Blueprint for Balance: A Federal Budget for Fiscal Year 2018 heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
There were mixed signals from the White House on Tuesday about whether spending cuts or economic growth will fund the boost in defense spending that President Donald Trump reportedly will seek from Congress. Either way, this is an opportune time to dramatically reduce excessive regulatory budgets that of the Environmental Protection Agency foremost among them. The White House on Monday sent budget outlines to federal agencies for comment, and the environmental lobby is in high dudgeon over a reported 24 percent proposed cut to the EPA’s $8 billion budget.
President Donald Trump’s proposed budget for fiscal year (FY) 2021 proposes to significantly reduce the size and reach of the federal bureaucracy by focusing federal activities on constitutional priorities and empowering state and local governments to address other issues closer to the people. Such reforms would have put the budget on track to balance, before exceptional measures to respond to COVID-19 (a disease caused by the novel coronavirus that originated in China) led to a steep and sudden economic decline and a massive increase in deficits.
[This piece has been published in Restoring America to highlight how a responsible budget would benefit individual consumers and the economy as a whole.]
A budget is more than just the sum of its revenues and outlays. It’s also a reflection of the values held by its drafters. Based on the budget proposed Thursday by the Republican Study Committee, the caucus of conservatives in the House of Representatives, its members value America. Here are 11 ways that the Republican Study Committee’s budget would help save the country: 1) It Cuts Wasteful Federal Spending