Donovan Votes to Balance Budget, Grow Economy
Washington, DC—October 5, 2017....Congressman Dan Donovan (NY-11) today voted to support the “Building a Better America” budget agreement for Fiscal Year 2018. The plan puts the needs of hardworking Americans first by balancing the budget, promoting economic growth and job creation, ensuring our military has the resources needed to protect the homeland, and ensuring long-term fiscal responsibility. Additionally, the plan provides reconciliation instructions to jump-start the tax reform process to unleash the potential of the American economy.
Congressman Donovan said, “Today’s budget is a win for the American people. This plan puts our nation on a path of economic growth, while also reigning in our national debt and putting a stop to the out-of-control spending that has plagued Washington for far too long. This new path forward delivers a balanced budget in ten years, a more secure homeland, and an actionable step to delivering needed tax relief to the American people. My priority will always be to support policies that create opportunities for the people of Staten Island and Brooklyn for generations to come, and I’m proud to support this bill and a vision of a stronger and more prosperous America.”
Bill highlights include:
- Balancing the federal budget in ten years;
- Jump-starting the tax reform process;
- Providing our brave military members with the resources needed to secure the homeland;
- Reforming and strengthening government programs while improving accountability;
- Achieving $6.5 trillion in total deficit reduction over 10 years; and
- Producing a $9 billion surplus in FY 2027.
This budget sets overall discretionary spending for Fiscal Year 2018 at $1.132 trillion, which includes $621.5 billion for defense discretionary spending and $511 billion in non-defense discretionary spending.
The bill will now go to the U.S. Senate for consideration.