House Republicans have officially unveiled their counter-proposal to President Biden’s 2022 budget and they say it will not only balance the federal budget in five years but also cut taxes by $1.9 trillion. The plan would slash a number of discretionary programs, reform federal programs, reduce regulations, and more which would ultimately balance the federal budget. The summary of the proposal by the Republican Study Committee (RSC) outlines the Republican’s counter to Biden’s plan.
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