Conservatives in U.S. House Release Budget Plan
Posted April 27, 2018
On April 25, Republican Study Committee (RSC) Chairman Mark
Walker and RSC Budget and Spending Task Force Chairman Tom
McClintock released the RSC's annual budget proposal for FY 2019
entitled "A Framework for Unified Conservatism."
Following is the executive summary:
Unites Conservatives by accomplishing long-time conservative
- Reins in federal spending to present a path to balance in eight
- Refocuses federal spending on core constitutional
responsibilities like national security.
- Provides reconciliation instructions to allow for mandatory
spending reforms, Obamacare repeal, welfare reform, and the
permanent extension of tax cuts.
Fully funds national security as threats emerge from North
Korea, Iran, Russia and China.
- Honors the President's defense funding request with $716
billion in FY 2019, increasing to $800 billion in FY 2028, for a
total of $7.571 trillion for national security over the next
- Breaks the artificial "firewall" in discretionary spending to
deconstruct the notion of parity between national security spending
and the bloated non-defense programs.
- Invests in readiness, a robust naval fleet, and responsiveness
to threats in multiple theaters.
Provides A Responsible Fiscal Path
- Reduces spending by more than $12.4 trillion compared to
current law over ten years.
- Balances the budget in 8 years.
- Lowers FY 2019 non-defense discretionary to $355 billion and
reverses planned cap increases.
- Cuts and eliminations target programs that fall outside of
Article I legislative authority and that are duplicative,
unnecessary, wasteful, or ineffective and limits funding for
Makes Social Security Solvent
- Implements the Social Security Reform Act, to achieve long-term
- Phases in an increase of the eligibility age to 70 to keep up
with increases in longevity.
- Updates to a more accurate system for calculating
cost-of-living adjustments for those most in need.
- Modernizes the benefit formula for new retirees, provides
additional support for the most vulnerable, reduces barriers to
staying active in retirement, and prohibits overpayment debt
- Saves and improves Medicare by providing more choices, lower
costs, and a simpler model.
- Reduces costs for beneficiaries by implementing premium support
in 2023, while including traditional fee-for-service as an
- Phases in an increase to eligibility age to align with Social
Security and account for longer lifespans.
- Combines Parts A & B, reforms Medigap, and phases in increased
premiums and means testing.
- Without reform, the Medicare Trust Fund is depleted by
Empowers Americans to Ensure Opportunity, Upward Mobility, and
- Rewards work and earned success to empower American
individuals, families, & local communities.
- Requires work, job search or training, or volunteering by all
able-bodied adults to qualify for government assistance.
- Implements reforms to eliminate marriage penalties, fight
fraud, and allow for more state flexibility.
- Postpones benefits until full-citizenship granted.
Restores Article I and Fixes the Budget Process
- Identifies reforms to restore a properly limited and
accountable federal government.
- Holds the administrative state accountable to the people.
- Permanently bans earmarks, restores the Article I power of the
purse, increases transparency, undoes permanent authorizations, and
promotes conversion of mandatory programs to discretionary.
Protects Conservative Values
- Protects the Second Amendment, secures the border, protects
life, and preserves religious liberty.
Tax Cuts Will Generate Greater Economic Opportunity
Posted April 25, 2018
Fact Sheet from the White House:
ENCOURAGING ENTREPRENEURSHIP: Small business owners will
be able to grow and thrive under the Tax Cuts and Jobs
- The Tax Cuts and Jobs Act will help more American entrepreneurs
gain the financial footing they need to expand and invest in their
- Small businesses which organize as sole proprietorships, S
corporations, and partnerships will be able to deduct 20 percent of
their qualified business income.
- Businesses will be able to fully write off the cost of capital
investments for the next 5 years.
- Optimism among small business owners continues to soar
following the President's signing of the Tax Cuts and Jobs Act into
- Small business confidence surged to a record high following the
passage of tax reform, according to a CNBC/Survey Monkey
- Optimism among small business owners remains at a historically
high level, according to a National Federation of Independent
Businesses (NFIB) survey from March 2018.
- Small business optimism reached an eleven-year high in the
first quarter of 2018, according to the Wells Fargo/Gallup Small
- President Trump's tax cuts will benefit small businesses,
including minority-owned businesses, which are a critical driver of
our Nation's economic success.
- Minority-owned businesses generate more than $1 trillion in
economic output annually.
- The number of minority-owned businesses is growing at a faster
rate than non-minority owned businesses.
- Nearly 8 million Americans are employed by minority-owned
- A recent survey by the Chamber of Commerce and MetLife shows
that minority-owned businesses are looking forward to even more
success in 2018.
- 93 percent of minority-owned businesses expect to have a good
year in 2018 according to the MetLife and Chamber of Commerce Small
- 71 percent of minority-owned businesses are expecting an
increase in revenue in 2018.
GREATER OPPORTUNITY FOR WORKERS: The Tax Cuts and Jobs
Act will help spur more business growth and job creation,
benefiting American workers.
- Businesses are ready to expand as a result of the tax cuts and
reforms signed into law by President Trump, creating more
employment opportunities for those seeking work.
- Expected employment growth for 2018 has reached an all-time
high among American manufacturers, according to a National
Association of Manufacturers (NAM) survey.
- Job creation plans among small businesses remain at a
historically high level according to a March 2018 survey by the
National Federation of Independent Businesses.
- The Tax Cuts and Jobs Act will build upon Administration
efforts to revitalize the American economy and increase economic
opportunity for all.
- More than 2.5 million jobs have been created since President
Trump took office.
- The unemployment rate has remained at a 17-year low of 4.1
percent since October of last year.
- In 2017, Hispanic and African American unemployment rates
reached their lowest levels on record.
REVITALIZING COMMUNITIES: The Tax Cuts and Jobs Act
signed into law by President Donald J. Trump will expand economic
opportunity in underserved communities.
- The Tax Cuts and Jobs Act includes the bipartisan Opportunity
Zones Program, which will incentivize investment in economically
distressed communities designated as Opportunity Zones.
- More than 52 million low-income Americans live in communities
that may benefit from the Opportunity Zones Program.
- Investments are pooled into Opportunity Funds and deployed into
communities where they will help fund new and small businesses,
develop blighted properties, finance construction and
refurbishment, and more.
- On April 9, 2018, the Treasury Department and the Internal
Revenue Service (IRS) announced the first round of Opportunity Zone
designations for communities in 18 States.
Four Senate Republicans Retiring
Posted April 17, 2018
Bob Corker, Tennessee
Jeff Flake, Arizona
Orrin Hatch, Utah
Thad Cochran, Mississippi
Senator Cochran resigned effective April 1 because of health
concerns. Governor Phil Bryant (R) appointed Mississippi
Commissioner of Agriculture and Commerce Cindy Hyde-Smith (R) to
fill the seat on March 21, 2018. There will be a special election
on November 6, 2018. If no candidate receives a majority of the
vote in this election, a runoff will take place on November 27,
2018. The winner of the special election will serve the remainder
of Cochran's term until January 3, 2021.