Washington, D.C. — Congressman Kurt Schrader (D-OR) today released the following statement after House passage of the short term budget patch for Fiscal Years 2014 and 2015:
“To call this a budget deal is making it out to be more than it is,” said Schrader. “It does reduce the effect of sequestration in the short term, but it pays for it through a budget gimmick by adding an extra two years of sequestration in the long term. We need a budget that injects certainty into our economy so that businesses have a good reason to invest and create jobs. We also need a budget that will fix our failing senior safety net programs. There was a great opportunity for Congress to finally repeal and replace a flawed Medicare physician payment system. Instead, the SGR will only be patched. My hat goes off to Congressman Ryan and Senator Murray for forging a bipartisan compromise, but we’re kidding the American people that this a real budget deal.”
The resolution sets spending levels for Fiscal Years 2014 and 2015 above the amounts agreed to in the Budget Control Act of 2011 (BCA). These spending increases over the next two years are offset by extending sequestration an extra two years through 2023. In FY2014 both defense and non-defense spending are increased by roughly $22 billion more than the spending caps established by the BCA. Each of these caps is then increased by roughly $9 billion in FY2015. For FY2016 through FY2023 the sequester remains in place.