Home news

News List

Browse Documents
by Date or Issue:
  • Getting America out of deep debt
    Posted in Commentary on December 12, 2011 | Preview rr
    Tags: Taxes, Economy / Financial

    For three straight years, the U.S. government has run trillion-dollar deficits. In total, the nation has recently surpassed $15 trillion in debt — a number that continues to rise. For nearly 1,000 days, the Democrat-led Senate has refused to write a budget while Washington continues to careen from one budget crisis to another. This is a stark reality for a nation already facing tremendous economic challenges, and it is the strongest argument and impetus for the series of budget-process reforms r... Read more

  • Middle Class Tax Relief and Job Creation Act of 2011
    Posted in HBC Publications on December 9, 2011 | Preview rr
    Tags: Taxes, Economy / Financial

    Budget Impact H.R. 3630 extends the payroll tax holiday, reforms and extends unemployment insurance benefits, and provides for a two-year extension of the Medicare “doc fix.” The bill is fully offset over a ten-year period based on Congressional Budget Office estimates. The table below shows the budgetary impact of the legislation. Read the CBO estimate of H.R. 3630 here. Read more

  • Repairing the Broken Budget Process
    Posted in Press Releases on December 7, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    WASHINGTON – This morning, Members of the House Budget Committee introduced a comprehensive package of ten legislative reforms designed to help repair the broken budget process. House Budget Committee Chairman Paul Ryan issued the following statement upon release of these reforms: “The federal budget process is broken. Washington stumbles from budget crisis to budget crisis, with little to no oversight of how government spends hardworking taxpayers’ money. The incentives currently favor those wh... Read more

  • Line-item veto would help slash wasteful spending
    Posted in Commentary on December 1, 2011 | Preview rr
    Tags: Taxes, Economy / Financial

    In Wisconsin, congressional leaders have a long tradition of putting partisanship aside to solve problems. In recent years, I’ve upheld this tradition by teaming with Janesville native and former Democratic Sen. Russ Feingold to advance legislation providing the president with a line-item veto to cut wasteful spending from the federal government’s bloated budget. It’s a straightforward concept that has received bipartisan support, and I was encouraged to introduce it again earlier this week with... Read more

  • Line-item veto would slow down Washington’s big spenders
    Posted in In Case You Missed It on November 30, 2011 | Preview rr
    Tags: Taxes, Economy / Financial

    Members of Congress, even with supercommittee powers, are incapable of cutting spending. With the public debt growing more and more out of control, something has to be done. So House Budget Committee Chairman Paul Ryan, Wisconsin Republican, joined his ranking member, Rep. Chris Van Hollen, Maryland Democrat, in reviving the idea of a line-item veto on Wednesday. Mr. Van Hollen explained in an interview with The Washington Times that this is an idea both political parties can support. “We obviou... Read more

  • Ryan & Van Hollen Advance Bipartisan Budget Reform Aimed At Deficit Reduction
    Posted in Press Releases on November 30, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    WASHINGTON – Earlier today, House Budget Committee Ranking Member Chris Van Hollen (D-MD) and House Budget Committee Chairman Paul Ryan (R-WI) introduced the Expedited Line-Item Veto and Rescissions Act of 2011, an act to help lawmakers target wasteful government spending to reduce the deficit and create a more conducive environment for job creation. The bipartisan initiative gives the President a tool to go after unjustified spending, while also protecting Congress’s constitutional authority t... Read more

  • Expedited Line-Item Veto and Rescissions Act of 2011
    Posted in Speeches and Statements on November 30, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Mr. Speaker, I rise today to introduce the "Expedited Line-Item Veto and Rescissions Act of 2011" along with my friend and colleague House Budget Committee Ranking Member Chris Van Hollen of Maryland. The fiscal and economic challenges facing our nation are immense. In addition to the alarming budget deficit and painful jobs deficit, Washington's failure to tackle these challenges fuels a growing credibility deficit. For years, policymakers - in both political parties - have failed to serve as r... Read more

  • Ryan Statement on Joint Committee’s Missed Opportunity
    Posted in Press Releases on November 21, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial , Defense

    WASHINGTON – House Budget Committee Chairman Paul Ryan of Wisconsin released the following statement with respect to the Joint Select Committee on Deficit Reduction: “I commend my colleagues for their efforts to find common ground in dealing with the drivers of our debt and advancing pro-growth reforms aimed to help create jobs. Despite their efforts, it is disappointing that the Joint Committee missed an opportunity to tackle our most pressing fiscal and economic challenges. Unfortunately, Demo... Read more

  • Inequality, Opportunity and The American Idea
    Posted in Commentary on November 17, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    The economic hardships brought about by the financial crisis and the weak recovery have reopened our longstanding national debate over the meaning of the proposition that we are all created equal. In the Founders' vision, the self-evident truth of this belief guaranteed all Americans equal rights to life, liberty, and the pursuit of happiness. To Abraham Lincoln, who led America at a time when this belief was most gravely threatened, it meant the equality of opportunity — "the promise that in du... Read more

  • A Deeper Look at Income Inequality
    Posted in HBC Publications on November 17, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    KEY POINTS: The question for policymakers is not how best to redistribute a shrinking economic pie. The focus ought to be on increasing living standards, expanding the pie of economic opportunity, and promoting upward mobility for all. Conventional wisdom on government’s role in inequality often has it backwards: tax reforms have resulted in a more progressive federal income tax; government transfer payments have become less progressive (due in large part to growing entitlement payments to wealt... Read more