Political Quotes

“the Bipartisan Budget Act of 2015, Public Law 114-74, included an instruction to the chairman of the Senate Committee on the Budget to file allocations, aggregates, and budgetary levels in the Senate after April 15, 2016. Today, I wish to submit the required filing found in that act. Specifically, section 102 of the Bipartisan Budget Act of 2015 requires the chairman to file: No. 1, an allocation for fiscal year 2017 for the Committee on Appropriations; No. 2, an allocation for fiscal years 2017, 2017 through 2021, and 2017 through 2026 for committees other than the Committee on Appropriations; No. 3, aggregate spending levels for fiscal year 2017; No. 4, aggregate revenue levels for fiscal years 2017, 2017 through 2021, and 2017 through 2026; and No. 5, aggregate levels of outlays and revenue for fiscal years 2017, 2017 through 2021, and 2017 through 2026 for Social Security. The figures included in this filing are consistent with the discretionary spending limits set forth in the Bipartisan Budget Act of 2015 and the most recent baseline from the Congressional Budget Office, CBO. CBO's last baseline was released on March 24, 2016. In addition to the update for enforceable limits above, section 102(c) of the act allows for the matter contained in subtitles A and B of title IV of S. Con. Res. 11, the fiscal year 2016 congressional budget resolution, to be updated by 1 fiscal year.…”