House Republicans Expected to Release 2013 Budget Tomorrow

House Budget Committee Chairman Paul Ryan (R-WI) is expected to release a Fiscal Year (FY) 2013 Budget Resolution tomorrow, which is a blueprint for spending and tax policy for the year.  This is the first Congressional step in what will likely be a lengthy battle over appropriations levels, tax policy, and deficit reduction.   It is doubtful that all these issues, including the automatic spending cuts scheduled to take effect in January 2013, will all be resolved before the November election.  If not, then Congress could reconvene in a post-election “lame duck” session to try and resolve the issues and any other outstanding matters.   The FY 2013 House Budget Resolution is expected to contain deep cuts in critical domestic spending and include fundamental changes to the Medicaid and Medicare programs.   The Senate is not likely to vote on a Budget Resolution this year, as the Budget Control Act already set spending caps for 2012 to 2021.

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