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HR 1871 - Baseline Reform Act of 2014 - National Key Vote

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Title: Baseline Reform Act of 2014

Vote Smart's Synopsis:

Vote to pass a bill that removes automatic inflation for future fiscal year budgets from the budget baseline formula and requires the Congressional Budget Office to report on the Long-Term Budget Outlook for the next 40 fiscal years.

Highlights:

  • Repeals certain adjustments to the budget baseline formula used to calculate for the budget year and the following 9 years of discretionary spending including, but not limited to, adjustments for inflation (Sec. 2).
  • Requires the Congressional Budget Office to submit the “Long-Term Budget Outlook” for the fiscal year commencing on October 1 of that year and at least the following 40 fiscal years to the Budget Committees of the House of Representatives and Senate by July 1 of each year (Sec. 2).

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