This week, the House agreed to the Senate-amended version of the budget framework we passed last month. I supported this critical step toward funding border security, restoring our national defense, slowing the rate of spending growth, and preventing a massive tax increase on Kansas families and small businesses.
We have to face the facts: an enormous debt crisis fueled by unchecked spending threatens America’s future. Washington’s usual approach of overspending and kicking the can down the road isn’t sustainable. Thanks to decades of fiscal irresponsibility, we now must make hard decisions.
One of the most important aspects of passing the budget framework is allowing the movement toward the extension of President Trump’s 2017 tax relief, which will expire at the end of the year without Congressional action. If this relief expires, it will represent the largest tax increase on middle-class Americans in history. In fact, if Congress doesn’t extend these provisions:
- The average Kansas family’s federal tax bill will increase by $2,228;
- Kansas could lose up to 6,761 jobs, and;
- the average Kansas business’ taxes will increase by $988.
Extending this tax relief for families and small businesses is critically important, especially after four years of Bidenflation.
This budget certainly didn’t have all the spending restraint our country needs, but it’s a step in the right direction; we’re beginning to slowly turn the Titanic. Our financial situation is in a place where this budget resolution – which mandates billions of dollars of spending reductions – doesn’t even put us in the negative spending category. It simply slows the rate of federal spending growth while strengthening critical programs Kansans rely on.
Make no mistake though; our work is just beginning.