House Passes Budget that ‘Empowers Americans to Build Better Lives.’
Targeted News Service |
Rep.
"For the fourth year in a row, we passed a responsible budget that will balance and empower Americans--present and future--to build better lives for themselves and their families. This budget will spur economic growth, repeal ObamaCare, and strengthen and reform safety net programs. It stands up for families and small businesses by attacking the bloated programs, cronyism, and corporate welfare that undermine free enterprise and opportunity. This budget shows we trust the American people with their own lives.
By contrast the
The FY15 Budget, the Path to Prosperity, was authored by Rokita, Budget Chairman
For the third year in a row, the House budget includes
The Path to Prosperity: A Responsible, Balanced Budget
Summary Courtesy of
Cuts
* Cuts discretionary spending below the "post-sequester" caps.
* Cuts
Balances the Budget
* Balances the budget in 2024 by growing the economy and shrinking big government.
* Puts the country on a path to paying off the debt entirely.
Repeals Obamacare
* Frees one-sixth of the U.S. economy from government mandates and controls.
* Reverses Medicaid's eligibility expansions and ends the Obamacare exchange subsidies.
Reforms Major Entitlements
* Provides state flexibility in
* Provides state flexibility in
* Strengthens the work requirements in Food Stamps (SNAP).
* Makes structural reforms to
Reforms the Tax Code
* Lowers the top individual and corporate tax rates to 25 percent.
* Eliminates special-interest tax loopholes.
* Moves to an internationally competitive tax system.
* Eliminates the Alternative Minimum Tax.
Cuts Cronyism, Corporate Welfare, and Waste
* Ends Dodd-Frank's bailout of big banks.
* Ends green-energy slush fund and other corporate subsidies in the energy industry.
* Eliminates
* Closes the Food Stamps "heat and eat" loophole.
* Ends concurrent receipt of
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