Woodall, House Approve FY2018 Budget Advancing Tax Reform
Washington, D.C. – Today, the U.S. House of Representatives approved H.Con.Res 71 to establish the federal FY2018 budget, “Building a Better America,” and set forth discretionary spending levels that bring the budget to balance by 2027. The measure emphasizes spending reduction, government reform, returning decision-making authority to states and local communities, and pro-growth economic policies. Most notably, the reconciliation instructions call on all House authorizing committees to find a minimum of $203 billion in mandatory savings over the next 10 years and on the Ways and Means Committee to move forward with deficit neutral tax reform – a long-standing priority for U.S. Rep. Rob Woodall (GA 07) who supported the House-approved budget.
“Any budget, whether at the federal level or within our households, is a roadmap – a vision – for accomplishing our priorities,” said Rep. Woodall. “The ‘Building A Better America’ budget does that, but just as importantly, it sets the ball in motion to deliver on a promise made to the American people: a simpler, fairer tax code. Congress and the White House are unified in our vision for reducing the tax burden on American families, and empowering entrepreneurs and job-creators, but the process requires what we did today, and I’m excited about moving forward.”
By directing the appropriate authorizing committees to proceed under budget reconciliation rules, the unified tax reform framework offered by Congress and the White House is in fact significantly closer to becoming law. Woodall has long-advocated for tax reform in the form of H.R. 25, the FairTax, and says his support for the framework presented by Ways and Means Committee Chairman Kevin Brady and the White House is grounded in what he sees as the clear presence of shared FairTax principles: simplicity, fairness, and economic growth.
“It’s no secret I’m as big of a proponent for the FairTax that you’ll find, and what we see shaping up in committee is reflective of the impact FairTax proponents have had on the tax reform debate,” Woodall added. “I’m excited to be a part of the discussion and debate that’s coming, and ultimately will bring relief to American families.”
Congressman Woodall represents the Seventh Congressional District of Georgia, which includes the majority of Forsyth and Gwinnett counties, and currently serves as Chairman of the Rules Subcommittee on Legislative and Budget Process, as well as serving on the Transportation & Infrastructure Committee, and Budget Committee.