House Republicans reveal answer to Biden's budget, say it could eliminate deficit in 5 years
Fox News
House Republicans on Wednesday are unveiling their answer to President Biden's 2022 budget, putting forward a document that they say can balance the federal budget in five years while cutting taxes by $1.9 trillion.
These cuts, combined with reduced regulations, increases in the retirement age for Social Security and eligibility age for Medicare, among other things, the RSC says, would bring the United States to a balanced budget in five years. "The Democrats are introducing socialism and radically expanding the role of government, and in just a short amount of time, we’re already seeing the negative effects of their agenda on our economy. We're seeing a spike in the cost of living and slower than expected job growth. And this is just the beginning," Rep. Jim Banks, R-Ind., the RSC chairman, said in a statement. Budget Fy22 Final by Fox News
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