WASHINGTON—Today, the Republican Study Committee released its annual alternative budget for fiscal year 2023. The budget serves as a comprehensive blueprint for conservative governance and was produced by the RSC Budget and Spending Task Force. Rep. Kevin Hern (R-OK) currently chairs that task force.
Over the past two years, thanks to the Biden administration and House Democrats, federal spending has risen to historic levels, fueling the highest inflation in 40 years. Despite an unprecedented $30.5 trillion in national debt, the RSC’s “Blueprint to Save America,” would balance the federal budget in just seven years, cut spending by $16.6 trillion over 10 years and reduce Americans’ taxes by $3.9 trillion, while increasing investments in our military by 5%.
House Democrats have failed to produce any kind of budget.
RSC Budget and Spending Task Force Chair Rep. Kevin Hern said: “A fiscally responsible budget isn’t just for conservatives – it’s for all Americans. The RSC budget prioritizes smart, common-sense policy to empower workers and save our country from a debt disaster. When Washington spends less, American families have more.”
RSC Chairman Rep. Jim Banks said: “The federal government has spent more at a faster rate over the past two years than at any point in history. It’s not a coincidence that Americans are worse off than they’ve been in years. Reckless spending has failed, and conservatives in Congress should take the opportunity to course correct, rein in spending and save America from a dire fiscal future.
I’d like to thank the RSC Budget and Spending Task Force, its Chair Kevin Hern, and the over 80 RSC Members whose policy proposals were included in this years’ budget. Producing a plan to balance the budget gets more difficult each year and it is only possible because of their contributions.”