There’s five days remaining before a two-week spring recess, and Congress will probably remain bitterly divided as it continues work on the 2009 federal budget. Also this week, a March 15 deadline is fast approaching for some type of agreement on the long-delayed Farm bill, while lawmakers will question the Air Force over a recent contract for airborne fuel-tankers, and discuss proposed cuts to a popular community revitalization program.
The tax cuts pushed by President Bush earlier in this term aren’t set to expire for another two years, but they’re figuring heavily into discussions in the 2009 federal budget. The cuts extend to some middle-income brackets and were approved with bipartisan support. However, they automatically sunset in 2010.
While Democrats haven’t signaled whether they would let the cuts expire at that time, the budget resolutions working their way through the House and Senate are based on Congressional Budget Office guidelines. Since the CBO relies on current law for projections, the House and Senate resolutions assume some additional revenue would be generated when the cuts expire.
Republicans will be quick to jump at an opportunity to blame the majority for any spending supported by new taxes. That presents a problem for House and Senate Democrats, who respectively have included $12 billion and $18 billion in increases for domestic programs.
President Bush has vowed to veto any budget bills that exceed his proposal, setting up a repeat of the 2008 budget, when continuing resolutions were used to keep the government running while Congress and the White House battled over appropriations bills.
For more, including committee schedules, keep reading after the break: