Kent Conrad: “I offer for the record, the Budget Committee's official scoring of the conference report to H.R. 1591, making emergency…”

“I offer for the record, the Budget Committee's official scoring of the conference report to H.R. 1591, making emergency supplemental appropriations for the fiscal year ending September 30, 2007. The conference report includes $124.153 billion in net, new discretionary budget authority for 2007, of which $100.681 billion is for defense activities and $23.472 billion is for nondefense activities. The additional budget authority will increase outlays by $31.935 billion in 2007. Of the total spending authority provided, H.R. 1591 designates $124.789 billion in budget authority as emergency spending, which will increase outlays by $31.926 billion. The conference report to H.R. 1591 is subject to several points of order. First, the conference report includes emergency funding that would cause the $86.3 billion cap on 2007 emergency funding to be exceeded. This cap was included in S. Con. Res. 83, the concurrent resolution on the budget for fiscal year 2007, and was made applicable by the deeming resolution included in section 7035 of P.L. 109-234. Funding above the cap counts against the subcommittees' allocations and would cause them to exceed their allocations. As a result, the conference report is subject to a point of order under 302(f) of the Congressional Budget Act. Second, the small business tax relief provisions included in the conference report reduce revenues by $4.465 billion over the 2006-2010 period.”