House Budget Committee Introduces Fiscal Year 2017 Budget

A Balanced Budget for a Stronger America

WASHINGTON, D.C. – House Budget Committee Chairman Tom Price, M.D. (GA-06) issued the following statement today after the House Budget Committee introduced its Fiscal Year 2017 budget proposal, A Balanced Budget for a Stronger America:

“We need real solutions to overcome the fiscal, economic, and national security challenges facing our nation. Surrendering to the status quo or failing to act boldly will mean Americans today and in the future will have less opportunity and less security. The Fiscal Year 2017 House Republican budget, A Balanced Budget for a Stronger America, provides a vision and specific solutions for how we can, as a nation, get our fiscal house in order, strengthen our national security, provide support for those who need assistance, and empower our citizens and our communities. It is a plan to balance the budget through commonsense reforms and greater economic growth; to create a healthier economy, more secure nation, and a more accountable Washington.”

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Summary & Key Facts

Balances the Budget

Balances the budget within 10 years – without raising taxes – and puts the country on a path to paying off the national debt

This budget achieves $7 trillion in deficit reduction over ten years through a combination of $6.5 trillion in savings coupled with economic growth

Savings are higher than any previous House Budget Committee proposal and discretionary spending is below 2008 levels

Requires consideration of legislation this year to achieve at least $30 billion in automatic spending reductions and reforms over the near term

Advances budget process reforms to promote fiscal discipline, and calls for a vote on a Balanced Budget Amendment this year

Strengthens Our National Defense

Provides for greater security at home and strength abroad at funding levels above the president’s budget and with increased resources for training, equipment and compensation

Supports the bipartisan prohibition on closing the Guantanamo Bay detention facility and transfer of detainees to American soil

Identifies vulnerabilities in our nation’s refugee program and calls for oversight and rigorous screening

Calls for an improved and accountable Department of Veterans Affairs that can better deliver services and benefits to our veterans

Empowers Our Citizens & Communities

Promotes job creation and a healthier economy by calling for a fairer, simpler tax code, regulatory reform, expanded energy production, and a more efficient, effective and accountable government

Repeals all of Obamacare 
Endorses patient-centered health care solutions that improve access to quality, affordable care

Saves, strengthens, and secures Medicare for current and future retirees

Empowers states and local communities with the flexibility to innovate and make improvements to Medicaid, nutrition assistance, education and other programs

Strengthens the Disability Insurance program by putting an end to the “double-dipping” loophole that currently allows individuals to receive both unemployment insurance and disability insurance simultaneously

Puts an end to corporate welfare and dismantles the Department of Commerce