Congressional Budget Resolution FY2008 (Revised FY2007)
Current understanding
The House FY2008 budget resolution sets nonbinding congressional revenue, spending, deficit, and debt targets through FY2012 and revises FY2007 levels. It creates reserve funds allowing later legislation on children’s health insurance, taxes, Medicare, agriculture, higher education, energy, and housing to proceed without breaching those targets. As a concurrent resolution it does not enact tax law itself; it structures the budget process within which tax legislation is written.
Evidence log
Open questions
Related
Contributing findings
Revising the congressional budget for the United States Government for fiscal year 2007, establishing the congressional budget for the United States Government for fiscal year 2008, and setting forth appropriate budgetary levels for fiscal years 2009 through 2012.
29-mar-2007
novelty 2
per-area 2
introduces