Congressman Faso Praises Budget Committee Vote

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Washington, D.C., July 20, 2017 | comments
“The House Budget Committee has been working tirelessly to get a budget that gets Washington spending under control while providing the necessary support for critical domestic programs. This budget addresses the need for updates to much of our nation’s crumbling infrastructure, boosts our military, and rejects proposed drastic cuts to critical agencies like the EPA, NIH, and CDC”
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Washington, D.C. - Congressman John Faso (R-Kinderhook) today expressed optimism as the House Budget Committee completed its markup and passage of the Fiscal Year 2018 Budget, “Building A Better America.”

“The House Budget Committee has been working tirelessly to get a budget that gets Washington spending under control while providing the necessary support for critical domestic programs. This budget addresses the need for updates to much of our nation’s crumbling infrastructure, boosts our military, and rejects proposed drastic cuts to critical agencies like the EPA, NIH, and CDC,” said Faso.

“Perhaps most importantly, this proposal promotes economic growth by rolling back federal regulations, saves over $200 billion in reforms to mandatory spending programs, and balances the budget within 10 years. As it stands, the national debt is almost $20 trillion – larger than the entire U.S. economy. Without action that number will climb to $29 trillion in the next 10 years, and mandatory spending accounts for close to 70 percent of the current budget. This underscores the need to start making progress on this front.” Faso concluded, “We need serious reforms to get our country back on the right fiscal path, and I believe that is the spirit of this budget proposal.”

Highlights of the Fiscal Year 2018 Budget:

Balancing the Budget “Building a Better America” balances the budget within 10 years by cutting spending, reforming government, and growing the economy. The budget produces a $9 billion surplus in fiscal year 2027. The budget proposes $6.5 trillion in total deficit reduction over 10 years. This budget sets overall discretionary spending for fiscal year 2018 at $1.132 trillion.

$621.5 billion in defense discretionary spending.
$511 billion in non-defense discretionary spending.

Promoting Job Creation – Provides reconciliation instructions for fundamental tax reform that will lower rates, simplify the tax code, and incentivize employers to hire and grow. Calls for major reform of regulations that hold back job creation and innovation.

Securing the National Defense – The budget reflects Congress’s commitment to our men and women in uniform and provides them with the resources to complete the mission at hand.

Provides significant funding to secure the border and protect the homeland.

Calls for increased accountability at the Department of Veterans Affairs to ensure our veterans receive the care they deserve.

Cutting Spending and Reforming Government – This budget gives reconciliation instructions to 11 House committees to achieve at least $203 billion in mandatory savings and reforms.

This budget also aims to reduce government-wide improper payments by $700 billion.

To read the full text of the budget click here
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