased discretionary spending.