Today, Congressman Ken Calvert (CA-42) voted along with a majority of the House of Representatives (219 to 206) to approve the Fiscal Year 2018 Budget Resolution (H. Con. Res. 71). The resolution paves the way towards consideration of comprehensive tax reform via the budget reconciliation process, making it immune from a Senate filibuster.
“The best thing Congress can do for American families and our economy is to pass tax reform that simplifies our code and lets taxpayers keep more of their hard-earned money,” said Rep. Calvert. “With the passage of the budget resolution, the House has taken a major step on the path towards tax relief. I’m hopeful the Senate will follow our example so we can move on to passing a tax reform bill.”
Fiscal Year 2018 Budget Resolution Highlights
(Provided by the House Budget Committee)
Balancing the Budget
The resolution draws a path toward a balanced budget within 10 years, without raising taxes, and places the government on a fiscal course sustainable for the long term. The national debt is already an impediment to greater prosperity and a threat to the security of future generations. This committee’s budget significantly reduces spending and reforms government programs to put us on a sustainable spending path.
Promoting Economic Growth
For the past eight years, government has been a hindrance to economic growth. This budget urges reversing this trend with a combination of pro-growth policies, including deficit reduction, spending restraint, comprehensive tax reform, welfare reform, Obamacare repeal-and-replace legislation, and regulatory reform. All can promote more robust growth over the longer term.
Ensuring a Strong National Defense
Defending America’s security is the highest priority of the Federal Government. To that end, this budget supports robust funding for troop training, equipment, compensation, and improved readiness.