Budget & Taxes

This concurrent resolution establishes the federal budget framework for fiscal years 2025 through 2034, setting specific targets for revenues, spending, and deficits across the decade. It projects federal revenues to increase from $3.4 trillion in 2025 to $5.4 trillion in 2034, with deficits ranging from $2.08 trillion to $2.12 trillion over the period. The resolution includes specific deficit reduction requirements for 11 congressional committees, such as a $880 billion target for the Energy and Commerce Committee to reduce deficits over the 10-year period. It also contains policy statements supporting economic growth through reduced spending, deregulation, and tax cuts. This resolution serves as the budgetary blueprint that Congress will use to guide spending decisions for the next decade.