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Facts and Summary

The Path to Prosperity:
A Responsible, Balanced Budget

The House Republican Fiscal Year 2015 Budget Resolution

Washington owes the American people a responsible, balanced budget. This is a plan to balance the budget in ten years and create jobs. This budget will achieve the following:

  • Expand opportunity by growing the economy.

  • Provide our troops the training, compensation, and support they need.

  • Repeal Obamacare to clear the way for patient-centered reform.

  • Provide families with a fair, simple tax code to boost wages and create jobs.

  • Secure seniors’ retirement by strengthening Medicare and other vital programs.

  • Strengthen the safety net and help people get back on their feet.

  • Restore fairness by cutting spending and combatting cronyism.

Balance the Budget. Grow the Economy.

The House Republican budget cuts spending by $5.1 trillion over the next ten years. It targets wasteful Washington spending and reforms the drivers of the debt.

This budget stops spending money we don’t have. A balanced budget will foster a healthier economy and help create jobs. This will ensure the next generation inherits a stronger, more prosperous America.

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Key Components of the House Republican Budget:

Protect the Nation

The first job of the federal government is to protect the country from threats at home and abroad. Whether defeating the terrorists who attacked this country on September 11, 2001, deterring the proliferation of weapons of mass destruction, or battling insurgents who would harbor terrorist networks, the men and women of the United States’ military have performed superbly. This budget rejects the President’s cuts to national security. It provides the best equipment, training, and compensation for their continued success. It also keeps faith with the veterans who have served and protected the nation.

Expand Opportunity

Though not sufficient by themselves, federal policies can help foster a stronger economy. This budget seeks to equip Americans with the skills they need in a 21st-century economy and to create jobs through long-overdue tax reform. Both reforms work off the same principle: The American people know their needs better than bureaucrats thousands of miles away.

Strengthen the Safety Net

This budget applies the lessons of welfare reform to other federal-aid programs. It gives states more flexibility to tailor programs to their people’s needs. It gives those closest to the people better tools so they can root out waste, fraud, and abuse. Finally, it empowers recipients to get off the aid rolls and back on the payroll. By enlisting states in the fight against poverty, this budget builds a partnership between the federal government and our communities. Although this budget does not lay out a full welfare-reform plan, it takes steps toward reforming these programs to encourage work, to increase economic growth and jobs, and to preserve the safety net. 

Secure Seniors’ Retirement

This budget protects and strengthens Medicare for current and future generations. It also requires the President and Congress to work together to develop a solution for Social Security. This budget recognizes that the federal government must keep its word to current and future seniors. And to do that, it must reform these programs.

Restore Fairness

The administration’s uncontrolled, wasteful spending in combination with an overzealous regulatory agenda has weakened an anemic economy and hurt job creation, especially for small businesses. To restore fairness and vitality to our economy, this budget ends cronyism; eliminates waste, fraud, and abuse; and returns the federal government to its proper sphere of activity.