Republican Study Committee unveils FY 24 Budget: Protecting America’s Economic Security

WASHINGTON, DC – Republican Study Committee Chairman Kevin Hern (OK-01) and RSC’s Budget and Spending Task Force Chairman Ben Cline (VA-06) unveiled the RSC’s Fiscal Year 2023 Budget proposal today, titled “Protecting America’s Economic Security”.

The RSC Budget is a thorough plan to address our federal spending problem and start paying down our debts. The FY ’24 budget balances in seven years, cuts spending by $16.3 Trillion over 10 years, and reduces taxes by $5.1 Trillion over 10 years.

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Nan Swift, Fellow, R Street Institute: “The R Street Institute is pleased that once again the Republican Study Committee (RSC) has published a robust budget proposal full of many strong recommendations that would reduce the costly burden of government through regulatory and spending reforms and restore authority to the legislative branch. Congress would be wise to take up proposals that would limit executive branch emergency powers, improve accountability, and reform the budget process. Certain improvements to federal agriculture policy are likewise timely and would achieve much-needed savings while reducing some of the market-distortions these policies—from commodity subsidies to the federal sugar program—impose.

Whether requiring congressional approval for actions taken by the Commodity Credit Corporation or cracking down on unauthorized appropriations, enacting legislation that would reestablish Congress’ power of the purse and increase oversight, particularly where those recommendations enjoy bipartisan support, should be prioritized.”

Shoshana Weissmann, Fellow, R Street Institute: “The R Street Institute is encouraged that the Republican Study Committee has continued to make occupational licensing reform a priority. Overly-burdensome licensing contributes to underemployment, reduces options for consumers, and hinders the ability of people to achieve the American Dream.”