‘I want a big, beautiful, fat wall’: GOP’s Paul Ryan speaks to Congress
The House Republican leadership has decided that it will push ahead with the House GOP’s budget plan, the second major legislation passed in the House this year to date.
The budget is set to pass the House on Thursday, and will be sent to President Donald Trump for his signature.
Republicans, including House Speaker Paul Ryan, have made the budget a centerpiece of their 2016 presidential campaign and the first major piece of legislation to emerge from the GOP’s fractious House caucus.
While the House’s budget has been largely seen as a political achievement by many members of Congress, many Democrats have taken issue with it and have been quick to criticize its overall spending and priorities.
The plan would slash spending on Medicare, Medicaid, food stamps and other social programs, while giving the White House an additional $4 trillion to spend.
Ryan said he will sign the budget, which he said would give Americans “a tax cut that will pay for itself.”
“The president has told us the American people want a tax cut, and they want it for themselves, not for other people,” Ryan said in a speech to the Conservative Political Action Conference on Friday.
“And we will deliver on that promise.
And we will have a tax plan that’s a trillion dollars less than the President’s.
And it will do so by raising the corporate tax rate to 17 percent, eliminating all tax deductions for individuals, and repealing Obamacare and replacing it with an American-first plan that will provide relief to middle class families, veterans and the sickest people in America.”
The budget also includes $200 billion for border security, $500 billion for infrastructure, $5 billion for the military, and $100 billion for Amtrak.
“I’ve always been an optimist, and I think this is a big win for America, for the American taxpayer, and for America’s economy,” Ryan told reporters at the Capitol on Friday morning.
“We’re gonna do the right thing.
We’re gonna invest in infrastructure, we’re gonna get people back to work, and we’re going to get the border secure.”
A bill to reform the federal debt is expected to be introduced next week.
The White House has said the budget plan will be a major factor in shaping Trump’s agenda in the coming months, and that Trump has been working on his own tax reform proposal.
The administration has said it is also looking at whether to include tax cuts for businesses, including the repatriation of money from foreign profits that were once taxed at the company’s corporate tax rates.
The president has previously criticized Ryan for not pursuing a budget that is bipartisan.
“The American people are not happy with what we’ve been doing,” Ryan has said.
“They want a balanced plan.
They want to see the budget that we’re working on.
And they want to know what the budget is going to look like in five years.
And this is the way to do it.”