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Balances in Nine Years
Budget for a Brighter American Future achieves balance through responsible reforms and savings for government programs. The path mapped out in this budget reverses the current trend of growing deficits and debt that will ultimately result in a sovereign debt crisis, and yields surpluses by FY 2027.
By achieving $8.1 trillion in deficit reduction over ten years, this budget begins to slow down the unsustainable rate at which debt is growing to less than the American economy’s nominal rate of expansion. It does not make careless or sudden cuts to mandatory spending programs, but rather adopts thoughtful reforms to programs driving our debt and deficits. If the nation’s current situation remains unchanged, future generations will face unthinkable choices that could cripple our economy and adversely affect every American family.
Through reconciliation instructions for 11 House authorizing committees, this budget achieves at least $302 billion in mandatory savings over the ten-year window, showing a commitment to act now and forestall a debt crisis.
Consistent with levels signed into law in February 2018, this budget sets topline discretionary spending at $1.24 trillion.
- $647 billion for defense discretionary spending
- $597 billion for non-defense discretionary spending
Continues Economic Growth
Budget for a Brighter American Future builds on the success of the Tax Cuts and Jobs Act, further promoting economic growth and encouraging job creation. It reduces burdensome regulations currently holding back job creators.
Encourages Better Government and Greater Accountability
Budget for a Brighter American Future requires good stewardship by Executive Branch agencies of their budgets and encourages the more responsible use of taxpayer dollars. It promotes efficiency and effectiveness, prescribes reforms to sustain vital government programs, identifies and confronts wasteful spending, and strengthens accountability to generate better outcomes for Americans.
Empowers State and Local Governments
Budget for a Brighter American Future respects the constitutional powers granted to state and local governments by the Tenth Amendment. It acknowledges that some reforms are best decided by those distinct governing authorities in order to best serve the unique needs of their own citizens.
To promote more efficient use of taxpayer dollars, this budget seeks to scale back overreach of the federal government and restore power to the states in areas such as health care, welfare, environmental regulation, education, workforce development, and transportation.