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  • A Renewed Commitment to Opportunity for All
    December 4, 2012 - Thank you, Bob, for that kind introduction. And congratulations to Senator Rubio on receiving this well deserved honor. You’re joining an elite group of past recipients – so far, it’s just me and you. I’ll see you at the reunion dinner – table for two. Know any good diners in Iowa or New Hampshire? ... More
  • President Obama’s Record on Youth Employment
    October 18, 2012 - In the 2008 presidential election, President Obama received overwhelming support from young voters. The past four years has produced the following results and prospects for young Americans: Among 16 to 24-year-olds, the unemployment rate is 15.5%. After adjusting for the decline in the labor force p... More
  • The False Charge of a $5 trillion “tax cut” in the House Republican Budget
    October 3, 2012 - “You can go on their website, look at Congressman Ryan’s budget. The centerpiece of Governor Romney’s entire economic plan is a new $5 trillion tax cut, a lot of it going to folks like me, a lot of it going to the wealthiest Americans.” – President Barack Obama, August 18, 2012, Rochester, NH. Key P... More
  • Summary of OMB Sequester Transparency Act Report
    September 14, 2012 - On September 14, 2012, over a week after the statutory deadline, the Office of Management and Budget released a report detailing the impacts of the automatic sequester scheduled to take effect on January 2, 2013. The report provides details for the 897 accounts subject to sequester, a description of... More
  • The Arithmetic of the President’s $4 Trillion Deficit Reduction Claim
    September 7, 2012 - Despite claims that the President has a $4 trillion deficit reduction plan, the President’s own budget shows only a $2 trillion reduction in the deficit over 10 years, while the debt increases by $11 trillion. After removing gimmicks and using CBO data, the President’s budget shows only $577 billio... More
  • Paul Ryan: President's Health Care Law is Bad Policy and Must be Repealed
    July 11, 2012 - WASHINGTON – Earlier today, the House of Representatives voted on a bipartisan basis to repeal the president’s health care law. Following the repeal vote, House Budget Committee Chairman Paul Ryan issued the following statement: “Despite the Supreme Court upholding much of the health care law, it is... More
  • Ryan: The Case for Repeal and Replace Grows Stronger
    June 28, 2012 - WASHINGTON – Earlier today, the Supreme Court of the United States delivered a disappointing ruling in Florida v. the United States Department of Health and Human Services, affirming that the federal mandate to purchase government-approved health insurance imposes a tax on the American people. In th... More
  • House Budget Committee Mark Up: The Sequestration Transparency Act of 2012
    June 27, 2012 - Welcome all to the House Budget Committee. We meet today to mark up the Sequestration Transparency Act of 2012, a bill to require the Office of Management and Budget to provide information on how it will implement across-the-board cuts that are scheduled to take effect on January 2, 2013. Under the ... More
  • America’s Defining Challenge: Will we leave the next generation with more opportunity?
    June 8, 2012 - In March, CBO did an economic analysis of the House Republican budget – the Path to Prosperity (P2P). That analysis showed that the P2P would increase the economy’s total output (as measured by GNP), relative to the baseline scenario, by as much as 1 percent in 2030, 3 percent in 2040 and a full 6 ... More
  • The Facts on President Obama’s Budget Record
    June 7, 2012 - Despite a promise to cut the deficit in half by the end of his first term, the President has run annual deficits in excess of $1 trillion for four years in a row. Since the President took office, annual government spending has increased by 25%, with the federal government spending $3.6 trillion thi... More