Tags: Ryan | budget | Club | Growth

Club for Growth Rejects Rep. Ryan’s Budget Plan

Wednesday, 21 Mar 2012 03:38 PM

By Dan Weil

The conservative Club for Growth said Wednesday it opposed the House Republican budget plan authored by Budget Committee Chairman Paul Ryan.

The Club rejected the fiscal 2013 plan, saying it did not balance the budget fast enough and because it overturned the automatic spending cuts activated by last year’s failure of the supercommittee on deficit reduction, The Hill reports. The Ryan plan doesn’t balance the budget until 2040. But conservatives want to do it in 10 years without tax increases, which could require a doubling of spending cuts.

Some tea partyers in the House feel the same way as the Club for Growth, and the Club’s stance could encourage opponents of the 2013 budget to hold their ground on the House floor, according to The Hill.

“Despite containing several important reforms and pro-growth policies, the Ryan budget falls short in two critical respects,” Club for Growth President Chris Chocola told The Hill. “First, it does not balance for decades. Secondly, it violates the Budget Control Act by waiving the sequester [automatic spending cuts].”

The Ryan plan would restore $78 billion of the $97 billion in automatic cuts slated for next year, instead urging six House committees to come up with $261 billion in spending reductions over the next decade.


© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Glassdoor: 25 Best Jobs in America for 2015 Topped by Tech, Healthcare

Wednesday, 28 Jan 2015 20:19 PM

Glassdoor has released its inaugural report 25 Best Jobs in America for 2015, and jobs in technology, healthcare, and pr . . .

Ludacris Custody Battle: Rapper Wins Full Custody of 13-Month-Old Cai

Wednesday, 28 Jan 2015 19:37 PM

In a custody battle for his daughter, rapper and actor Ludacris, whose real name is Chris Bridges, has been granted full . . .

Easter Island Mystery Solved? Research Suggests Cause of Demise

Wednesday, 28 Jan 2015 19:13 PM

New research is shedding light on the Easter Island mystery concerning what caused the downfall of the natives of the is . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved