TPA Endorses Republican Study Committee Budget

For Immediate Release                                            Contact: Abigail Graham: (202) 417-7235

June 14, 2023                                                              

WASHINGTON, D.C. – Today, the Republican Study Committee (RSC) released its annual budget for fiscal year (FY) 2024. The Taxpayers Protection Alliance (TPA) is pleased to endorse the RSC’s budget proposal which not only balances the budget, but also provides commonsense ideas to rein in the weaponization of the administrative state, establish American energy independence, implements tax cuts, and much more fiscal sanity.

In response, TPA President, David Williams, provided the following comments:

“The RSC’s budget for FY24 offers a real look into Washington’s out of control spending and offers commonsense solutions to eliminate record-breaking deficits.

“TPA has long advocated on behalf of taxpayers and consumers to make provisions in the Tax Cuts and Jobs Act permanent. Not only does this proposal include just that, but also implements additional pro-growth tax cuts which stimulate the economy and create thousands of jobs. This will re-energize the American economy.

“Americans have experienced the financial strain over the last few years as the U.S. transitioned from energy independence to foreign energy dependence. This budget would adopt H.R. 1, the Lower Energy Costs Act, to help bring down costs by $795 per household annually and lower budget deficits by $369 billion. Additionally, it would end the Biden administration’s green energy subsidies, which have been implemented at the expense of taxpayers.

“For many years, the alarming weaponization of government has become increasingly apparent, especially when it comes to the Internal Revenue Service (IRS). By clawing back the $87 billion that was awarded to the IRS in the so-called Inflation Reduction Act, the IRS won’t be able to target low and middle-income Americans with increased audits or spy on their transactions through third party payment applications.

“This budget puts American taxpayers and their pocketbooks first, providing a way forward for economic stability during uncertain times.”

###

Taxpayers Protection Alliance (TPA) is a non-profit, non-partisan organization dedicated to educating the public through the research, analysis and dissemination of information on the government’s effects on the economy.