Rep. Hensarling Issues Statement on Build Better America Budget

WASHINGTON, Oct. 5 -- Rep. Jeb Hensarling, R-Texas, issued the following statement after supporting the House fiscal 18 Build A Better America budget:

"Congress has created a plan that paves the way to address our spending-driven debt crisis and reform our broken tax code. Under the current tax code, Americans are forced to navigate an overly complex system. Through this legislation, tax rates are lowered for individuals, tax brackets are consolidated, the amount of time needed for families to file taxes will be dramatically reduced, and our country's competitiveness will increase.

"The legislation passed today puts us on a path to fiscal responsibility with a balanced budget in 10 years, preserves the ability to repeal and replace Obamacare, gives our military greater resources to do their job, and rolls back regulations that stifle job growth. In fact, I supported an even more aggressive plan to address spending by supporting the Republican Study Committee's budget (http://rsc-walker.house.gov/files/Initiatives/SecuringAmericasFutureEconomyRSCFY2018Budget.pdf) - which unfortunately, did not pass.

"Wall Street and Washington are held accountable through the inclusion of key provisions of the Financial CHOICE Act. Through these provisions, the plan puts an end to taxpayer bailouts, the economy grows through competitive and transparent markets, and our families are protected from fraud - enabling them to achieve greater financial independence."