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Federal Budget Act of FY2021-FY2024

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Ms. Van Horn, on behalf of President Fitzgerald, submits

A BILL

To fund the federal government from FY2021 through FY2024 and for other purposes.

SECTION 1. SHORT TITLE.

(a) This act shall be cited as the Federal Budget Act of FY2021-FY2024.

SEC. 2. SPENDING LEVELS.

The following amount of money shall be appropriated for discretionary spending in the fiscal years of 2021 through 2024.

Discretionary Spending
     2021    2022    2023    2024
Defense    $435,000,000,000    $435,000,000,000    $435,000,000,000    $435,000,000,000
Education    $82,602,000,000    $82,602,000,000    $82,602,000,000    $82,602,000,000
Transportation    $72,471,000,000    $72,471,000,000    $72,471,000,000    $72,471,000,000
Social Security, Unemployment & Labor    $55,300,000,000    $55,300,000,000    $55,300,000,000    $55,300,000,000
Veterans' Benefits    $66,400,000,000    $66,400,000,000    $66,400,000,000    $66,400,000,000
Government    $32,011,000,000    $32,011,000,000    $32,011,000,000    $32,011,000,000
Medicare & Healthcare    $34,271,000,000    $34,271,000,000    $34,271,000,000    $34,271,000,000
International Affairs    $22,800,000,000    $22,800,000,000    $22,800,000,000    $22,800,000,000
Energy & Environment    $37,276,000,000    $37,276,000,000    $37,276,000,000    $37,276,000,000
Science, Space & Technology    $27,100,000,000    $27,100,000,000    $27,100,000,000    $27,100,000,000
Housing & Community    $9,204,000,000    $9,204,000,000    $9,204,000,000    $9,204,000,000
Agriculture    $5,770,000,000    $5,770,000,000    $5,770,000,000    $5,770,000,000
Total Discretionary Spending    $880,155,000,000    $880,155,000,000    $880,155,000,000    $880,155,000,000

 

The following programs and spending will be eliminated:

(a) Housing and Community 

1. Economic Development Administration ($523 million)

2. NeighborWorks America ($480 million)

3. Community Development Financial Institutions Fund ($103 million)

4. Denali Commission ($48 million)

5. Minority Development Business Agency ($31 million)

6. Delta Regional Authority ($8 million)

7. Community Development Financial Institutions Fund ($103 million)

(b) Education

1. state grants for Safe and Drug-Free Schools and Communities ($298 million)

(c) Energy and Environment

1. Science to Achieve Results Program ($63 million)

2. Suspend federal land purchases ($200 million)

3. Army Corps of Engineers funding for beach replenishment projects ($61 million)

(d) Government

1. Suspend acquisition of federal office space ($1 billion)

2. Presidential Election Campaign Fund ($215 million)

3. Discontinue the maintenance of vacant federal properties ($25 billion)

4. All Justice Department grants except those from the Bureau of Justice Statistics and the National Institute of Justice ($7.334 billion)

5. Legal Services Corporation ($398 million)

6. Community Relations Service ($32 million)

7. Office of National Drug Control Policy ($30 million)

8. State Justice Institute ($4 million)

9. Institute of Museum Services and Library Services ($263 million)

10. National Capital Planning Commission ($8 million)

11. Advisory Council on Historic Preservation ($5 million)

(e) Medicare and Healthcare

1. Maternal and Child Health Block Grant ($673 million)

2. Health Professions grants ($414 million)

3. Title X Family Planning ($327 million)

4. National Health Service Corps ($15 million)

5. Amend Title XVIII (Medicare) of the Social Security Act to require the Centers for Medicare & Medicaid Services (CMS) to negotiate with pharmaceutical companies regarding prices for drugs covered under the Medicare prescription drug benefit. ($22 billion)

(f) International Affairs

1. Reduce Foreign Aid by 50% with no reductions to the State of Israel ($22.35 billion)

(g) Social Security, Unemployment & Labor

1. The Davis-Bacon Act of 1931 (Pub.L. 71–798) is hereby repealed. ($9 billion)

2. Ban project labor agreements on all federally funded construction projects ($2 billion)

(h) Transportation

1. Maritime Administration ($554 million)

2. Essential Air Service ($125 million)

3. Privatize Amtrak ($1.9 billion)

(g) Defense

1. Overseas Contingency Operations ($65 billion)

SEC. 3. CHANGES TO THE TAX CODE.

(a) Section 2 of the America First Tax Reform Act is amended to read as follows:

"(a) The new tax brackets for individual taxes shall be as follows:

Rate    Single Filers    Married Joint Filers    Head of Household Filers

0%    $0 to  $37,650   $0 to  $75,300  $0 to $50,400
25%    $37,650 to $91,150    $75,300 to $151,900    $50,400 to $130,150
28%    $91,150 to $190,150    $151,900 to $231,450    $130,150 to $210,800
33%    $190,150 to $413,350    $231,450 to $413,350    $210,800 to $413,350
35%    $413,350 to $415,050    $413,350 to $466,950    $413,350 to $441,000
39.6%    $415,050 to $5,000,000    $466,950 to $5,000,000   $441,000 to $5,000,000

44% $5,000,000+                  $5,000,000+                           $5,000,000+ "

(b) Section 7 of the America First Tax Reform Act is amended to read as follows:

"(a) A 15 35 percent tariff will be imposed at the point of entry on all manufactured goods imported to the United States that originate from a production facility that was outsourced from the United States following the enactment of this act."

(c) Section 8 of the America First Tax Reform Act is repealed.

(d) Households which claim annual income of at least $413,350 may not claim more than 28% of their existing returns as tax deductible.

(e) The cap on taxable earnings for the Federal Insurance Contributions Act Tax is removed.

(f) Repatriation of foreign-source income will be taxed at a discount rate of 15.5% for liquid assets and 8% for illiquid assets from FY2021 through FY2024, returning to normal rates in FY2025.

(g) The following corporate tax deductions are hereby repealed:

1. Deferral of active income of foreign corporations controlled by U.S. shareholders.

2. Accelerated depreciation of machinery and equipment.

3. Exclusion of interest on public purpose state and local bonds.

4. Credit for low income housing investments.

5. Exclusion of interest on life insurance savings.

6. Exclusion of interest on hospital construction bonds.

7. Deductibility of charitable contributions.

(h) The Additional Child Tax Credit is repealed.

SEC. 4. WAR ON TERROR VICTORY FUND.

(a) $450,000,000 is appropriated annually to "International Affairs" from FY2021 through FY2024 to the Islamic Republic of Pakistan for the purpose of defeating Al-Qaeda and winning the War on Terror.

PES:

Total revenue: 

2021: $3,139,331,095,570

2022: $3,280,349,740,140

2023: $3,430,824,548,556

2024: $3,591,535,896,616

Total spending (including mandatory/entitlements):

2021: $3,942,435,972,900

2022: $4,010,070,495,899

2023: $4,079,728,255,527

2024: $4,151,480,636,809

Deficit:

2021: $803,104,877,330

2022: $729,720,755,759

2023: $648,903,706,971

2024: $559,944,740,193

Edited by Macmillan

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Mr. Speaker, 

I rise today to speak against this budget as it currently sits. When I was elected to this office, the great Arkansas Senator Mark Pryor gave me a sign for my desk. It was one much like the one on his desk that reads "Arkansas First". Mr. Speaker, this bill isn't just bad for Arkansans, though it is. This bill isn't just bad for the South, though it is. This bill is just bad. This budget, as it currently sits, axes major funding for our rural communities. it kills their healthcare and infrastructure funding. It kills access to internet for their public schools. It hurts the economic support of Appalachia, which is still in need of economic support. it guts the Small Business Administration. Small businesses are the backbone not just of my community, but of the American economy. This budget, as it sits, hurts Rural Red States, something the gentleman from Texas need take note of. I am urging the Republican majority to go back to the drawing board on this one, to consider their constituents, and bring us back a budget that doesn't kill rural America and small businesses. 

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Mr. Speaker, 

I share the concerns of Mr. Ward and I for one am very disappointed in the GOP for this latest blow to middle and rural America. In my state of West Virginia, most notably my hometown of Bramwell, small businesses and students need to know the government has their back, not the backs of the rich. This is a travesty of a budget and I call on all rural representativss to oppose this bill. 

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Mr. Speaker,

I think the Gentlemen from Arkansas and West Virginia wildly exaggerate the effects of this budget. This is a fair budget that I'm proud to sponsor. First of all this budget actually raises more revenue than it cuts spending. Let's keep that in perspective. This administration does not have the "backs of the rich" because this budget actually increases the tax burden of the wealthiest Americans. This administration is not "killing" infrastructure, not when we are investing a trillion dollars in our infrastructure over the next decade. This budget doesn't "kill" healthcare, it actually makes Medicare more sustainable by authorizing the program to negotiate drug prices. This administration is not hurting the economy of Appalachia, they have helped it by gutting Obama-era coal regulations. This administration isn't killing small businesses - it helped them by cutting taxes for the middle class. 

But as awful as this budget allegedly is, I've been told by the Gentleman from Arkansas that he and his colleagues will vote for it anyway if we make a few changes. 

I propose the following changes, to be considered as one amendment:

Discretionary Spending
     2021    2022    2023    2024
Defense    $435,000,000,000    $435,000,000,000    $435,000,000,000    $435,000,000,000
Education    $82,602,000,000    $82,602,000,000    $82,602,000,000    $82,602,000,000
Transportation    $72,471,000,000    $72,471,000,000    $72,471,000,000    $72,471,000,000
Social Security, Unemployment & Labor    $55,300,000,000    $55,300,000,000    $55,300,000,000    $55,300,000,000
Veterans' Benefits    $66,400,000,000    $66,400,000,000    $66,400,000,000    $66,400,000,000
Government    $32,011,000,000    $32,011,000,000    $32,011,000,000    $32,011,000,000
Medicare & Healthcare    $34,271,000,000    $34,271,000,000    $34,271,000,000    $34,271,000,000
International Affairs    $22,800,000,000    $22,800,000,000    $22,800,000,000    $22,800,000,000
Energy & Environment    $37,276,000,000    $37,276,000,000    $37,276,000,000    $37,276,000,000
Science, Space & Technology    $27,100,000,000    $27,100,000,000    $27,100,000,000    $27,100,000,000
Housing & Community    $9,204,000,000    $9,204,000,000    $9,204,000,000    $9,204,000,000
Agriculture    $5,770,000,000    $5,770,000,000    $5,770,000,000    $5,770,000,000
Total Discretionary Spending    $880,155,000,000    $880,155,000,000    $880,155,000,000    $880,155,000,000

1. Rural Utilities Service ($598 million)

5. Appalachian Regional Commission ($78 million)

2. FEC funding for school internet service ($2.25 billion)

9. Small Business Administration ($1 billion)

11. Commission of Fine Arts ($10 million)

5. Rural Health Outreach and Flexibility grants ($98 million)

SEC. 3. TORT REFORM.

(a) The statute of limitations is three years after the injury or one year after the claimant discovers the injury, whichever occurs first. 

(b) Non-economic damages are limited to $250,000. 

(c) Punitive damages are limited to $500,000.

(d) $10 billion is subtracted from "Medicare and Healthcare" from FY2021 to FY2024 as a result of the changes in this section.

SEC. 6. ALASKAN NATIONAL WILDLIFE REFUGE.

(a) The coastal plain of the Arctic National Wildlife Refuge is opened to leasing.

I yield.

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Mr. Speaker

I would like to put forth the following amendment to be considered as 1 amendment, I propose we strike the following and renumber accordingly. Drug free schools and fighting the opioid epidemic is worth the expense.

1. state grants for Safe and Drug-Free Schools and Communities ($298 million)

7. Office of National Drug Control Policy ($30 million)

4. National Health Service Corps ($15 million)

I yield

Edited by Dogslife

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Mr. Speaker,

This is the updated version of the bill.

Ms. Van Horn, on behalf of President Fitzgerald, submits

A BILL

To fund the federal government from FY2021 through FY2024 and for other purposes.

SECTION 1. SHORT TITLE.

(a) This act shall be cited as the Federal Budget Act of FY2021-FY2024.

SEC. 2. SPENDING LEVELS.

The following amount of money shall be appropriated for discretionary spending in the fiscal years of 2021 through 2024.

Discretionary Spending
     2021    2022    2023    2024
Defense    $435,000,000,000    $435,000,000,000    $435,000,000,000    $435,000,000,000
Education    $82,602,000,000    $82,602,000,000    $82,602,000,000    $82,602,000,000
Transportation    $72,471,000,000    $72,471,000,000    $72,471,000,000    $72,471,000,000
Social Security, Unemployment & Labor    $55,300,000,000    $55,300,000,000    $55,300,000,000    $55,300,000,000
Veterans' Benefits    $66,400,000,000    $66,400,000,000    $66,400,000,000    $66,400,000,000
Government    $32,011,000,000    $32,011,000,000    $32,011,000,000    $32,011,000,000
Medicare & Healthcare    $34,271,000,000    $34,271,000,000    $34,271,000,000    $34,271,000,000
International Affairs    $22,800,000,000    $22,800,000,000    $22,800,000,000    $22,800,000,000
Energy & Environment    $37,276,000,000    $37,276,000,000    $37,276,000,000    $37,276,000,000
Science, Space & Technology    $27,100,000,000    $27,100,000,000    $27,100,000,000    $27,100,000,000
Housing & Community    $9,204,000,000    $9,204,000,000    $9,204,000,000    $9,204,000,000
Agriculture    $5,770,000,000    $5,770,000,000    $5,770,000,000    $5,770,000,000
Total Discretionary Spending    $880,155,000,000    $880,155,000,000    $880,155,000,000    $880,155,000,000

 

The following programs and spending will be eliminated:

(a) Housing and Community 

1. Economic Development Administration ($523 million)

2. NeighborWorks America ($480 million)

3. Community Development Financial Institutions Fund ($103 million)

4. Denali Commission ($48 million)

5. Minority Development Business Agency ($31 million)

6. Delta Regional Authority ($8 million)

7. Community Development Financial Institutions Fund ($103 million)

(b) Education

1. state grants for Safe and Drug-Free Schools and Communities ($298 million)

(c) Energy and Environment

1. Science to Achieve Results Program ($63 million)

2. Suspend federal land purchases ($200 million)

3. Army Corps of Engineers funding for beach replenishment projects ($61 million)

(d) Government

1. Suspend acquisition of federal office space ($1 billion)

2. Presidential Election Campaign Fund ($215 million)

3. Discontinue the maintenance of vacant federal properties ($25 billion)

4. All Justice Department grants except those from the Bureau of Justice Statistics and the National Institute of Justice ($7.334 billion)

5. Legal Services Corporation ($398 million)

6. Community Relations Service ($32 million)

7. Office of National Drug Control Policy ($30 million)

8. State Justice Institute ($4 million)

9. Institute of Museum Services and Library Services ($263 million)

10. National Capital Planning Commission ($8 million)

11. Advisory Council on Historic Preservation ($5 million)

(e) Medicare and Healthcare

1. Maternal and Child Health Block Grant ($673 million)

2. Health Professions grants ($414 million)

3. Title X Family Planning ($327 million)

4. National Health Service Corps ($15 million)

5. Amend Title XVIII (Medicare) of the Social Security Act to require the Centers for Medicare & Medicaid Services (CMS) to negotiate with pharmaceutical companies regarding prices for drugs covered under the Medicare prescription drug benefit. ($22 billion)

(f) International Affairs

1. Reduce Foreign Aid by 50% with no reductions to the State of Israel ($22.35 billion)

(g) Social Security, Unemployment & Labor

1. The Davis-Bacon Act of 1931 (Pub.L. 71–798) is hereby repealed. ($9 billion)

2. Ban project labor agreements on all federally funded construction projects ($2 billion)

(h) Transportation

1. Maritime Administration ($554 million)

2. Essential Air Service ($125 million)

3. Privatize Amtrak ($1.9 billion)

(g) Defense

1. Overseas Contingency Operations ($65 billion)

SEC. 3. CHANGES TO THE TAX CODE.

(a) Section 2 of the America First Tax Reform Act is amended to read as follows:

"(a) The new tax brackets for individual taxes shall be as follows:

Rate    Single Filers    Married Joint Filers    Head of Household Filers

0%    $0 to  $37,650   $0 to  $75,300  $0 to $50,400
25%    $37,650 to $91,150    $75,300 to $151,900    $50,400 to $130,150
28%    $91,150 to $190,150    $151,900 to $231,450    $130,150 to $210,800
33%    $190,150 to $413,350    $231,450 to $413,350    $210,800 to $413,350
35%    $413,350 to $415,050    $413,350 to $466,950    $413,350 to $441,000
39.6%    $415,050 to $5,000,000    $466,950 to $5,000,000   $441,000 to $5,000,000

44% $5,000,000+                  $5,000,000+                           $5,000,000+ "

(b) Section 7 of the America First Tax Reform Act is amended to read as follows:

"(a) A 15 35 percent tariff will be imposed at the point of entry on all manufactured goods imported to the United States that originate from a production facility that was outsourced from the United States following the enactment of this act."

(c) Section 8 of the America First Tax Reform Act is repealed.

(d) Households which claim annual income of at least $413,350 may not claim more than 28% of their existing returns as tax deductible.

(e) The cap on taxable earnings for the Federal Insurance Contributions Act Tax is removed.

(f) Repatriation of foreign-source income will be taxed at a discount rate of 15.5% for liquid assets and 8% for illiquid assets from FY2021 through FY2024, returning to normal rates in FY2025.

(g) The following corporate tax deductions are hereby repealed:

1. Deferral of active income of foreign corporations controlled by U.S. shareholders.

2. Accelerated depreciation of machinery and equipment.

3. Exclusion of interest on public purpose state and local bonds.

4. Credit for low income housing investments.

5. Exclusion of interest on life insurance savings.

6. Exclusion of interest on hospital construction bonds.

7. Deductibility of charitable contributions.

(h) The Additional Child Tax Credit is repealed.

SEC. 4. WAR ON TERROR VICTORY FUND.

(a) $450,000,000 is appropriated annually to "International Affairs" from FY2021 through FY2024 to the Islamic Republic of Pakistan for the purpose of defeating Al-Qaeda and winning the War on Terror.

PES:

Total revenue: 

2021: $3,139,331,095,570

2022: $3,280,349,740,140

2023: $3,430,824,548,556

2024: $3,591,535,896,616

Total spending (including mandatory/entitlements):

2021: $3,942,435,972,900

2022: $4,010,070,495,899

2023: $4,079,728,255,527

2024: $4,151,480,636,809

Deficit:

2021: $803,104,877,330

2022: $729,720,755,759

2023: $648,903,706,971

2024: $559,944,740,193

I yield.

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