A bill to provide for across-the-board rescissions of nonsecurity discretionary spending.
Impact
The introduction of SB360 could significantly impact federal budget allocations and the operations of various government programs. By instituting mandatory cuts, the bill may compel agencies to reconsider their funding priorities and could lead to reductions in services provided to the public. Critics of the bill may argue that such sweeping cuts could undermine essential services, particularly those reliant on discretionary funding, which includes educational, health, and social service programs.
Summary
Senate Bill 360 proposes across-the-board rescissions of nonsecurity discretionary spending starting in fiscal year 2026. The bill specifically aims to reduce spending by a pro-rata percentage, beginning with a 1% reduction for 2026, escalating to 2% in 2027, and further increasing to 5% for subsequent fiscal years. This approach establishes a systematic plan to decrease government spending on various programs and activities funded through nonsecurity discretionary appropriations.
Contention
Notable points of contention regarding SB360 revolve around the balance between fiscal responsibility and the potential risks of cutting essential services. Supporters of the bill advocate for reducing government spending as a means to address budgetary concerns and promote a fiscally sustainable federal budget. Conversely, opponents warn that indiscriminate cuts may have adverse effects on vulnerable populations and essential services, leading to broader socio-economic ramifications.
A bill to make 2 percent across-the-board rescissions in non-defense, non-homeland-security, and non-veterans-affairs discretionary spending for each of fiscal years 2024 and 2025.
A bill to make 1 percent across-the-board rescissions in non-defense, non-homeland-security, and non-veterans-affairs discretionary spending for each of fiscal years 2024 and 2025.
A bill to make 5 percent across-the-board rescissions in non-defense, non-homeland-security, and non-veterans-affairs discretionary spending for each of fiscal years 2024 and 2025.
A bill to amend the Internal Revenue Code of 1986 to increase the threshold amounts for inclusion of Social Security benefits in income, and for other purposes.
To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.