Feds Avoid Retirement Cuts in 2018 Budget Resolution
In a narrow 216-212 vote, the House passed the Senate’s version of the 2018 budget resolution Thursday morning, which excludes cuts to the federal retirement system that were originally proposed.
The House decided earlier this week to forgo a lengthy conference over a concurrent budget resolution and simply adopt the Senate’s version, which does not include reconciliation instructions that propose billions of dollars in cuts to the federal retirement system.
The House vote does set the stage for lawmakers to begin negotiations in the coming weeks over new tax policies, as the measure includes reconciliation instructions but to only two committees: the Finance Committee to develop legislative proposals for $1.5 trillion in “comprehensive tax reform” and the Energy and Natural Resources Committee to find $1 billion in deficit reductions.
The White House applauded the passage of the resolution.
Thursday’s vote is good news for federal employees, because the recently passed budget resolution will not prompt the House Oversight and Government Reform Committee to develop legislative proposals to reduce the federal deficit by $32 billion over 10 years through reforms to civil service pensions, as first suggested.
Article from Federal News Radio
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