Press Releases

Rep. Loudermilk (R-GA) issued the following statement today after the House agreed to the Senate Amendment to H. Con. Res. 71, a concurrent resolution establishing the congressional budget for fiscal year 2018:
 
“Today, the House of Representatives today took a critical step in paving the way to achieve major tax reform. Although the Senate stripped key provisions from the 2018 budget the House previously passed, they kept in much of the overall framework to cut taxes for millions of hardworking Americans.

“While I am extremely disappointed with the Senate removing conservative provisions that required Congress to ensure that tax reform does not add to the deficit, reduce mandatory spending by at least $203 billion, and repeal Obama Care, I voted to move forward with this budget because Americans are counting on us reduce their taxes and simplify the tax-filing process. 

 “I believe that our best days are ahead of us and, by allowing Americans to keep more of their hard earned dollars, they will, in-turn, boost America’s economy. A strong and growing economy, coupled with serious government reforms that restore freedom and reduce the burden on America’s businesses, may once again resurrect the American dream for our children and grandchildren.”

The FY18 Budget,  H.Con.Res.71:

• Contains up to $640 billion in defense discretionary spending
  • A significant increase to give our military the equipment and training they need to do their jobs effectively
• Achieves $5.1 trillion in spending cuts over 10 years and produces a $79 billion surplus by Fiscal Year 2026
• Calls for increased accountability at the VA to ensure our veterans get the care they deserve
• Promotes job creation
• Provides for lowering tax rates on individuals and small businesses in future legislation
  • See the House GOP plan for tax relief HERE
• Helps reform and improve the sustainability of Medicare and Medicaid to preserve these programs for future generations
• Delivers significant resources for border security
• Balances in 10 years, and puts our country on track to pay down our current $20 trillion debt

 
“I have also introduced a Balanced Budget Amendment to the U.S. Constitution that would require a balanced budget in the 10^th fiscal year after ratification. My plan would fit within the time line of the FY18 budget.”

Learn more about Rep. Loudermilk’s Balanced Budget Amendment HERE.