With the federal budget process in flux, lawmakers are divided on how to prioritize taxpayer dollars and how to address the fiscal gap between revenues and expenditures. Thankfully, the Republican Study Committee (RSC) has released its own budget, proposing $12.6 trillion in spending cuts over the next decade and promising a balanced federal budget by 2026. The RSC is once again on the cutting edge for offering a fiscally responsible and reform-minded budget that should serve as a blueprint for true spending reform that will benefit taxpayers and the economy over the long term. NTU is encouraged to see members of Congress taking the lead on setting the United States on the road towards fiscal sanity and we are pleased to support their pro-taxpayer budget.
The RSC’s budget proposes big, bold changes to address the nation’s record debt and ballooning deficits. Within a framework that balances the budget, inside a six-year time horizon, and makes smart choices to accommodate key priorities such as making many Tax Cuts and Jobs Act (TCJA) provisions permanent, right sizing the government’s involvement in both the housing and health care market, improving the fiscal health of Medicare and Social Security, reasserting Congress’s role on trade policy, and so much more. The RSC is to be commended for continuing to make what are increasingly tough, but necessary, choices on behalf of taxpayers and the economy.