Nostra
Diamond Member
- Oct 7, 2019
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This should be an issue that everybody agrees with.
HOUSE OF REPRESENTATIVES
Published 3 hours ago
EXCLUSIVE – House Republicans on Wednesday are unveiling their answer to President Biden's 2022 budget, putting forward a document that they say can balance the federal budget in five years while cutting taxes by $1.9 trillion.
The summary of the proposal by the Republican Study Committee (RSC), first obtained by Fox News, would slash a litany of discretionary programs, reform federal programs like Medicaid and the Children's Health Insurance Program (CHIP) into block grants, institute "zero-baseline budgeting," and more.
These cuts, combined with reduced regulations, increases in the retirement age for Social Security and eligibility age for Medicare, among other things, the RSC says, would bring the United States to a balanced budget in five years.
"The Democrats are introducing socialism and radically expanding the role of government, and in just a short amount of time, we’re already seeing the negative effects of their agenda on our economy. We're seeing a spike in the cost of living and slower than expected job growth. And this is just the beginning," Rep. Jim Banks, R-Ind., the RSC chairman, said in a statement.
HOUSE OF REPRESENTATIVES
Published 3 hours ago
House Republicans reveal answer to Biden's budget, say it could eliminate deficit in 5 years
RSC Chair Banks says budget will help Republicans 'reclaim the mantle of fiscal responsibility'
EXCLUSIVE – House Republicans on Wednesday are unveiling their answer to President Biden's 2022 budget, putting forward a document that they say can balance the federal budget in five years while cutting taxes by $1.9 trillion.
The summary of the proposal by the Republican Study Committee (RSC), first obtained by Fox News, would slash a litany of discretionary programs, reform federal programs like Medicaid and the Children's Health Insurance Program (CHIP) into block grants, institute "zero-baseline budgeting," and more.
These cuts, combined with reduced regulations, increases in the retirement age for Social Security and eligibility age for Medicare, among other things, the RSC says, would bring the United States to a balanced budget in five years.
"The Democrats are introducing socialism and radically expanding the role of government, and in just a short amount of time, we’re already seeing the negative effects of their agenda on our economy. We're seeing a spike in the cost of living and slower than expected job growth. And this is just the beginning," Rep. Jim Banks, R-Ind., the RSC chairman, said in a statement.
House Republicans reveal answer to Biden's budget, say it could eliminate deficit in 5 years
House Republicans on Wednesday are unveiling their answer to President Biden's 2022 budget, putting forward a document that they say can balance the federal budget in five years while cutting taxes by $1.9 trillion.
www.foxnews.com