Washington– Thursday, the House of Representatives passed Building a Better America, the House Republicans’ budget proposal for FY18. Congressman Mike Conaway (TX-11), who also spoke on the House Floor in support of this legislation, released the following statement upon passage:
“As a legislator—but more importantly as a father and grandfather—I am seriously concerned about the mountain of debt our nation is passing on to our children and grandchildren. Today, the House of Representatives passed a budget for FY18 that prioritizes fiscal responsibility over frivolous spending. This budget achieves $6.5 trillion in total deficit reduction and balances within 10 years, allowing us to continue fulfilling the promises that we have made as a country to our seniors, most vulnerable, and servicemembers. Without changes to the increasing rate of government spending, we will not be able to keep these promises.
“This budget also lays the framework for pro-growth tax reform that will simplify our overly complex tax code and lower tax rates for hard working American families. Our plan makes the system fairer by eliminating special-interest loopholes that only the wealthiest can take advantage of, and doubling the standard deduction so that the first $24,000 a family makes is completely tax free.
“House Republicans have been working towards a balanced budget and tax reform for a long time, and we finally have a President in office who agrees that these changes will reignite our economy. It’s now up to the Senate to follow suit and send our plan to build a better America to the President’s desk.”