WASHINGTON D.C. – Wyoming’s economy could see a boost thanks to the Senate’s recently passed budget resolution and its plan to reduce federal overspending, according to the non-partisan Congressional Budget Office.
The budget resolution would also foster an estimated nearly 3,000 new jobs in Wyoming by 2025, according to the Senate Budget Committee.
“Not only would the Senate’s budget plan begin to end our overspending by balancing over 10 years with no new taxes, it would spur Wyoming’s economy by creating a more efficient, effective and accountable federal government,” said Enzi, Chairman of the Senate Budget Committee. “We have worked hard to craft this budget because Wyoming’s residents deserve a responsible plan that will help cultivate jobs and improve opportunities for all.”
Click here to see breakdown of the economic impact from the Senate’s balanced budget in Wyoming.
Though the budget does not allocate specific spending and does not have the force of law, Enzi said it did include language that would encourage policies that are good for Wyoming. These include:
· Protection for Payment in Lieu of Taxes.
· Protecting payments to rural hospitals.
· Prohibiting implementation of the United Nations Arms Trade Treaty prior to Congressional approval.
· Blocking the administration from withholding highway funds if a state doesn’t submit an implementation plan for a proposed Environmental Protection Agency regulation.
· Providing better health care to veterans who reside more than 40 miles driving distance from the closest medical facility of the Department of Veterans Affairs.
· Limiting the Environmental Protection Agency (EPA) from adopting an expanded and broad regulatory definition of “Waters of the United States.”
· Allowing for the repeal of the Federal estate tax, also known as the “death tax”.
· Requiring the U.S. Fish and Wildlife Service to consider the total potential economic impact of any new critical habitat designation
The House passed its budget earlier this week. The two chambers will now form a conference committee to resolve the differences between the two resolutions. The Budget Resolution is the broad framework or outline Congress sets for spending and is not signed by the president.