2009 Federal Budget. House Concurrent Resolution 312, the House plan for the fiscal 2009 budget, was adopted 212-207 on March 13, 2008 (Roll Call 141). This Democrat-drafted, nonbinding budget recommends outlays of about $2.6 trillion for FY2009, with a deficit of $536 billion. The budget would allow some Bush tax cuts to expire or sunset in 2010, thus increasing federal revenues without overtly raising taxes.
The House Republican Conference, in opposition to the plan, points out that taxes would increase $683 billion over the next five years, the child tax credit would be cut, the marriage penalty would come back, small business tax credits would be reduced, and dividends and capital gains taxes would be raised.
We have assigned pluses to the nays because the American welfare state this budget expands is unconstitutional. It should initially be frozen at least and then reduced.
