House Budget Committee Introduces “A Balanced Budget for a Stronger America”

WASHINGTON, D.C. – House Budget Chairman Tom Price, M.D. (GA-06) issued the following statement today after the House Budget Committee introduced its Fiscal Year 2016 budget proposal, A Balanced Budget for a Stronger America:

“Today, our nation faces tremendous fiscal and economic challenges and, if nothing is done, a future of less opportunity and low expectations. The proposal that the House Budget Committee has introduced today – A Balanced Budget for a Stronger America – is a plan to force Washington to start tackling these challenges with positive solutions. It is a plan that balances the budget in less than ten years, secures and strengthens vital programs – like Medicare – provides our military men and women with the resources they need to protect American families, and would make Washington more efficient, effective and accountable to hard-working taxpayers. In this budget, we have embraced the innovative spirit of the American people by putting forth policies that can deliver real results and that empower individuals, families, job creators and our communities to build a stronger more secure future.”


Balances the Budget

•  Balances the budget in less than 10 years without raising taxes, in contrast to the President whose budget never balances
•  Cuts $5.5 trillion in spending – higher than any previous House Budget Committee proposal
•  Calls for a fairer, simpler tax code to promote job creation and a healthy economy
•  Places the country on a path to paying off the debt by growing the economy and making government more efficient, effective and accountable
•  Calls on Congress to pass a balanced budget amendment to the Constitution

Repeals Obamacare

•  Repeals Obamacare in full – including all of its taxes, regulations and mandates
•  Promotes freedom of choice, affordability, and patient-centered health care solutions
•  Eliminates IPAB, an unelected, unaccountable board of bureaucrats charged with making coverage decisions on health care

Ensures a Strong National Defense

•  Provides for a strong national defense through robust funding of troop training, equipment and compensation
•  Boosts defense spending above the president’s levels while putting in place a plan to responsibly address the current spending caps and the threat of sequester  

Secures Our Future

•  Ends the Obamacare raid on Medicare
•  Strengthens Medicare by making structural improvements to save the program
•  Eliminates the “double dipping” of Disability Insurance and Unemployment Insurance
•  Prevents the president’s plan to raid the regular Social Security Trust Fund

Restores Federalism

•  Rejects the notion that Washington knows best and devolves power back to the states
•  Promotes innovation and flexibility for Medicaid, nutrition assistance, education and other programs

Cuts Waste, Corporate Welfare and Improves Accountability

•  Cuts waste, eliminates redundancies and ends the practice of Washington picking winners and losers in our economy
•  Calls for reforms to the regulatory system to improve transparency, efficiency, effectiveness and accountability