Wednesday, August 5, 2020
Home politics House Republicans Reduce Spending, Work Towards Tax Reform

House Republicans Reduce Spending, Work Towards Tax Reform

Despite the lack of progress with healthcare reform, it appears that all hope is not lost with Republicans. According to CNN, the House GOP presented a “Building A Better America” budget earlier today which will decrease regulations, reduce funds going towards social welfare programs, and other detrimental and unnecessary policies enacted by the Democrats. Obviously, many liberals are not pleased with the budget cuts, but America, as a nation, has to stop overspending if we ever want to get out of debt.
According to House budget committee Chairwoman Diane Black, the budget “will lay out a path to balance, promote job creation, give our military the resources they need to protect our nation, and hold Washington accountable. This budget also sets out reconciliation instructions to fix our broken tax code and make long-overdue reforms to mandatory spending.

Despite the merits of the “Building A Better America” budget, House Republicans will have to sell it to conservative House Freedom Caucus members. Many of these people want greater spending reductions and more precise details regarding tax reform. So far, the Speaker of the House, Treasury Secretary, and Senate Republicans are still struggling to eliminate tax credits and fund a tax code rewrite. The House GOP has their work cut out for them, but they will have to find a way.
More details about the Republicans’ plan can be found down below on the Balanced Budget website:

Most Popular

Obama Admin Paid Over $1 Million to FBI Informant who Spied on Trump Aide After Election

Longtime Deep State operative and Cambridge professor, Stefan Halper, was paid more than $1 million by the Obama administration starting in 2012 for various...

Billionaire Couple Linked to the Clinton Foundation’s Work in Haiti Found Dead in Claimed “Murder/Suicide”

As the country continues to mull over whether or not President Trump is a racist for allegedly describing Haiti as a dung heap, another...

Pelosi: Investigating Trump Without Evidence is our “Constitutional Responsibility”

Harvard Law School professor emeritus Alan Dershowitz said in May 2017 that Muller’s Russia probe was “being done backwards” and compared it to Stalin’s...

Harvard Law Prof: Every Family Should Be Under Mandatory Government Surveillance

If you’ve never read Brave New World by Aldous Huxley, you should, especially if your view of the world today is as tainted as my...

Recent Comments