Fiscal Year 2025 Enforcement Filing
Floor Speech
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Mr. GRAHAM. Mr. President, H. Con. Res. 14, the fiscal year 2025 congressional budget resolution, included an instruction to the chairman of the Senate Committee on the Budget to file enforceable levels in the Senate in the event the budget was agreed to without the need to appoint a committee of conference on the measure. On April 5, 2025, the Senate amended and adopted H. Con. Res. 14, and on April 10, the House agreed to the amended resolution without changes. As such, I am submitting the required filing.
Specifically, section 4002 of the fiscal year 2025 congressional budget resolution requires the chairman to file an allocation for fiscal year 2025 for the Committee on Appropriations and an allocation for fiscal years 2025, 2025-2029, and 2025-2034 for committees other than the Committee on Appropriations.
The figures in the filing are consistent with the spending limits set forth in the Fiscal Responsibility Act of 2023 and the levels included in H. Con. Res. 14, as adjusted for the budgetary effects of recent legislation, pursuant to section 4006 of the resolution.
Adjustments were included for the budgetary effects of the following enacted legislation: Full-Year Continuing Appropriations and Extensions Act of 2025, H.R. 1968, and Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to ``Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales,'' H.J. Res. 25.
Section 2002 of the fiscal year 2025 budget resolution included reconciliation instructions to six Senate committees to increase the deficit by not more than a given amount. Pursuant to section 3001 of the resolution, I am holding the corresponding amounts in reserve until the consideration of reconciliation legislation.
For purposes of enforcing the Senate's pay-as-you-go rule found in section 4106 of the fiscal year 2018 congressional budget resolution, I am resetting the Senate's scorecard to zero for all fiscal years.
The 2025 congressional budget resolution's budgetary levels and the budget baseline used to enforce it reflect current tax policy and assume provisions of the 2017 Tax Cuts and Jobs Act are permanently extended. I am also including in this filing the Joint Committee on Taxation's estimate of the budgetary effects of these current tax policy adjustments relative to the Congressional Budget Office's unmodified baseline.
The Congressional Budget Office and Joint Committee on Taxation will provide cost estimates of legislation using both the budget resolution baseline and CBO's unmodified baseline.
Discretionary Budget Authority \1\. Revised Nonsecurity Category 856.623 N.A. Discretionary Budget Authority \1\. General Purpose Outlays \1\......... N.A. 1,872.320 Memo: Subtotal........................ 1,763.610 1,872.320 on-budget....................... 1,757.332 1,866.013 off-budget...................... 6.278 6.307 Mandatory........................... 1,688.081 1,667.103 ------------------------------------------------------------------------ \1\ The allocation includes adjustments to the discretionary spending
limits outlined in section 251(b) of the Balanced Budget and Emergency
Deficit Control Act of 1985(BBEDCA), as estimated by the Congressional
Budget Office during the consideration of the legislation containing
the eligible adjustments. Note: This allocation is consistent with the statutory limits imposed by
the Fiscal Responsibility Act of 2023, Regular appropriations assumed
in this allocation total $895.212billion in revised security category
discretionary budget authority and $710.688 billion in revised
nonsecurity category discretionary budget authority, This allocation
alsoincludes the cap adjustments pursuant to section 251 of BBEDCA and
sections 302 and 314 of the Congressional Budget Act of 1974. ALLOCATION OF SPENDING AUTHORITY TO SENATE COMMITTEES OTHER THAN APPROPRIATIONS [$ Billions] ---------------------------------------------------------------------------------------------------------------- 2025 2025-2029 2025-2034 ---------------------------------------------------------------------------------------------------------------- Agriculture, Nutrition, and Forestry Budget Authority............................................ 185.761 967.912 1,987.937 Outlays..................................................... 177.349 926.669 1,876.969 Armed Services Budget Authority............................................ 289.771 1,117.079 2,102.064 Outlays..................................................... 287.699 1,113.882 2,104.071 Banking, Housing and Urban Affairs Budget Authority............................................ 26.245 87.321 277.233 Outlays..................................................... -12.404 -128.025 -165.530 Commerce, Science, and Transportation Budget Authority............................................ 28.674 112.433 208.612 Outlays..................................................... 19.151 103.520 188.736 Energy and Natural Resources Budget Authority............................................ 11.317 46.797 94.470 Outlays..................................................... 14.111 73.125 129.454 Environment and Public Works Budget Authority............................................ 65.948 333.253 657.947 Outlays..................................................... 26.197 70.513 92.512 Finance Budget Authority............................................ 4,098.211 22,927.227 53,373.809 Outlays..................................................... 4,086.136 22,904.608 53,305.155 Foreign Relations Budget Authority............................................ 60.169 256.871 501.910 Outlays..................................................... 51.381 249.031 494.062 Homeland Security and Government Affairs Budget Authority............................................ 183.814 962.501 2,038.641 Outlays..................................................... 186.248 954.058 2,009.642 Judiciary Budget Authority............................................ 25.392 121.706 241.572 Outlays..................................................... 23.858 120.549 237.629 Health. Education, Labor, and Pensions Budget Authority............................................ 58.247 281.354 537.451 Outlays..................................................... 73.149 274.662 513.809 Rules and Administration Budget Authority............................................ 0.054 0.282 0.596 Outlays..................................................... 0.029 0.217 0.471 Intelligence Budget Authority............................................ 0.514 2.570 3.598 Outlays..................................................... 0.514 2.570 3.598 Veterans' Affairs Budget Authority............................................ 231.668 1,334.594 3,081.121 Outlays..................................................... 230.783 1,325.218 3,085.866 Indian Affairs Budget Authority............................................ 2.222 11.283 22.896 Outlays..................................................... 2.480 11.963 23.259 Small Business Budget Authority............................................ 0.000 0.000 0.000 Outlays..................................................... 0.013 0.014 0.014 Unassigned to Committee Budget Authority............................................ -2,484.527 -12,554.107 -27,799.842 Outlays..................................................... -2,483.659 -12,501.545 -27,679.319 TOTAL Budget Authority........................................ 2,783.480 16,009.076 37,330.015 Outlays................................................. 2,683.035 15,501.026 36,220.398 ---------------------------------------------------------------------------------------------------------------- Includes entitlements funded in annual appropriations acts. Certain budgetary changes related to reconciliation
legislation pursuant to section 3001 of H.Can. Res. 14 will be held in reserve until consideration of such
legislation. BUDGET AGGREGATES ($ billions) ------------------------------------------------------------------------ 2025 2025-2029 2025-2034 ------------------------------------------------------------------------ Figures Found in H. Con. Res. 14 Spending: Budget Authority......... 4,663.769 N.A. N.A. Outlays.................. 4,636.008 N.A. N.A. Revenue 3,699.743 19,737.037 43,789.852 Social Security Levels: Outlays.................. 1,413.704 7,968.716 18,518.095 Revenue.................. 1,303.924 7,088.122 15,681.437 Adjustments Pursuant to Sections 3001 and 4006 of H. Con. Res. 14 Spending: Budget Authority......... -51.709 N.A. N.A. Outlays.................. -51.806 N.A. N.A. Revenue 149.921 748.663 1,496.094 Social Security Levels: Outlays.................. 0.000 0.000 0.000 Revenue.................. 0.000 0.000 0.000 Adjusted H. Con. Res. 14 Figures Spending: Budget Authority......... 4,612.060 N.A. N.A. Outlays.................. 4,584.202 N.A. N.A. Revenue 3,849.664 20,485.700 45,285.946 Social Security Levels: Outlays.................. 1,413.704 7,968.716 18,518.095 Revenue.................. 1,303.924 7,088.122 15,681.437 ------------------------------------------------------------------------ Note: Aggregate figures displayed at levels assumed in H. Con. Res. 14,
with adjustments for enacted legislation and certain budgetary changes
for reconciliation legislation held in reserve. Total figures here
reflect levels different from those that will be enforced immediately
due to the inclusion of spending exempt from enforcement. PAY-AS-YOU-GO SCORECARD FOR THE SENATE ($ billions) ------------------------------------------------------------------------ Balances ------------------------------------------------------------------------ Fiscal Year 2025........................................ 0 Fiscal Years 2025-2029.................................. 0 Fiscal Years 2025-2034.................................. 0 ------------------------------------------------------------------------ BASELINE ADJUSTMENTS FOR CURRENT TAX POLICIES ($ billions) ---------------------------------------------------------------------------------------------------------------- 2025 2025-2029 2025-2034 ---------------------------------------------------------------------------------------------------------------- Individual rates and standard deduction changes.............. 0.000 -535.717 -1,440.061 Child tax credit provisions.................................. 0.000 -282.939 -692.806 Pass-through business income changes......................... -6.970 -283.369 -712.800 Deductions, exclusions and other individual tax provisions... 0.000 397.038 1,087.217 Estate tax changes........................................... -0.050 -66.520 -201.316 Alternative minimum tax modifications........................ 0.000 -506.121 -1,374.973 Business tax provisions...................................... -0.098 -227.343 -425.018 Net Total................................................ -7.118 -1,504.971 -3,759.757 ---------------------------------------------------------------------------------------------------------------- Source: Joint Committee on Taxation. Note: Includes effects on both revenues and outlays, including off-budget effects.
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