The Center for a Free Economy believes that federal spending should come down in order to not exceed federal taxes collected. Higher taxes will result in a vicious cycle of higher spending and calls for more taxes. The only surefire way to balance the budget is to cut spending.
Read latest news about the Federal Budget
By Ryan Ellis This week, the U.S. Senate and then the U.S. House of Representatives will consider a budget resolution for FY 2017. It has no purpose whatsoever except to create a vehicle for the repeal of Obamacare. Congress should pass this budget resolution. It doesn't commit anyone to any policy choices at this point. All it does is create reconciliation instructions for the chambers to pass Obamacare repeal shortly after President Trump is inaugurated. This budget resolution has nothing to do with the actual budget, unlike any budget resolution in memory. All it does is create reconciliation instructions for the chambers to pass Obamacare repeal shortly after President Trump is inaugurated. It is not itself the reconciliation vehicle--rather, it's the womb that gives birth to reconciliation. All it does is create reconciliation instructions for the chambers to pass Obamacare repeal shortly after President Trump is inaugurated. To vote against this budget resolution is [...]
By Ryan Ellis Today, the U.S. House will take up H.R. 5485, FY 2017 "Financial Services and General Government Appropriations Act."Among other things, this is the appropriations bill which funds our friends at the IRS. From a limited government perspective, this bill is a big win for taxpayers. First and foremost, it cuts IRS spending down to $10.9 billion, $236 million below last year's approved level and $2.7 billion below the president's request. Basically, this backs out the one-time spending approved last year to fight identity theft and continues a hard budget freeze at the agency. Keeping spending at this level means that the IRS will have to prioritize their resources away from things like Obamacare implementation and harassing ordinary families and small businesses. The IRS will still have plenty of money to go after actual criminals and tax cheats, but hopefully not enough money for fishing expeditions elsewhere. There are [...]