Senate OKs budget, but not done
Congress faces Dec. 8 deadline to finish FY2018 spending bills
The Senate GOP majority approved a fiscal 2018 budget resolution that would cut Medicaid and Medicare and allow the GOP’s tax package to add as much as $1.5 trillion to the U.S. deficit.
The budget plan, if passed by the House, would allow “reconciliation” legislative procedures to be applied so that Senate Democrats could not filibuster upcoming GOP tax proposals. Filibusters require 60 votes to break.
The Senate budget resolution would need to be passed by the House to achieve reconciliation. Passage is uncertain because the House’s budget resolution did not allow for increasing the U.S. deficit.
The Senate plan would cut Medicare by $473 billion, and Medicaid by about $1 trillion, over the next 10 years.
There are $5 trillion in total cuts proposed over 10 years, but most are not specified.
It would set fiscal 2018 spending at fiscal 2017 levels for the year, but then reduce non-defense spending in subsequent years.
The vote in the Senate was 51 to 49, with no Democratic support. The Democrats said the bill would add to the deficit, cut Medicare and Medicaid and increase taxes for the middle class.
Congress still must approve the final appropriations for fiscal 2018 by Dec. 8 or risk a shutdown. A continuing resolution also is possible.