FRAC’s Review of President’s Proposed FY 2019 Budget
On Monday, February 12, President Trump released his FY 2019 budget proposal. One key component: devastating proposed cuts to the Supplemental Nutrition Assistance Program (SNAP) that reflect a total disregard of the critical role SNAP plays as a first line of defense against hunger and poverty for tens of millions of Americans. Check out a statement from FRAC President Jim Weill. For a summary of proposed reductions to SNAP and an overview of how other critical nutrition and social safety net programs fare in the president’s budget, check out FRAC’s newly released analysis (pdf).
Explore These Topics
- FY 2018 BudgetOn Thursday, October 26, the House passed the Senate version of the FY2018 budget, 216-212. This set up a fast-track process (“reconciliation”) for the House and Senate to take up a tax cut bill.
On Wednesday, December 20, Congress passed its tax cut bill, 224-201. The bill gives huge tax cuts to wealthy individuals and large corporations, while giving tiny tax cuts – or tax increases – to millions of low- and moderate-income households, adding $1.5 trillion to the overall U.S. deficit. GOP leadership has made it clear that in order to pay for that deficit, they will consider deep cuts to critical human needs programs, like SNAP. Check out FRAC’s statement on the passage of the GOP tax cut bill.
- FY 2018 AppropriationsAnnual funding for federal nutrition programs is provided through the agriculture appropriations bill. The agriculture appropriations bill is one of 12 appropriations bills that the House and Senate pass each year to keep government programs funded.
Although the House has passed its omnibus FY 2018 appropriations bill, the Senate is still working on its appropriations bills. We are currently operating under a Continuing Resolution that will expire on January 19, 2018.
- July 12 – House Appropriations Committee FY 2018 Agriculture Appropriations bill passed – see FRAC summary.
- July 20 – Senate Appropriations Committee FY 2018 agriculture appropriations bill passed – see Committee release.
- September 8 – President signed H.R.601 into Public Law 115-56, which funds the government through a continuing resolution and suspends the debt limit until December 8, while also providing supplemental appropriations for disaster relief.
- September 14 – House 12-bill appropriations omnibus bill, H.R. 3354 (pdf) passed.
- October 24 – Senate passed Congress’s second disaster relief package, H.R. 2266 – Additional Supplemental Appropriations for Disaster Relief Requirements Act, 2017. The bill became law on October 26.
- December 8 – The President signed into law Congress’s second continuing resolution, H.J.Res.123, which funded the government through December 22.
- December 21 — Congress passed its third Continuing Resolution that will fund defense and non-defense government programs through January 19, 2018. It also contained several other provisions, including funding to continue the Children’s Health Insurance Program (CHIP) through March 31, as well as language to waive automatic cuts (“PAYGO”) to Medicare and other programs that would be triggered by the GOP tax bill’s increase to the deficit.
Track the FY 2018 appropriations process, from subcommittee approval to final passage and public law.
- 2017 AppropriationsThe Joint Resolution H.J. Res. 99 (FY 2017) became Public Law No. 115-30 (4/18/2017) and set spending levels for FY 2017.
- Refundable Tax CreditsThe Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) are two of the federal government’s more effective methods in which to lift individuals and families out of poverty. Both of these tax credits are refundable, meaning that they can reduce a filer’s tax burden to zero and any remaining amount is treated as a direct refund to the filer.
Income thresholds for the EITC are dictated by marital status and number of children. Single childless workers can qualify for the EITC if their income is below $14,900 in the 2015 tax year.
The CTC is worth up to a maximum of $1,000 per child under the age of 17. Unlike the EITC, a family’s CTC grows as their income grows.
Did You Know?
Every year, Congress is supposed to follow a similar schedule of events throughout the budget and appropriations process. However, in recent years, this process has not always been followed — but the general schedule remains the same.