Lewis: our balanced budget will kickstart tax reform
WASHINGTON, D.C. - Congressman Jason Lewis (MN-02) issued the following statement after voting for the Fiscal Year 2018 Budget Blueprint, Building a Better America, as it passed the Budget Committee today:
“This budget puts our kids first by finally tackling the unchecked mandatory spending from Washington which threatens the federal government’s ability to provide--even function--for the next generation. Interest costs are exploding from record debt and that's why I was glad to support a Budget Committee blueprint that not only balances in ten years, but gets tax reform going in order to encourage economic growth and deliver a tax cut for the middle class.
“However, I do believe we should do more to enhance accountability over all federal spending moving forward. My Defense Spending Accountability Act to audit the DOD helps to do just that. I look forward to supporting this budget in the House to begin tackling the $20 trillion national debt.”
Background: Building a Better America is the House Budget Committee’s blueprint for Fiscal Year (FY) 2018. You can read it here. The budget balances within 10 years by addressing spending, reforming government, and growing the economy. The budget produces a $9 billion surplus in FY2027, and achieves $6.5 trillion in total deficit reduction over 10 years. It provides reconciliation instructions for tax reform in order to lower rates and simplify the complex tax code.
This budget sets overall discretionary spending for fiscal year 2018 at $1.132 trillion, which includes:
- $621.5 billion in defense discretionary spending
- $511 billion in non-defense discretionary spending