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House Leaders Fail Again to Pass Budget

Some good news from Capitol Hill after the House and Senate both acted to pass a horrific tax cut bill. The GOP leadership in the House was once again unable to garner the necessary support from the rest of their caucus to pass their version of the FY2007 budget resolution.

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Senate Passes Tax Reconciliation Bill

Well, it only took the Republicans in Congress 15 months, but they finally passed the 2005 tax cut reconciliation bill this evening. The House passed the bill last night by a vote of 224 - 185 and the Senate voted 54 - 44 tonight to approve it. Three Democrats (Ben Nelson (NE), Bill Nelson (FL), and Mark Pryor (AR)) joined 51 Republicans to pass the misguided tax bill that overwhelmingly benefits the super-rich and uses outrageous gimmicks to circumvent common-sense budget rules. Sen. Chafee (R-RI), Snowe (R-ME), and Voinovich (R-OH) joined with 41 Democrats to oppose the bill.

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Thank you for subscribing to The Watcher. OMB Watch also provides issue-specific e-updates in a number of areas. Click on the links below to learn more and sign up: Budget Federal Budget Tax and spending priorities, the budget process, CBO and OMB reports, the budget resolution, and appropriations Estate Tax Alerts on the federal estate tax, including legislative updates and how changes affect federal and state budgets, charities and the wealth gap

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House Passes Tax Reconciliation Bill

Last night the House passed the tax reconciliation bill by a vote of 224-185. Fifteen Democrats voted along with Republicans to pass these costly and regressive tax cuts. Two Republicans, Sherwood Boehlert (R-NY) and Jim Leach (R-IA) placed fiscally responsible and compassionate votes by voting against this bill, which will cut almost $70 billion in taxes over the next five years. The Senate is expected to take up the bill today. An editorial in the Washington Post today makes a succinct point about this bill:

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House Approps Committee Approves Allocations

Yesterday the House Appropriations Committee approved the 302(b) allocations announced by Chairman Lewis on May 4. Again, the 302(b) allocations for FY07 are the division of about $873 billion in planned discretionary spending among the 11 Appropriations subcommittees. The allocations were approved yesterday by a 37-25 vote (along party-lines), after little discussion. The committee did reject an alternative offered by Democrats, as well as a proposal by Rep. Virgil Goode Jr. (R-VA) to boost funding for military construction and veterans' affairs.

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