House GOP releases budget blueprint
House Republicans on Thursday released their alternative to President Obama's budget, outlining a plan they say will cut spending and lower taxes while stimulating job creation.
Under their proposal, House Republicans promise to simplify the tax code and cut income tax rates to 10 percent for people making $100,000 or less.
"We're going to show a leaner budget, a budget with lower taxes, lower spending, and lower borrowing," said Mike Pence of Indiana, the No. 3 Republican in the House. "And it's going to be a budget that says, 'Here's how best to get America out of this struggling economy."'
Among the House GOP offerings: "Republicans seek to ensure that the federal budget cannot grow faster than families' ability to pay the bill."So it appears just a blue print and it was rightly critizied as being sparse in the fox news piece, but Bohner does make a good point about Obama (reason I included that second part).The plan came in the form of a broad overview and was lacking many specifics.
Republicans said more details would come out next week. House Minority Leader John Boehner, R-Ohio, argued that his party should have more time to settle on the details, just as Obama did.
"The president came to Capitol Hill and laid out his blueprint for his budget during the State of the Union. He didn't offer his details until days later. Today we are offering our blueprint," Boehner said.
I'm interested to see what it is. Simplifying the tax code is something that NEEDS to happen. I hope they have some thought on social security. Its an issue that MUST be addressed and both sides keep hot potatoing it because they know that to do anything close to what needs to be done is going to be near political suicide.
I'm not in favor of lowering taxes a ton if the spending Obama is going to keep doing continues because it'll just hurt us more, but I like the Republicans showing people what it really means to be a fiscal conservative if this is the kind of budget they really put out.
Lower the taxes, empower business, get spending under check, and get out of the way.