The Republican Study Committee (RSC), a caucus of House conservatives, released a list of guidelines Tuesday for producing a budget they can get behind.
The outline called for the budget to balance within 10 years, a reduction in mandatory and discretionary spending, simplification of the tax code and reconciliation instruction while ensuring funding is available for national security purposes.
The RSC said the nation needs pro-growth policies to get the country back on track.
“In recent years, wages have stagnated, more and more people are leaving the labor force, and economic growth has been too anemic to support the American dream for families and individuals,” the outline reads. “The non-partisan Congressional Budget Office recently downgraded its projections for how the economy will perform over the next several years, specifically citing Obama administration polices as contributing to the problem.”
House Speaker Paul Ryan has called for Congress to return regular order to the congressional appropriations process.
During a closed-door meeting with the Republican conference, Ryan advocated for lawmakers to stick the spending levels agreed upon by former Speaker John Boehner and the president in October to avoid another continuing resolution or omnibus bill – saying it would be better to pass a budget that reflects their vision that still falls in line with the bill passed last fall.
Conservatives have been hesitant to agree due to spending increases in the bill, especially in the wake of the national debt surpassing the $19 trillion mark.
The House Committee on the Budget is expected to unveil its budget proposal later this month, which is slated to include several different deficit reduction options.
The RSC is expected to release its own budget blueprint around the same time.
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