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  • VIDEO: Chairman Price on the Cost Drivers in Health Care
    Posted in Press Releases on August 17, 2016 | Preview rr

    WASHINGTON, D.C. – For many Americans – individuals, families, and job creators – the high cost of health care is a serious financial burden. It is also a key contributor to the federal government’s rising debt. To address this challenge, it is important to first understand what is driving the cost of health care in America. In a video released today, House Budget Committee Chairman Tom Price, M.D. (GA-06) outlines the three biggest cost drivers in health care – taxation, regulation, and litigat... Read more

  • Budget Committee Releases Working Paper on the Need for Fiscal Goals
    Posted in Press Releases on August 16, 2016 | Preview rr

    WASHINGTON, D.C. – Today, the House Budget Committee released its third in a series of working papers focused on the Committee’s effort to overhaul the Congressional Budget Act of 1974 and reform the congressional budget process. The paper follows a hearing the Committee held on June 15th that examined the need for fiscal goals or targets to build consensus and drive discipline and accountability in the budgeting process The working paper focuses on six main themes: The Balanced Budget Principle... Read more

  • VIDEO: Chairman Price on the Principles of Health Care
    Posted in Press Releases on August 16, 2016 | Preview rr

    WASHINGTON, D.C. – Earlier this summer House Republicans unveiled A Better Way – a bold policy agenda to address the nation’s biggest challenges. Today, House Budget Committee Chairman Tom Price, M.D. (GA-06) released the first in a series of videos focused on the Better Way plan to get rid of Obamacare and advance patient-centered health care solutions. We begin with the principles of health care: Accessibility Affordability Quality Innovation Choices As Chairman Price notes, each of these prin... Read more

  • Working Paper on the Need for Fiscal Goals
    Posted in HBC Publications on August 16, 2016 | Preview rr

    When policymakers and the public have an understanding of the broad guidelines of government’s fiscal policy, it naturally leads to incremental budgetary targets that discipline spending and taxation. For much of America’s early history, the standard was the balanced budget. Since that principle was abandoned, no other norm emerged to take its place, and fiscal policy has been adrift. An alternative to the balanced budget standard is “fiscal sustainability” – but its definition is elusive. It ma... Read more

  • Budget Committee Releases Working Paper on the Need to Control Automatic Spending and Unauthorized Programs
    Posted in Press Releases on August 9, 2016 | Preview rr

    WASHINGTON, D.C. – Today, the House Budget Committee released its second in a series of working papers focused on the Committee’s effort to overhaul the Congressional Budget Act of 1974 and reform the congressional budget process. The paper follows a hearing the Committee held on June 9th that examined how Congress must gain control of the government’s automatic spending – currently two-thirds of the Federal budget – and account for unauthorized programs – which in fiscal year 2016 are estimated... Read more

  • Working Paper on the Need to Control Automatic Spending and Unauthorized Programs
    Posted in HBC Publications on August 9, 2016 | Preview rr

    The prevalence of automatic spending in the Federal budget threatens to overwhelm fiscal policy and the economy. More than two-thirds of Federal spending (including interest payments) runs on effectively permanent authorizations, and Congress sets no limits on the totals. This form of spending, mostly for the government’s entitlement programs, is the sole cause of spending growth as a share of the economy, and the main contributor to the government’s mounting debt – which has reached its highest... Read more

  • Budget Committee Releases Working Paper on Reclaiming Constitutional Authority Through the “Power of the Purse”
    Posted in Press Releases on August 2, 2016 | Preview rr

    WASHINGTON, D.C. – Today, the House Budget Committee released its first in a series of working papers focused on the Committee’s effort to overhaul the Congressional Budget Act of 1974 and reform the congressional budget process. The paper follows a hearing the Committee held on May 25th that examined how Congress has ceded too much of its authority over spending to the Executive Branch and how this trend should be reversed in order to restore the Legislative Branch’s “power of the purse” as def... Read more

  • Working Paper on Reclaiming Constitutional Authority Through the “Power of the Purse”
    Posted in HBC Publications on August 2, 2016 | Preview rr

    Choosing priorities and allocating financial resources is the most straight-forward way for a legislature to shape governing policies. Moreover, a government’s budgeting system is central to determining the kind of governing system a country has. Hence, a vigorous practice of budgeting is fundamental to Congress’s policymaking authority under Article I of the Constitution. The United States’ Federal Government is not a parliamentary system. To the extent Congress cedes control of the budget, the... Read more

  • 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