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Tax Bills Advance; Latest on Appropriations, Debt Ceiling, Health

HOUSE: Rules Comm. and Floor action on tax bill (HR 1) this week; House passage of tax bill is likely.

SENATE: Finance Committee marking-up Senate version this week, with consideration of amendments to begin Nov. 14.

  • List of Amendments filed for Finance Comm. markup

  • On Monday, 11/13, the Penn Wharton Budget Model, an analysis issued through the Wharton School of the University of Pennsylvania, found the House tax bill would increase deficits by as much as $1.7 trillion over 10 years, even after accounting for additional economic growth that tax cuts could spur.
     
    APPROPRIATIONS: Stop-gap funding for FY 2018 will expire December 8; at that time, the federal government will shut down unless another stop-gap continuing resolution is enacted or full-year appropriations for FY 2018 are enacted.

    DEBT CEILING: Treasury Dept. said in a November 1, 2017 statement that extraordinary accounting measures will "allow the government to continue to meet its obligations through January 2018," despite the current suspension of the debt ceiling ending on December 8. ...

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    About Charles S. Konigsberg and the Federal Budget Group LLC
    Charles Konigsberg

    Charles Konigsberg, President of the Federal Budget Group and Founder of FedWeb.com, has served as Assistant Director at the White House Office of Management and Budget, General Counsel and minority Chief Health Counsel at Senate Finance Committee, Minority Chief Counsel at Senate Rules Committee, Staff Attorney at Senate Budget Committee, and is Author of America’s Priorities: How the U.S. Government Raises and Spends $3 Trillion Per Year.

    2018 House Calendar

    (Note: House is in recess numerous Mondays and Fridays; check majorityleader.gov)

    • Jan 3: House convenes
    • Jan 22-26: HSE recess
    • Feb 1-2: HSE recess
    • Feb 8-9: HSE recess
    • Feb 19-24: Pres Day recess
    • Mar 26-Apr 9: Easter/Passover recess
    • Apr 30-May 4: HSE recess
    • May 28-Jun 4: Mem Day recess
    • Jul 2-9: July 4 recess
    • Jul 30-Sept 3: Summer recess
    • Sept 10-11: Rosh Hashanah recess
    • Sept 17-21: HSE recess
    • Oct 15-Nov 9: HSE recess
    • Nov 6: ELECTION DAY
    • 19-23: Thanksgiving recess
    • Dec. 13: Target Adjournment
    • PDF: House Calendar