RSC: Budget Must Balance Within Ten Years Without Tax Increases, Save Social Security and Medicare

WASHINGTON – The Republican Study Committee (RSC) took an official position today calling for balancing the federal budget within ten years without tax increases and for the purpose of saving important programs like Social Security and Medicare.

"Recent projections from CBO and GAO paint a dismal future. Without changes to the federal budget, we are on a path to fiscal crisis with spending, deficits and debt continuing to balloon out of control. We cannot in good conscience neglect this stunning reality and pass on these heavy burdens to our children, grandchildren and future generations," said RSC Chairman Mark Walker (R-N.C.). "We have an obligation to honor our pledge to get America's fiscal house in order. In keeping with that promise, the RSC Steering Committee unanimously adopted an official position that the fiscal year 2018 budget resolution must balance within ten years without tax increases to save programs like Social Security and Medicare. We look forward to passing a responsible, balanced budget and working with the administration to restore fiscal sanity to Washington."

The Republican Study Committee's Steering Committee adopted the following official position:

"The FY18 Budget Resolution must reach balance within the ten-year window by reducing the size and scope of government and without tax increases, and remain in balance thereafter in order to save important programs like Social Security and Medicare. Further, House Committees should take steps to produce legislation to implement that budget within the 115th Congress."

The RSC Chairman takes an official position on an issue when RSC Steering Committee members, the RSC's governing board, recommends it by a two-thirds majority vote.

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