Sets federal budget levels through 2034

Sets target levels for federal taxes, spending, deficits and debt from 2025 through 2034, and directs committees to write reconciliation bills.

• Sets revenue, spending, deficit and debt targets for each year from 2025 to 2034
• Tells House and Senate committees to write budget reconciliation legislation
• Creates reserve funds for deregulation, tax policy, Medicare and Medicaid, and over $2 trillion in spending cuts
• Includes policy statements on economic growth, mandatory spending cuts, and deregulation

Adopted by the House and Senate

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