Political Quotes

“S. Con. Res. 14, the fiscal year 2022 congressional budget resolution, included authority in section 4009 to allow the chairman of the Committee on the Budget to adjust budget aggregates and committee allocations after the enactment of bipartisan infrastructure legislation. Similarly, the reserve fund in section 3003 allows the chairman to revise these levels as well as make adjustments to the pay-as-you-go ledger for legislation that would not increase the deficit over the period of 2022 to 2031. H.R. 3684, the Infrastructure Investment and Jobs Act was enacted on November 15, 2021, meets the conditions of being bipartisan infrastructure legislation. As a result, I am revising the budget spending aggregates and the allocation to the Committee on Appropriations by $3,230 million in outlays resulting from the increase in contract authority included in that bill. Furthermore, the combined budgetary impact of the direct spending and revenue provisions in that bill reduce the deficit over 10 years. The Congressional Budget Office estimates that H.R. 3684 will decrease nonemergency mandatory outlays by $3.7 billion in 2022 and by almost $90 billion over the period 2022 through 2031. Revenues will increase by more than $8 billion in 2022 and more than $50 billion over the period 2022 through 2031. As such, I am revising the spending and revenue aggregates and the allocation to the Committee on Environment and Public Works by the relevant amounts.…”