Republican Study Committee Unveils Budget Proposal

House conservatives will unveil a budget proposal today that vows to balance the budget in just five years without raising taxes — as opposed to nearly three decades in Budget Chairman Paul Ryan’s (R-Wis.) “Path to Prosperity” released last week.

“We feel it’s important to have this budget out there for members to see and for the public to see what really needs to be done,” Republican Study Committee Chairman Rep. Jim Jordan (R-Ohio) told reporters in a preview on Monday.

The proposal, “Cut, Cap, and Balance: A Budget for Fiscal Year 2013,” sets FY 2013 discretionary spending at $931 billion and freezes it until the budget balances in 2017.

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