House Budget Committee Proposes a Balanced Budget

The U.S. House Budget Committee revealed its proposed FY 2017 budget today. The resolution proposes a budget that balances within ten years without a tax increase, saving approximately $7 trillion via spending reductions and economic growth. It proposes defense funding levels above President Obama’s funding proposal, and provides for the preservation of Medicare.

Georgia’s 6th District Rep. Tom Price is the House Budget Committee Chair, and he had this to say in a prepared statement:

We need real solutions to overcome the fiscal, economic, and national security challenges facing our nation. Surrendering to the status quo or failing to act boldly will mean Americans today and in the future will have less opportunity and less security. The Fiscal Year 2017 House Republican budget, A Balanced Budget for a Stronger America, provides a vision and specific solutions for how we can, as a nation, get our fiscal house in order, strengthen our national security, provide support for those who need assistance, and empower our citizens and our communities. It is a plan to balance the budget through commonsense reforms and greater economic growth; to create a healthier economy, more secure nation, and a more accountable Washington.

Also on the Budget Committee is 7th District Rep. Rob Woodall, who said,

America faces significant economic and fiscal challenges, and today we on the Budget Committee introduced a balanced budget that confronts those challenges head-on. Each year I’ve been in Congress, the House has introduced and passed a budget that balances in 10 years or less, and each year we’ve partnered with the American people to present a clear alternative to the Obama Administration’s policies of never-ending deficit spending and ever-growing debt. Through a combination of savings and economic growth measures, our budget prioritizes national security, empowers the American people rather than Washington, and cooperatively produces $7 trillion in deficit reduction over a 10-year window.

We have made a lot of progress to get America moving again, but there is much more that we can do together. I am committed to moving this budget and this policy roadmap forward and continuing to grapple—one-by-one—with the challenges burdening hard-working American families. Working together, we can absolutely ensure that tomorrow is better than yesterday.

More information on the budget can be found here.

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