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.
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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 [...]