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  • Paul Ryan: President's Health Care Law is Bad Policy and Must be Repealed
    Posted in Press Releases on July 11, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    WASHINGTON – Earlier today, the House of Representatives voted on a bipartisan basis to repeal the president’s health care law. Following the repeal vote, House Budget Committee Chairman Paul Ryan issued the following statement: “Despite the Supreme Court upholding much of the health care law, it is not its role to determine the policy merits of the law. That falls to the elected representatives of the people. For that reason, the House acted to repeal this misguided law to begin replacing it wi... Read more

  • Milwaukee Journal-Sentinel: Time to Stop and Smell the Government
    Posted in In Case You Missed It on July 10, 2012 | Preview rr
    Tags: Budget Process Reform

    By Christian Schneider One of the most common complaints about government is that it simply runs too slow. Partisan bickering and gridlock hold up helpful bills in Congress. Bureaucrats shuffle papers around, leaving permits and financial aid checks unfulfilled. By the time you reach the front of the line at the DMV, cars themselves will be deemed illegal by President Bieber. Yet for all the complaints about government's languid pace, there is something far worse: government that works too fast.... Read more

  • Ryan: The Case for Repeal and Replace Grows Stronger
    Posted in Press Releases on June 28, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    WASHINGTON – Earlier today, the Supreme Court of the United States delivered a disappointing ruling in Florida v. the United States Department of Health and Human Services, affirming that the federal mandate to purchase government-approved health insurance imposes a tax on the American people. In the response to today’s decision, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement: “The federal government is tasked with protecting our cherished liberties – not i... Read more

  • Transportation, Housing and Urban Development Appropriations Bill
    Posted in Appropriations Updates on June 27, 2012 | Preview rr
    Tags: Appropriations

    The Transportation, Housing and Urban Development bill provides $51.6 billion in discretionary budget authority for fiscal year 2013, a 7% decrease from 2012 levels and 3.5% below the President’s request. The legislation includes funding for the Department of Transportation, Department of Housing and Urban Development, and related agencies. The spending level in the bill does not exceed the 302(b) allocation for this bill adopted by the Appropriations Committee, which are in aggregate within the... Read more

  • House Budget Committee Mark Up: The Sequestration Transparency Act of 2012
    Posted in Speeches and Statements on June 27, 2012 | Preview rr
    Tags: Economy / Financial

    Welcome all to the House Budget Committee. We meet today to mark up the Sequestration Transparency Act of 2012, a bill to require the Office of Management and Budget to provide information on how it will implement across-the-board cuts that are scheduled to take effect on January 2, 2013. Under the Budget Control Act, the Office of Management and Budget will make arbitrary across-the-board spending cuts, resulting in a 10 percent cut to defense spending and an 8 percent cut to non-defense discre... Read more

  • America’s Defining Challenge: Will we leave the next generation with more opportunity?
    Posted in HBC Publications on June 8, 2012 | Preview rr
    Tags: Economy / Financial

    In March, CBO did an economic analysis of the House Republican budget – the Path to Prosperity (P2P). That analysis showed that the P2P would increase the economy’s total output (as measured by GNP), relative to the baseline scenario, by as much as 1 percent in 2030, 3 percent in 2040 and a full 6 percent in 2050. In contrast, CBO found that one version of the fiscal status quo – the so-called alternative fiscal scenario (AFS) in which current tax and spending policies are extended indefinitely... Read more

  • Legislative Branch Appropriations Bill
    Posted in Appropriations Updates on June 8, 2012 | Preview rr
    Tags: Appropriations

    The House Legislative Branch appropriations bill provides $3.3 billion in discretionary budget authority. By longstanding convention, the House bill includes only funding for legislative branch agencies (e.g. GAO, CBO, and the Library of Congress), joint congressional activities (e.g. the Joint Committee on Taxation and the Architect of the Capitol), and House accounts. The bill at this point, contains no funding for the Senate, which will be added by that body when it considers this legislation... Read more

  • The Facts on President Obama’s Budget Record
    Posted in HBC Publications on June 7, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Despite a promise to cut the deficit in half by the end of his first term, the President has run annual deficits in excess of $1 trillion for four years in a row. Since the President took office, annual government spending has increased by 25%, with the federal government spending $3.6 trillion this past year. As a share of the economy – Federal spending has averaged over 24% of gross domestic product – the highest level as a share of the economy since World War II. Actions taken by President O... Read more

  • Correcting Distortions and Myths on Tax Relief and Deficits
    Posted in HBC Publications on June 7, 2012 | Preview rr
    Tags: Taxes, Economy / Financial

    Fueled by the unsustainable growth in government spending, the federal government’s budget deficits have increased sharply in recent years, eclipsing the $1 trillion mark the past three years and are on track to do so for a fourth. Gross public debt has already surpassed the size of the entire U.S. economy, and the debt trajectory in the years ahead, if left uncorrected, will stifle economic growth and ensure a diminished future for generations to come. Some in Washington refuse to curb the gove... Read more

  • Homeland Security Appropriations Bill
    Posted in Appropriations Updates on June 6, 2012 | Preview rr
    Tags: Appropriations

    The proposed fiscal year 2013 Department of Homeland Security appropriations bill (H.R. 5855) provides $39.1 billion in discretionary budget authority [BA]. The BA figure is $485 million or 1.2 percent, below fiscal year 2012 enacted levels and $395 million or 1 percent below the President’s request. This bill also provides an additional $5.5 billion in funding designated for disaster relief, an amount equal to the President’s request, which boosts the total discretionary budget authority provid... Read more