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Title: 2010 Concurrent Budget Resolution
Vote Smart's Synopsis:
Vote to pass a concurrent resolution that recommends that for fiscal years 2009, 2010, 2011, 2012, 2013, and 2014 the total federal revenues be $12 trillion, the total new budget authority be $18.5 trillion, and the total budget outlays be $18.4 trillion.
- Recommends the following new budget authorities for specific categories in fiscal years 2009, 2010, 2011, 2012, 2013 and 2014 (Sec. 104):
- $3.52 trillion for National Defense;
- $3.02 trillion for Medicare;
- $2.93 trillion for Income Security;
- $2.28 trillion for Health;
- $656 billion for Veterans Benefits and Services;
- $572 billion for Transportation; and
- $164 billion for Social Security.
- Requires the Senate Committees on Finance and on Health, Education, Labor and Pensions to report legislative changes that reduce the deficit by $1 trillion in each of their jurisdictions for fiscal year 2009 through fiscal year 2014 (Sec. 201).
- Requires the House Committees on Energy and Commerce, on Ways and Means, and on Education and Labor to report legislative changes that reduce the deficit by $1 trillion in each of their jurisdictions for fiscal year 2009 through fiscal year 2014 (Sec. 202).
- Provides Senate and House reserve funds for legislation that would fund health care reform (Sec. 301, 321).
- Provides House reserve funds for legislation that would fund renewable energy projects and reduce greenhouse gas emissions (Sec. 323).
- Provides Senate and House reserve funds for legislation that would make higher education more accessible and affordable through student financial aid (Sec. 303, 322).
- Provides Senate reserve funds for legislation promoting economic growth through manufacturing, tax reform and housing and unemployment assistance (Sec.306).
- Sets Senate discretionary spending limits for fiscal year 2009 and fiscal year 2010 of $1.4 trillion and $1.08 trillion in new budget authorities, respectively (Sec. 401).
- Mandates that all committees in the Senate conduct performance reviews of all government programs in their respective jurisdictions, and provide annual recommendations for improvements (Sec. 411).
- Mandates that all committees in the House conduct oversight hearings on all aspects of Federal spending and Government operations, and to make recommendations that may reduce the deficit (Sec. 425).
- States that Congress supports the extension of $1.75 trillion in tax relief for families defined as middle class, and that such relief may be paid for through higher rates of tax compliance and tax simplification (Sec. 501).
- States that Congress supports improved health care for war veterans (Sec. 502, 601).