House GOP To Put Forward 2022 Budget Plan, Suggests It Could Eliminate Deficit In 5 Years

House Republicans are expected to reveal their answer to Joe Biden’s massive 2022 budget proposal. Those representatives are confident their proposal, set to be announced Wednesday, will balance the federal budget in five years and cut taxes by nearly $2 trillion.

Rep. Jim Banks (R-Ind.), the head of the Republican Study Committee, said Democrats are “introducing socialism and radically expanding the role of government.” He pointed out that in just a short amount of time, the U.S. is already seeing the negative effects of their agenda on the economy.

Banks stated, “it’s time Republicans reclaim the mantle of fiscal responsibility and show voters an alternative vision for conservative governance.”