Mobile Menu - OpenMobile Menu - Closed

Westerman Says Proposed House Budget Creates "more than $5 trillion in savings"

March 17, 2015
Press Release
Balanced Budget Would Create Surplus By 2024


WASHINGTON – Congressman Bruce Westerman (R-Hot Springs) joined his colleagues on the House Committee on Budget Tuesday morning (March 17) to present a balanced budget that provides $5.5 trillion in savings over 10 years.

“The budget crafted by this committee does something the president’s proposed budget never could do – it balances,” Westerman said. “This budget not only balances, but it produces more than $5 trillion in savings over 10 years, creates a surplus by 2024, repeals Obamacare and creates a workforce requirement for recipients of federal income assistance programs. By taking my proposed workforce requirement legislation – H.R. 886 – and expanding it to all able-bodied, working age federal income assistance program recipients, taxpayers will save $600 billion over 10 years.”

The budget proposal presented by the Republican-led House Budget Committee also proposes spending $3 trillion on Medicaid over the next 10 years, but reshaping the program using State Flexibility Funds so individual states can craft their own programs using a combination of state and federal dollars and achieve savings without gutting Medicare, as the proposed Obama budget would do. The House Budget will create a sustainable, long-lasting program for seniors, the disabled and blind individuals, as well as children in need of assistance.

Click here to read more on the proposed budget from Chairman Tom Price of the House Committee on Budget (.pdf).