•HCON 14 RH 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
$44,881,000,000. 
(B) Outlays, $43,781,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$45,834,000,000. 
(B) Outlays, $44,611,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
$46,835,000,000. 
(B) Outlays, $45,450,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$47,840,000,000. 
(B) Outlays, $46,405,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
$48,853,000,000. 
(B) Outlays, $47,377,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$49,907,000,000. 
(B) Outlays, $48,391,000,000. 
Fiscal year 2034: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00011
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$50,997,000,000. 
(B) Outlays, $49,436,000,000. 
(4) Energy (270): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$39,842,000,000. 
(B) Outlays, $37,587,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$40,172,000,000. 
(B) Outlays, $44,518,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$43,579,000,000. 
(B) Outlays, $52,928,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
$44,493,000,000. 
(B) Outlays, $52,542,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$45,633,000,000. 
(B) Outlays, $51,237,000,000. 
Fiscal year 2030: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00012
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$44,014,000,000. 
(B) Outlays, $47,297,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$45,460,000,000. 
(B) Outlays, $46,521,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
$50,176,000,000. 
(B) Outlays, $48,864,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$35,184,000,000. 
(B) Outlays, $34,040,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
$27,122,000,000. 
(B) Outlays, $26,021,000,000. 
(5) Natural Resources and Environment (300): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$88,219,000,000. 
(B) Outlays, $90,074,000,000. 
Fiscal year 2026: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00013
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$89,760,000,000. 
(B) Outlays, $90,428,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$83,830,000,000. 
(B) Outlays, $91,282,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
$85,498,000,000. 
(B) Outlays, $91,754,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$87,319,000,000. 
(B) Outlays, $92,172,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
$88,970,000,000. 
(B) Outlays, $92,442,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$91,016,000,000. 
(B) Outlays, $92,640,000,000. 
Fiscal year 2032: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00014
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$92,975,000,000. 
(B) Outlays, $91,686,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$95,254,000,000. 
(B) Outlays, $93,640,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
$97,211,000,000. 
(B) Outlays, $94,831,000,000. 
(6) Agriculture (350): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$58,457,000,000. 
(B) Outlays, $41,846,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$59,875,000,000. 
(B) Outlays, $58,018,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$64,092,000,000. 
(B) Outlays, $61,792,000,000. 
Fiscal year 2028: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00015
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$66,014,000,000. 
(B) Outlays, $64,140,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$66,999,000,000. 
(B) Outlays, $63,775,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
$65,213,000,000. 
(B) Outlays, $62,065,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$65,516,000,000. 
(B) Outlays, $62,226,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
$66,979,000,000. 
(B) Outlays, $63,432,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$68,738,000,000. 
(B) Outlays, $64,825,000,000. 
Fiscal year 2034: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00016
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$70,130,000,000. 
(B) Outlays, $66,347,000,000. 
(7) Commerce and Housing Credit (370): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$12,477,000,000. 
(B) Outlays, -$18,175,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$33,817,000,000. 
(B) Outlays, -$207,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$29,807,000,000. 
(B) Outlays, $8,387,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
-$55,092,000,000. 
(B) Outlays, -$64,213,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$27,308,000,000. 
(B) Outlays, $17,149,000,000. 
Fiscal year 2030: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00017
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$27,501,000,000. 
(B) Outlays, $14,043,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$27,776,000,000. 
(B) Outlays, $9,486,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
$28,233,000,000. 
(B) Outlays, $6,788,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$22,118,000,000. 
(B) Outlays, -$2,412,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
$31,836,000,000. 
(B) Outlays, $4,308,000,000. 
(8) Transportation (400): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$173,158,000,000. 
(B) Outlays, $144,771,000,000. 
Fiscal year 2026: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00018
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$176,249,000,000. 
(B) Outlays, $154,625,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$178,411,000,000. 
(B) Outlays, $162,925,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
$180,607,000,000. 
(B) Outlays, $171,610,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$182,610,000,000. 
(B) Outlays, $175,967,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
$179,144,000,000. 
(B) Outlays, $174,442,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$181,099,000,000. 
(B) Outlays, $178,314,000,000. 
Fiscal year 2032: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00019
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$189,966,000,000. 
(B) Outlays, $187,367,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$192,692,000,000. 
(B) Outlays, $191,213,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
$195,495,000,000. 
(B) Outlays, $194,754,000,000. 
(9) Community and Regional Development 
(450): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$87,762,000,000. 
(B) Outlays, $78,752,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$89,366,000,000. 
(B) Outlays, $69,845,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$91,267,000,000. 
(B) Outlays, $74,426,000,000. 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00020
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
$92,897,000,000. 
(B) Outlays, $75,604,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$94,812,000,000. 
(B) Outlays, $77,850,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
$96,811,000,000. 
(B) Outlays, $82,903,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$98,774,000,000. 
(B) Outlays, $86,364,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
$100,621,000,000. 
(B) Outlays, $88,685,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$102,711,000,000. 
(B) Outlays, $90,723,000,000. 
Fiscal year 2034: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00021
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$104,818,000,000. 
(B) Outlays, $93,005,000,000. 
(10) Education, Training, Employment, and 
Social Services (500): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$149,303,000,000. 
(B) Outlays, $171,916,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$152,714,000,000. 
(B) Outlays, $151,605,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$155,153,000,000. 
(B) Outlays, $150,979,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
$157,971,000,000. 
(B) Outlays, $152,819,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$160,952,000,000. 
(B) Outlays, $155,502,000,000. 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00022
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
$163,865,000,000. 
(B) Outlays, $158,383,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$166,854,000,000. 
(B) Outlays, $161,312,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
$170,223,000,000. 
(B) Outlays, $164,486,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$173,784,000,000. 
(B) Outlays, $167,792,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
$176,834,000,000. 
(B) Outlays, $170,876,000,000. 
(11) Health (550): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$945,070,000,000. 
(B) Outlays, $961,180,000,000. 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00023
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$992,460,000,000. 
(B) Outlays, $976,705,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$1,021,428,000,000. 
(B) Outlays, $1,021,884,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
$1,056,522,000,000. 
(B) Outlays, $1,053,318,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$1,099,999,000,000. 
(B) Outlays, $1,095,100,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
$1,144,066,000,000. 
(B) Outlays, $1,133,456,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$1,177,723,000,000. 
(B) Outlays, $1,176,648,000,000. 
Fiscal year 2032: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00024
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$1,228,051,000,000. 
(B) Outlays, $1,218,203,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$1,278,134,000,000. 
(B) Outlays, $1,267,299,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
$1,311,280,000,000. 
(B) Outlays, $1,300,233,000,000. 
(12) Medicare (570): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$950,891,000,000. 
(B) Outlays, $950,641,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$1,007,431,000,000. 
(B) Outlays, $1,009,161,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$1,067,229,000,000. 
(B) Outlays, $1,066,832,000,000. 
Fiscal year 2028: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00025
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(A) 
New 
budget 
authority, 
$1,210,420,000,000. 
(B) Outlays, $1,208,952,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$1,126,357,000,000. 
(B) Outlays, $1,125,928,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
$1,276,602,000,000. 
(B) Outlays, $1,276,291,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$1,358,554,000,000. 
(B) Outlays, $1,358,476,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
$1,445,982,000,000. 
(B) Outlays, $1,445,966,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$1,664,590,000,000. 
(B) Outlays, $1,664,595,000,000. 
Fiscal year 2034: 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00026
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
(3) lower taxes that discourage work, savings, 
and investment; 
(4) deregulate the economy and enact reforms 
to diminish bureaucratic red tape; and 
(5) eliminate barriers to work so more Ameri-
cans enter (or reenter) the job market. 
SEC. 4002. POLICY STATEMENT ON MANDATORY SPENDING 
REDUCTION. 
(a) FINDINGS.—The House finds the following: 
(1) The United States faces a significant debt 
crisis, with the national debt currently exceeding 
$36 trillion, or 123 percent of GDP. 
(2) Since 2019, mandatory spending has in-
creased by 59 percent. 
(3) This debt poses a significant risk to the 
country’s long-term fiscal sustainability, with impli-
cations for future generations. 
(4) Mandatory spending currently accounts for 
over 70 percent of the entire Federal budget. 
(5) The deficit for fiscal year 2025 is projected 
to be $1.9 trillion, or 6.2 percent of GDP. 
(6) This fiscal year, net interest will total $952 
billion, or 3.2 percent of GDP. 
(b) POLICY
ON MANDATORY SPENDING REDUC-
TION.—It is the goal of this concurrent resolution to re-
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00051
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
•HCON 14 RH 
Congressional Budget Office’s updates to its baseline for 
fiscal years 2025 through 2034. 
SEC. 5006. EXERCISE OF RULEMAKING POWERS. 
Congress adopts the provisions of this title— 
(1) as an exercise of the rulemaking power of 
the Senate and the House of Representatives, re-
spectively, and as such they shall be considered as 
part of the rules of each House or of that House to 
which they specifically apply, and such rules shall 
supersede other rules only to the extent that they 
are inconsistent with such other rules; and 
(2) with full recognition of the constitutional 
right of either the Senate or the House of Rep-
resentatives to change those rules (insofar as they 
relate to that House) at any time, in the same man-
ner, and to the same extent as is the case of any 
other rule of the Senate or House of Representa-
tives. 
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00058
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB
VerDate Sep 11 2014 
23:49 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00059
Fmt 6652
Sfmt 6201
E:\BILLS\HC14.RH
HC14
kjohnson on DSK7ZCZBW3PROD with $$_JOB