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  • Price Statement on 2nd Quarter 2016 GDP Report
    Posted in Press Releases on July 29, 2016 | Preview rr

    WASHINGTON, D.C. – House Budget Committee Chairman Tom Price, M.D. (GA-06) issued the following statement in response to the GDP report released this morning that showed the economy grew by just 1.2 percent in the second quarter of 2016 – well below expectations. The first quarter estimate was also revised down to 0.8 percent from a previous estimate of 1.1 percent. “With over $19 trillion in debt, our nation cannot solve its fiscal challenges only through budget savings and program reforms. We ... Read more

  • Budget Chairmen: Dept. of Ed’s Rule Could Cost Taxpayers Billions
    Posted in Press Releases on July 15, 2016 | Preview rr

    WASHINGTON D.C. – Senate Budget Committee Chairman Mike Enzi (R-WY) and House Budget Committee Chairman Tom Price (R-GA) have asked the Department of Education for additional information concerning a new proposal by the department that could add as much as $41 billion to the cost of the federal student loan program over the next decade, according to an administration estimate. Read the full letter to the Department of Education here. Excerpts follow: “This is the latest in a series of administra... Read more

  • #RestoringTheTrust for America’s Seniors
    Posted in Press Releases on July 15, 2016 | Preview rr

    WASHINGTON, D.C. – Medicare and Social Security are going broke. That’s according to the Medicare and Social Security Trustees, as well as the Congressional Budget Office, who have repeatedly warned that these programs are fiscally unsustainable. But there is more to this story. As House Budget Committee Chairman Tom Price, M.D. (GA-06) put it during the Committee’s hearing this week on Restoring the Trust for Americans At or Near Retirement, “unfortunately, the financial well-being of the progr... Read more

  • Price Statement on Latest CBO Long-Term Outlook
    Posted in Press Releases on July 12, 2016 | Preview rr

    WASHINGTON, D.C. – House Budget Committee Chairman Tom Price, M.D. (GA-06) issued the following statement today after the Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook showing the national debt climbing to 141 percent of GDP by 2046, with real economic growth remaining at a depressed 2.1 percent on average over the next 30 years, and Medicare and Social Security facing insolvency. “One wonders how anyone can look at this report and not feel compelled to take acti... Read more

  • Price Statement on Tax Reform Task Force Report
    Posted in Press Releases on June 24, 2016 | Preview rr

    WASHINGTON, D.C. – House Budget Committee Chairman Tom Price, M.D. (GA-06) issued the following statement on the release of the House GOP’s Task Force on Tax Reform report: “Americans are spending too much of their time and too much of their money trying to make sense of the nation’s tax code. It is a burdensome mess holding back our economy, weakening our competitive edge in the world, and making it harder for individuals, families, and businesses to succeed. Thankfully, the Task Force on Tax R... Read more

  • Price Statement on Trustees Report
    Posted in Press Releases on June 23, 2016 | Preview rr

    WASHINGTON, D.C. – House Budget Committee Chairman Tom Price, M.D. (GA-06) issued the following statement in response to the latest Medicare and Social Security trustees reports. According to the Trustees, Medicare's hospital insurance trust fund is expected to be insolvent in 2028 – two years earlier than previously estimated. Social Security will exhaust its reserves in 2034 after which the program will be able to pay only about three-quarters of scheduled benefits. “The trustees have sent ano... Read more

  • A Better Way to Fix Health Care
    Posted in Press Releases on June 22, 2016 | Preview rr

    WASHINGTON—House Republicans today unveiled a plan to replace Obamacare. It is our vision for a Confident America in which every American has access to quality, affordable health care. This is the fifth plank of A Better Way, a bold agenda to tackle some of our country’s biggest challenges. Our plan—available now at better.gop—offers a better way to fix health care, including: More choices and lower costs. Our plan gives you more control and more choices so that you can pick the plan that meets... Read more

  • Price Statement on Constitutional Authority Task Force Report
    Posted in Press Releases on June 16, 2016 | Preview rr

    WASHINGTON, DC – House Budget Committee Chairman Tom Price, M.D. (GA-06) issued the following statement on the release of the House GOP’s Task Force on Restoring Constitutional Authority report: “The decline in respect for the balance of power our Founding Fathers envisioned has contributed greatly to the dysfunction in Washington and the growth in government intrusion into our daily lives. Nowhere is this more evident than the Obama Administration’s actions of the past eight years which have ex... Read more

  • "Built-In Growth" is "Crowding Out"
    Posted in Press Releases on June 15, 2016 | Preview rr

    During a House Budget Committee hearing today on “The Need for Fiscal Goals,” witnesses Douglas Holtz-Eakin and Maya MacGuineas delineated the challenges policymakers face when trying to tackle the nation’s long-term fiscal challenges. MacGuineas, president of the Committee for a Responsible Federal Budget, outlined the “built-in growth” in our nation’s finances that make even slowing such growth difficult: VIEW VIDEO “We have so much built-in growth in our budget, and that is where the bulk of ... Read more

  • Price Statement on Regulatory Task Force Report
    Posted in Press Releases on June 14, 2016 | Preview rr

    WASHINGTON, D.C. – House Budget Committee Chairman Tom Price, M.D. (GA-06) issued the following statement today after the House GOP’s Task Force on Reducing Regulatory Burdens issued its report: “At $1.9 trillion, the annual regulatory burden in this country is greater than the income tax burden and roughly equivalent to half of what the federal government spent last year. The regulatory regime in Washington effectively functions as a 4th branch of government, and the current administration has ... Read more