Published April 24, 2023
House Speaker Kevin McCarthy’s budget and debt-limit plan is full of good policies, but it is more of an opening offer for budget negotiations than something likely to become law. That means he and House Republicans still need a strategy that could yield a deal with a meaningful impact on government spending.
Here’s one option: Create a bipartisan budget commission that would develop a serious comprehensive plan — which Congress would be compelled to vote on.
McCarthy’s proposal is fine from a conservative perspective. It would significantly reduce domestic discretionary spending and limit its future growth. It includes no tax hikes and does not touch any of the major entitlement programs. If Republicans controlled the Senate and held the White House, it’s possible it might pass.
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Henry Olsen, a senior fellow at the Ethics and Public Policy Center, studies and provides commentary on American politics. His work focuses on how America’s political order is being upended by populist challenges, from the left and the right. He also studies populism’s impact in other democracies in the developed world.