Today, Republican Study Committee (RSC) Chairman Bill Flores (R-TX) and RSC Budget and Spending Task Force Chairman Marlin Stutzman (R-IN) released the House conservative caucus’ budget proposal for fiscal year (FY) 2016. The proposal, titled “Blueprint for a Balanced Budget,” balances the federal budget in six years, reforms and reduces government spending by $7.1 trillion relative to current policy over 10 years and repeals Obamacare through reconciliation. The budget also implements patient-centered health care reform modeled on the RSC’s American Health Care Reform Act.
“The Republican Study Committee’s Blueprint is a bold, conservative plan that will balance the budget, reign in rampant overspending and restore solvency to America’s safety-net programs,” Chairman Flores said. “This forward-looking document lays out a fresh, new vision for tackling some of Washington’s top fiscal challenges, while introducing policies that will grow our economy and create more jobs and better paychecks for hardworking American taxpayers. To truly restore America, we must first and foremost put an end to the Obama administration’s harmful tax-and-spend policies. Hardworking Americans know how important it is to live within your means; it is time the federal government learned that lesson, too. Thanks to Rep. Stutzman’s leadership, this budget reflects the RSC’s positive, ‘get it done’ agenda and will serve as an influential guide to getting this country back on track."
"I am very proud to have worked with Chairman Flores and his staff to produce a Blueprint for a Balanced Budget,” Rep. Stutzman stated. “This is a serious plan to reinvent the way Washington does business. This budget cuts wasteful spending, reforms our tax code and our safety net programs, repeals and replaces Obamacare, and strengthens our national defense by ensuring our military has the resources they need to meet the challenges of the 21st century. Now is the time to tackle the serious problems we face as a nation, so that we can pass on to future generations an America that is strong both at home and abroad. This budget is a strong step towards achieving that goal."
To read the complete budget, click here.
Produces a Balanced Budget. The Blueprint balances in six years, resulting in a balanced budget in FY 2021. This budget would bring spending down to 18.2 percent of GDP and limit revenues to 18.2 percent of GDP, close to the historical average.
Enacts Pro-Growth Tax Reform. The Blueprint puts forth pro-growth, pro-taxpayer reform that is simpler, fairer, more competitive, and budget neutral on a dynamic basis.
Reestablishes Our National Defense. The Blueprint strengthens our national defense by providing $570 billion in base defense spending in FY 2016 and $6.4 trillion for national security over the next decade.
Reforms and Reduces Washington’s Spending. The Blueprint cuts spending by $7.1 trillion relative to current policy over the 10 year budget window. The budget sets total FY 2016 discretionary spending at $975 billion, with non-defense discretionary reduced to $405 billion for the fiscal year and reduced by a total of $1.3 trillion by FY 2025. Unnecessary mandatory spending, outside of key safety net programs, will be reduced by $1.7 trillion between FY 2016 and FY 2025.
Repeals and Replaces Obamacare. The Blueprint fully repeals Obamacare through the reconciliation process. It replaces the president’s unpopular health care law with the RSC’s American Health Care Reform Act, a patient-centered solution that lowers costs, increases access to affordable health care and puts individuals back in charge of their healthcare decisions.
Strengthens America’s Safety Net Programs. The Blueprint offers common-sense reforms to strengthen America’s safety net programs, including Medicare, Medicaid, Disability Insurance and Social Security. By making changes that will restore these programs to solvency, we can ensure that they are there not only for current recipients, but for future generations.