April 2, 2014—House Budget Committee Chairman Paul Ryan (R-WI) released his FY2015 Budget Resolution yesterday, which includes more than $5 trillion in cuts over the next 10 years. APLU Congressional Affairs staff are working with member universities and Congressional offices to advocate for funding for programs important to public universities.
In addition, APLU joined with other higher education associations to urge an extension of the deduction for tuition and fees and the IRA charitable rollover in any tax extenders package that may be considered this year.
House Budget Committee Chairman Paul Ryan (R-WI) released his FY2015 Budget Resolution yesterday. The House Republican budget cuts spending by $5.1 trillion over the next ten years. While holding FY2015 to the levels agreed to in the Murray-Ryan budget deal from December, for FY2016 and beyond, the budget resolution significantly increases cuts beyond the sequester levels to the non-defense discretionary (NDD) side of the budget. In FY2016, the NDD cap would be lowered 8.5 percent from $492 billion to $450 billion and at the end of the decade NDD would be cut by 22 percent. While this budget resolution will definitely not be taken up by the Senate, the related report refers to this as a “blueprint for the country’s future” and pieces of this proposal will likely make it into appropriations and other bills introduced by the House majority.
Highlights of relevance to the research university community from the Ryan Budget plan include:
APLU joined with other higher education associations in a letter urging the Chairs and Ranking Members of the House Ways and Means and Senate Finance Committees to include an extension of the deduction for tuition and fees and the IRA charitable rollover in any tax extenders package that may be considered this year. Both of these provisions expired at the end of 2013 and were eliminated or not extended in the recently released comprehensive tax reform “discussion draft” released by Chairman Dave Camp (R-MI). Additionally, Chairman Camp has recently stated that he prefers to seek a permanent solution to the many expired tax provisions and that each provision should be examined one-by-one.