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  • Good Intentions, A Scandal, and An Economics Free Zone
    Posted in Press Releases on September 22, 2016 | Preview rr

    WASHINGTON, D.C. – This week, the House Budget Committee held the fourth in a series of hearings focused on the Committee’s Restoring the Trust for All Generations initiative – an effort to raise awareness about the fiscal and policy challenges facing our nation’s health, retirement, and economic security programs. On Wednesday, the topic was Restoring the Trust for Families and Working-Age Americans – specifically how many of these automatic spending programs can have an adverse impact on famil... Read more

  • Unsustainable, Chaotic, and With No Room for Discretion
    Posted in Press Releases on September 16, 2016 | Preview rr

    WASHINGTON, D.C. – The House Budget Committee in a hearing Wednesday entitled “Growing Risks to the Budget and the Economy” examined our nation’s current troubling fiscal and economic outlook, what is contributing to a forecast of slow growth and mounting debt, and how policymakers might go about correcting course. The consensus among the witnesses was unanimous that the current trajectory of deficit spending and higher debt cannot go on forever. As Dr. Jared Bernstein, Senior Fellow at the Cent... Read more

  • Budget Committee Releases Working Paper on Regulatory Budgeting
    Posted in Press Releases on September 8, 2016 | Preview rr

    WASHINGTON, D.C. – Today, the House Budget Committee released its sixth 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 July 7th that examined how Congress can better measure, evaluate, and ultimately control the impacts of regulations by adopting a regulatory budget. The working paper focuses on eight main areas: The Proliferation of Rul... Read more

  • Budget Committee Releases Working Paper on Alternative Approaches to the Federal Budget
    Posted in Press Releases on August 30, 2016 | Preview rr

    WASHINGTON, D.C. – Today, the House Budget Committee released its fifth 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 July 6th that examined what sort of alternative budget approach or approaches could better serve the goal of fiscal responsibility and a more effective, efficient, and accountable government. The working paper focuses on... Read more

  • VIDEO: Chairman Price on Employer-Sponsored Insurance
    Posted in Press Releases on August 26, 2016 | Preview rr

    WASHINGTON, D.C. – Roughly sixty percent of Americans get their health insurance through their employer. This employer-sponsored insurance market currently enjoys an unlimited level of tax deductibility which incentivizes employers to spend more and more resources on health care coverage. This setup artificially distorts the broader health insurance market. As House Budget Committee Chairman Tom Price, M.D. (GA-06) describes it in today’s video release: “It increases the cost of health coverage ... Read more

  • VIDEO: Chairman Price on Innovation in Health Care
    Posted in Press Releases on August 24, 2016 | Preview rr

    WASHINGTON, D.C. – We all want an innovative health care system. Sadly, right now we have a system that is punishing the innovators – driving up their costs through taxation and regulation. As a result, it is that much harder for patients to have access to new drugs or treatments that would increase the quality of care in this country. To break down barriers, we need to choose a better way with policies that support the innovative spirit in this country. As House Budget Committee Chairman Tom Pr... Read more

  • VIDEO: Chairman Price on Medicaid
    Posted in Press Releases on August 23, 2016 | Preview rr

    WASHINGTON, D.C. – The Medicaid program was created to make sure that those in our communities who are less fortunate from an economic standpoint are able to have health coverage. The reality is that the current program is one where Washington is dictating to the states what they must do in providing care to their Medicaid populations. The result: Medicaid patients are discovering that having health coverage does not mean having access to actual health care as they struggle to find physicians ab... Read more

  • Budget Committee Releases Working Paper on Making Budget Enforcement More Effective
    Posted in Press Releases on August 23, 2016 | Preview rr

    WASHINGTON, D.C. – Today, the House Budget Committee released its fourth 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 22nd that examined how Congress can more effectively enforce the budget. The working paper focuses on four main themes: The Importance of Budget Enforcement Pre-1974 Federal Budgeting Basic Flaws in Current Practic... Read more

  • Price Statement on CBO’s Budget & Economic Outlook Update
    Posted in Press Releases on August 23, 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 An Update to the Budget and Economic Outlook: 2016 to 2026 showing rising annual deficits over the coming decade and lower economic growth than previously projected. CBO now projects a deficit of $590 billion, or 3.2 percent of GDP, in fiscal year 2016. This is $56 billion higher than the $534 billion deficit the agency projected in ... Read more

  • Price Statement on 20th Anniversary of 1996 Welfare Reforms
    Posted in Press Releases on August 22, 2016 | Preview rr

    WASHINGTON, D.C. – House Budget Committee Chairman Tom Price, M.D. (GA-06) issued the following statement today in recognition of the 20th anniversary of the signing of the 1996 welfare reforms: “The signing of welfare reform 20 years ago today was an impressive moment in our nation’s history. It enacted policies that have helped millions of Americans. It also showed that government could, in fact, learn from its mistakes and choose to pursue solutions that work over a status quo that was failin... Read more