The GOP’s Plan to Tackle the National Debt: Empowering the House Budget Committee

The GOP’s Plan to Tackle the National Debt: Empowering the House Budget Committee

 

Image by 3D Animation Production Company from Pixabay

The national debt is one of the most severe problems facing the United States today. It is a growing problem that threatens our economy’s stability and our country’s future. The GOP has a plan to tackle the national debt, and they are empowering the House Budget Committee to lead the way.

The House Budget Committee is responsible for drafting and reporting a budget resolution each year. The budget resolution sets the overall spending levels for the federal government. The GOP’s plan is to reduce spending and get the national debt under control.

The GOP believes that the best way to reduce the national debt is to grow the economy. They believe that tax reform, regulatory reform, and pro-growth policies will grow the economy and create jobs. The GOP also believes that entitlement reform is necessary to reduce the national debt. The GOP’s plan to reduce the national debt is a serious plan that will address our country’s most serious problem today.

The Republicans have a plan to reduce the deficit and get the national debt under control. The GOP’s plan is to reduce spending and grow the economy. The first step in the GOP’s plan is to pass a balanced budget amendment to the Constitution.

This would require the federal government to live within its means and balances its budget each year. The second step in the GOP’s plan is to cut spending. The GOP wants to cut spending by $9.2 trillion over the next ten years. The GOP wants to achieve this by reforming entitlement programs, such as Social Security, Medicare, and Medicaid. The GOP also wants to cut non-defense discretionary spendings, such as education and environmental protection.

The third step in the GOP’s plan is to grow the economy. The GOP wants to grow the economy by 3% per year. They believe that tax reform, regulatory reform, and pro-growth policies will grow the economy and create jobs.

The Republican tax bill will increase the deficit by $1.5 trillion over the next ten years. The tax bill will cut taxes for corporations and the wealthy. It will also eliminate the individual mandate, increasing the number of uninsured people by 13 million. According to the Congressional Budget Office, the tax bill will increase deficits by $1.5 trillion over the next ten years.

The tax bill will reduce tax revenue by $1.2 trillion. It will also increase spending by $300 billion. The tax bill will increase the deficit in the short term, but the GOP believes that it will grow the economy and create jobs. They believe the tax bill will pay itself in the long term.

The Democrats have a plan to reduce the deficit by $1.5 trillion over the next ten years. The Democrats want to achieve this by raising taxes on the wealthy and cutting spending. The first step in the Democrats’ plan is to raise taxes on the wealthy.

The Democrats want to raise taxes on households making over $250,000 annually. The Democrats also want to eliminate the Bush tax cuts for the wealthy. These tax increases would raise $1 trillion over the next ten years. The second step in the Democrats’ plan is to cut spending.

The Democrats want to cut spending by $500 billion over the next ten years. The Democrats want to achieve this by reducing the cost of prescription drugs, cutting waste in the Pentagon, and reducing subsidies to oil and gas companies. The Democrats’ plan to reduce the deficit is a sensible plan to raise taxes on the wealthy and cut spending.

Now here is what we are stuck with. Raising taxes on the wealthy will not work, as they can retaliate by not creating jobs. Remember, they are the ones with the money and ability to create the jobs this country needs so badly. This is what the Democrats always offer up, Tax the wealthy.

Republicans on the other hand realize that raising taxes on the wealthy isn’t the answer. What I disagree with is how Republicans want to get their hands on entitalments. This will greatly hurt those who are on disability and the retired. Maybe, just maybe if they (Congress) would stop stealing money and do what is best for the people and not them (Congress) we could address the problem.

 

God Bless America, God Bless the Veterans

 

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