By Tom Price
Chairman of the House Budget Committee
March 17, 2015
At the core of America’s character lies a founding belief that we as a people ought to always strive to build a better, more innovative, open and free society. When we look at America today, we see a nation that is not living up to its economic or leadership potential, and the reason why has nothing to do with the quality and character of the American people. Rather, Washington has been unable or unwilling to tackle big challenges with positive solutions.
That’s unacceptable, and it is why Tuesday we are introducing “A Balanced Budget for a Stronger America.” It’s a plan to create jobs and restore fiscal discipline in Washington by empowering individuals, families, businesses and our local communities with the freedom and flexibility to build a healthier economy.
First and foremost, we balance the federal budget in less than ten years by reducing spending by $5.5 trillion — without accounting gimmicks or higher taxes. This puts us on a path to pay down the national debt. This is in stark contrast to President Obama’s budget proposal which never, ever balances despite trillions in tax increases.
Our goal is not merely to make Washington live within its means. It is to lift the cloud of uncertainty that is hanging over our economy. We know that job creators and future entrepreneurs see today’s large debt levels as tomorrow’s likely tax hikes, interest rate increases, and inflationary pressures. Through policies like fundamental tax reform, expanded energy production and the streamlining or outright elimination of unnecessary regulations, our budget would create an environment where folks can plan for the future with greater confidence and optimism.
Click here to read the full op-ed.