U.S. House Passes Balanced Budget
Today, the House of Representatives passed a balanced budget resolution for the 2016 federal budget. The budget resolution sets the spending levels for the appropriations committees in the House and Senate as they make funding decisions for the 2016 fiscal year. The Senate is expected to vote on the legislation next week.
Representative John Moolenaar (R-Midland), a member of the House and Senate Budget Conference Committee which worked on the joint budget resolution released the following statement:
"This is the first ten-year balanced budget passed since 2001. It balances without raising taxes on hardworking Michigan families and it keeps the promises that have been made to seniors in the Fourth District. This budget also calls for tax reform. The tax code is 74,000 pages long and has not been overhauled in 29 years. It’s time for a simpler and fairer system," said Moolenaar.
The budget resolution sets spending limits for the 2016 federal fiscal year which begins on October 1, 2015 and runs through September 30, 2016.