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FY 2015 House Budget

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  • President Obama’s Tax-Hike Hypocrisy
    Posted in HBC Publications on April 8, 2014 | Preview rr
    Tags: FY 2015 House Budget

    In Brief: President Obama proposed a $1.8 trillion tax increase on hardworking families. House Republicans proposed revenue-neutral tax reform to create jobs. President Obama invents phony statistics to mask his tax-hike hypocrisy. __________________________ The President claims the House Republican budget hands out “massive tax cuts to households making more than $1 million a year.” But that’s simply not true. This budget calls for revenue-neutral tax reform that both broadens the tax base and ... Read more

  • Responsible Spending Restraint and Reform
    Posted in HBC Publications on April 7, 2014 | Preview rr
    Tags: FY 2015 House Budget

    In Brief A smaller increase is not a spending cut. Under this budget, spending will grow, on average, by 3.5 percent a year over the next decade—on the current path, it will grow by 5.2 percent. This budget spends $3.5 trillion on Medicaid over the next ten years. We increase spending every year from fiscal year 2016 onward. This budget spends $600 billion on food stamps over the next decade. And it does not convert SNAP into a block grant until 2019, when the economy will have recovered. This b... Read more

  • National Security: A Contrast in Commitment
    Posted in HBC Publications on April 1, 2014 | Preview rr
    Tags: FY 2015 House Budget

    The first job of the federal government is securing the safety and liberty of its citizens from threats at home and abroad. Whether defeating the terrorists who attacked this country on September 11, 2001, deterring the proliferation of weapons of mass destruction, or battling insurgents who would harbor terrorist networks that threaten Americans’ lives and livelihoods, the men and women of the United States military have performed superbly. The House Republican budget provides for the best equi... Read more

  • House Republicans’ Commitment to Oversight and Accountability
    Posted in HBC Publications on April 1, 2014 | Preview rr
    Tags: FY 2015 House Budget

    This budget makes a renewed effort to reduce waste, fraud, and abuse throughout the federal government. It calls upon the President and Congress to work together to enhance oversight and increase transparency. And with any additional savings, Congress can reinvest in essential federal services and help pay down the national debt. Addressing improper payments. According to U.S. Comptroller General Gene L. Dodaro, there were approximately $106 billion in government-wide improper payments in fiscal... Read more

  • The Threat to National Security
    Posted in HBC Publications on April 1, 2014 | Preview rr
    Tags: FY 2015 House Budget

    Defense Spending Is Shrinking as a Share of the Federal Budget In 1962,[1] defense spending was roughly 50 percent of the federal budget. Today, defense spending is just 18 percent. And on our current path, CBO estimates defense will eventually fall below 10 percent. Non-Defense Spending Is Growing Non-defense spending, on the other hand, now consumes 75 percent of every federal dollar. And the bulk of that spending is now classified as “mandatory.” Social Security, Medicare, and Medicaid have ... Read more