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  • 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

  • Chairman Price Opening Statement: An Introduction to Regulatory Budgeting
    Posted in Speeches and Statements on July 7, 2016 | Preview rr

    As prepared for delivery Yesterday’s hearing focused on a series of different potential alternative budgeting methodologies. Today, we are focusing on a specific area of interest – regulatory budgeting. This is an area apart from the different styles of budgeting that would directly affect how this committee would allocate discretionary and mandatory spending. However, there is a direct connection between the financial impact of regulations on our economy – on American innovators, individuals, a... Read more

  • Price Opening Statement: Alternate Approaches to Federal Budgeting
    Posted in Speeches and Statements on July 6, 2016 | Preview rr

    As Prepared for Delivery This committee has spent its past several hearings examining the failures of the current Congressional budget process and the need to overhaul the system and rewrite the rules under which we budget. We have focused attention on the core challenges we face and the fundamental goals we ought to have in attempting to improve the way Congress approaches its fiscal responsibilities. Today, we will begin to shift our attention to what sort of specific approach or approaches c... 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

  • Price Opening Statement: Making Budget Enforcement More Effective
    Posted in Speeches and Statements on June 22, 2016 | Preview rr

    As Prepared for Delivery Over the past several weeks, this committee has held hearings focused on different aspects of our effort to reform the Congressional budget process. Budget enforcement – the subject of today’s hearing – has been a part of the discussion from the very beginning. And the reason is obvious. A budget that is not enforced – is not effective. Moreover, the budget process Congress ultimately adopts will only be successful if Congress is willing to enforce the budgets it approve... 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

  • Price Opening Statement: The Need for Fiscal Goals
    Posted in Speeches and Statements on June 15, 2016 | Preview rr

    As Prepared for Delivery The focus of today’s hearing is on the need for Congress to establish fiscal goals to drive discipline and accountability in the budgeting process. In short, it is about building consensus. Policymakers and the public at large need to reach consensus on a standard or set of standards against which we will measure our level of fiscal responsibility. Without such consensus, we lack a sound foundation upon which to build an effective budget process. We will be destined to ... 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