House Conservatives Offer Bold Proposal to Cut $2.5 Trillion in Federal Spending
Tina Korbe /
House conservatives are holding firm on their promise to cut federal spending. Speaking this morning at Heritage, Rep. Jim Jordan (R-Ohio) outlined $2.5 trillion worth of cuts between now and 2021 — a bold proposal called the Spending Reduction Act (SRA).
Jordan, who serves as chairman of the Republican Study Committee, said the SRA would immediately return spending to 2008 levels and eventually cut non-defense discretionary spending to 2006 levels, as well as implement a hard freeze through 2021.
“I have never seen the American people more ready for the tough-love measures needed to put our country back on a sustainable path,” Jordan said. “The question today is: Will the political class rise to the standard the American people have set the last year and a half? … I think the answer is yes.”