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  • President Signs Vital Sequestration Transparency Act Into Law
    Posted in Press Releases on August 7, 2012 | Preview rr

    Washington – Earlier today, President Obama signed into law the Sequestration Transparency Act of 2012. The legislation, which had strong bipartisan support in both the House and the Senate, requires the President to detail how the administration plans to implement the budget sequestration cuts scheduled to take place on January 2, 2013. Upon the President’s signing of the legislation, House Budget Committee Chairman Paul Ryan issued the following statement: “The President’s signing of the Seque... Read more

  • Assessing President Obama's Fiscal Record
    Posted in HBC Publications on August 2, 2012 | Preview rr

    Early in his Administration, President Obama promised to cut the deficit in half. While he clearly did not keep that promise, he has gone on to assert that his budget achieves $4 trillion in deficit reduction, and recently he claimed, “Since I’ve been President, Federal spending has risen at the lowest pace in 60 years.” Many were left wondering how this could be possible with President Obama presiding over unprecedented trillion-dollar deficits for four consecutive years, adding over $5 trillio... Read more

  • Ryan: House Takes Step Toward Pro-Growth Tax Reform
    Posted in Press Releases on August 2, 2012 | Preview rr

    Washington – Today the U.S. House of Representatives advanced another pro-growth solution by passing The Pathway to Job Creation Through a Simpler, Fairer Tax Code Act. Following yesterday’s decisive vote to stop the President’s looming tax increases, today’s legislation provides for expedited consideration of tax reform legislation in 2013. After the vote, House Budget Committee Chairman Paul Ryan issued the following statement: “Yesterday, the House took action to prevent a massive tax increas... Read more

  • RYAN STATEMENT ON HOUSE VOTE TO PREVENT LOOMING TAX HIKES
    Posted in Press Releases on August 1, 2012 | Preview rr

    Washington – Earlier today, the U.S. House of Representatives passed legislation to prevent an across-the-board tax increase on families and job creators, set to take effect in January 2013. The legislation comes on the heels of analyses that the President’s proposed tax increases would adversely impact job creation and economic growth. Following a bipartisan House vote to prevent a massive tax increase, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement: “The ... Read more

  • #StopTheTaxHike
    Posted in Press Releases on July 27, 2012 | Preview rr
    Tags: Taxes

    WASHINGTON – Next week, the U.S. House of Representatives will vote to protect all American families and businesses from a massive tax hike in 2013. In advance of next week's vote, House Budget Committee Chairman Paul Ryan of Wisconsin released the following video, making the case for pro-growth tax reform to spur job creation. "We need to reform our tax code, cut our spending, and give families and businesses the certainty that they need to make good decisions so they can prosper and create job... Read more

  • Failed Economic and Fiscal Policies Lead to Another Trillion Dollar Deficit
    Posted in Press Releases on July 27, 2012 | Preview rr

    WASHINGTON – On a late Friday afternoon, the Office of Management and Budget released its Fiscal Year 2013 Midsession Budget Review. The report projects that the federal government will run a budget deficit in excess of one trillion dollars for the fourth consecutive year. Consistent with an alarming track record of missed budget deadlines and a refusal to adhere to budget laws, the Administration has not once met its legal obligation to provide this update by July 15 in the past four years. Tod... Read more

  • Ryan Statement on Senate Passage of the Sequestration Transparency Act
    Posted in Press Releases on July 25, 2012 | Preview rr
    Tags: Appropriations, Defense, Reconciliation

    WASHINGTON - Earlier today, the United States Senate passed the Sequestration Transparency Act of 2012. The legislation was passed by the House of Representatives earlier this month. The Sequestration Transparency Act requires President Obama to detail how the administration plans to implement the budget sequestration cuts scheduled to take place in January 2013 under current law. House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement: "Senate passage of the Seques... Read more

  • President's Health Care Law Remains A Fiscal Train Wreck
    Posted in Press Releases on July 24, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    Washington – Today, the Congressional Budget Office released its latest report on the cost and coverage estimates of the Affordable Care Act after last month’s Supreme Court decision. Upon the release of CBO’s report, House Budget Committee Chairman Paul Ryan of Wisconsin released the following statement: “The Congressional Budget Office reported today that the Affordable Care Act imposes a $1 trillion tax increase and continues to raid Medicare by over $700 billion to fuel a new $1.7 trillion o... Read more

  • Paul Ryan: Taxpayers and the Troops Deserve Answers from the President
    Posted in Press Releases on July 18, 2012 | Preview rr

    WASHINGTON – Today, the House of Representatives voted 414-2 to pass on a bipartisan basis H.R. 5872, the Sequestration Transparency Act of 2012. The Sequestration Transparency Act requires President Obama to detail how the administration plans to implement the budget sequestration cuts scheduled to take place in January 2013 under current law. The legislation recently passed the House Budget Committee on a bipartisan, unanimous vote. Upon passage of this bipartisan, common-sense legislation, Ho... Read more

  • Department of Defense Appropriations Bill
    Posted in Appropriations Updates on July 18, 2012 | Preview rr

    The Department of Defense Appropriations bill provides $519.22 billion in discretionary budget authority for the base operations of the Department and $88.48 billion for the conduct of the global war on terrorism. Additionally there is $514 million in appropriated entitlement spending for the CIA Retirement and Disability fund. The funding in the bill is slightly above FY 2012 base levels and one percent above the President’s request. The spending level in the bill does not exceed the 302(b) all... Read more