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As Congress nears another deadline this Friday for funding the government, a lot is on the table in terms of what could be included in a deal to increase spending across the board. Whether Congress is forced into a partial government shutdown or it chooses to bunt the issue another few weeks or so with the fourth continuing resolution of this fiscal year, the spending issue will have to be addressed in the near future.
FreedomWorks Vice President of Legislative Affairs Jason Pye released the following statement at the conclusion of the vote in the House of Representatives on the FY 2018 budget resolution, which provides the path for a tax reform bill under reconciliation:
FreedomWorks President Adam Brandon made the following statement ahead of consideration of the FY 2018 budget resolution, which includes reconciliation instructions for fundamental tax reform:
U.S. federal debt added up to $908 billion in 1980, but today, nearly 40 years later, the number comes in around $20 trillion. That the amount owed by U.S. taxpayers has soared over twenty-fold would, in a static world, correlate with a huge increase in borrowing costs for the U.S. Treasury.
Seemingly lost in an endless tug-of-war between supporters of big and bigger government is that the federal government is not stockpiling dollars when it taxes and borrows away the wealth we produce. If only that were so.
As passed by the House last month, the National Defense Authorization Act, H.R. 2810, contains language that prohibits a new round of Base Realignment and Closure (BRAC). An amendment offered by Rep. Tom McClintock (R-Calif.) to strike this section of the bill failed by a vote of 175 to 248.
The Congressional Budget Office (CBO) has released its analysis of the President’s Budget Proposal. In collaboration with the Joint Committee on Taxation (JCT), the CBO reviewed the President’s proposals to see what the likely impact would be were they implemented. What it found was a major reduction in spending that would reduce the deficit and promote economic growth.
Ahead of the vote on the omnibus spending bill, FreedomWorks President Adam Brandon released the following statement about the organization's key vote against the Consolidated Appropriations Act, H.R. 244:
FreedomWorks Foundation, American Legislative Exchange Council, Tea Party Patriots and Committee to Unleash Prosperity in partnership with a coalition of conservative organizations and prominent individuals, launched the Save Our Country Task Force.