Following a cancelled vote and intensive negotiations between leadership and a dozen of the most fiscally conservative members of the Republican Conference, the U.S. House of Representatives voted 216-214 to adopt the Senate’s version of a budget resolution. The U.S. Senate had previously voted 51-48 to advance a budget resolution that allows it to count $3.8 trillion worth of tax cuts as having no deficit impact. As a result, the enactment of $5.3 trillion worth of tax cuts will be ruled to have a cost of only $1.5 trillion. Many in the House of Representatives objected to this scoring mechanism and to the fact that the Senate resolution requires only $4 billion in spending cuts. House Speaker Mike Johnson (R-LA), Senate Majority Leader John Thune (R-SD), and President Trump worked through last week to win over members of the Conference opposed to the Senate resolution.
The budget resolution directs a multitude of House and Senate Committees to develop legislation to reduce spending and extend tax cuts. Committees will now begin work on their portions of the package and will begin passing bills later this month. Once all relevant committees have passed their portions, the legislation will be combined into a single “reconciliation” package, which allows the House and Senate Majority to pass the legislation with a simple majority vote rather than having to reach 60 votes in the Senate.
WateReuse has worked since early last year to secure a federal investment tax credit (ITC) to help scale up the use of recycled water by manufacturers, data centers, and other industrial entities. We continue to push for the ITC to be included in the upcoming reconciliation package. If your organization is interested in helping with this effort, please reach out to Greg Fogel, WateReuse Policy Director, at gfogel@watereuse.org. |