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  • House Budget Committee Approves Budget-Process-Reform Bills
    Posted in Press Releases on June 19, 2013 | Preview rr
    Tags: Economy / Financial , Budget Process Reform

    WASHINGTON—Today the House Budget Committee approved two budget-process-reform bills to help break the spending habit in Washington. They are H.R. 1874, the Pro-Growth Budgeting Act of 2013, introduced by House Budget Committee Vice Chairman Tom Price of Georgia, and H.R. 1871, the Baseline Reform Act of 2013, introduced by Congressman Rob Woodall of Georgia. Upon passage of the bills, Chairman Paul Ryan of Wisconsin issued the following statement: “There’s a bias toward spending money in Washin... Read more

  • House Budget Committee Markup: Budget-Process-Reform Bills
    Posted in Speeches and Statements on June 19, 2013 | Preview rr
    Tags: Economy / Financial , Budget Process Reform

    Welcome, everybody. I want to start by thanking the members of this committee—especially Vice Chairman Price and Congressman Woodall. They wrote the bills we’re considering today: the Baseline Reform Act and the Pro-Growth Budgeting Act. They may sound a little technical. But the idea behind them is pretty simple. There’s a bias toward spending money in Washington. It’s built into the very tools we use to write our laws. These bills would remove that bias. And they have my full support. Let’s t... Read more

  • Back in the Fray
    Posted in In Case You Missed It on June 18, 2013 | Preview rr
    Tags: Economy / Financial , FY 2014 House Budget

    It would be understandable if Paul Ryan didn’t want to stick his neck out just now. As the GOP vice-presidential nominee last year, Ryan spent four months on a whistle-stop tour of the country, shaking hands, answering questions, and speaking at campaign rallies, sometimes in multiple states on the same day. If the 43-year-old Wisconsin Republican lay low for the next year—ate regular meals, sat in a tree stand with an arrow nocked in his bow, savored a (however slight) downtick in denouncements... Read more

  • House Budget Committee Hearing: The Department of Defense and the Fiscal Year 2014 Budget
    Posted in Speeches and Statements on June 12, 2013 | Preview rr
    Tags: Defense, FY 2014 House Budget

    Welcome, everybody. I want to start by thanking our distinguished witnesses: Secretary Hagel, General Dempsey, and Secretary Hale. Each of you has served our country—both in the military and in government. And we thank you for your service. The first duty of government is to keep us safe. And to keep us safe, our strategy should drive our budget. But under this administration, the budget is driving the strategy. Last year, Secretary Panetta made a budget request he said was the minimum necessar... Read more

  • House Should Pass Appropriations Bills
    Posted in Commentary on June 11, 2013 | Preview rr

    This month, the House is writing appropriations bills for fiscal 2014. And it’s a crucial step. The budget resolution House Republicans passed in March outlined our vision for the country; it enunciated our principles. But these appropriations bills will put our principles into action. If we pass them, we’ll cut spending the right way. And we’ll reroute funding from yesterday’s priorities to today’s. The budget resolution is our overall spending plan. It says how much money the federal governmen... Read more

  • Homeland Security Appropriations Bill
    Posted in Appropriations Updates on June 5, 2013 | Preview rr
    Tags: Appropriations

    The proposed fiscal year 2014 Department of Homeland Security appropriations bill (H.R. 2217) provides $38.9 billion in discretionary budget authority [BA]. The BA figure is $1.01 billion or 3 percent, above fiscal year 2013 enacted post-sequester levels and $27 million below the President’s request. This bill also provides an additional $5.63 billion in funding designated for disaster relief, an amount equal to the President’s request, which boosts the total discretionary budget authority provi... Read more

  • Military Construction and Veterans Affairs Military Construction and Veterans Affairs Appropriations Bill
    Posted in Appropriations Updates on June 4, 2013 | Preview rr
    Tags: Appropriations

    The House Military Construction and Veterans Affairs appropriation bill provides $73.3 billion in discretionary budget authority which is a 3.4% increase over the post-sequester level of funding provided in FY 2013 and is slightly below the President’s FY 2014 requested level. The bill includes $11.01 billion for military construction projects, a 14.58% increase over FY 2013 post-sequester levels, and $62.1 billion in discretionary funding for the Department of Veterans Affairs which is a 1.79%... Read more

  • Ryan Talks Tax Reform and Oversight on CNBC
    Posted in In Case You Missed It on May 29, 2013 | Preview rr

    House Budget Committee Chairman Paul Ryan of Wisconsin co-hosted CNBC’s Squawk Box. He discussed the need for pro-growth tax reform and the importance of providing effective oversight of executive agencies. Excerpts of Ryan’s appearance follow. Watch the full interview here. Pro-growth policies to prevent austerity “What we're trying to do is preempt and prevent austerity. Austerity is ‘cut programs that current people live on—the safety net for seniors after they've retired in real time to resp... Read more

  • CBO Shows the President’s Budget Doesn’t Solve the Problem
    Posted in Press Releases on May 17, 2013 | Preview rr
    Tags: Economy / Financial , FY 2014 House Budget

    WASHINGTON—This afternoon, the Congressional Budget Office (CBO) released an analysis of the President’s fiscal year 2014 budget. CBO found that the President’s budget would add $115 billion more to the deficit in 2014 than if we just did nothing. The CBO estimates that the President’s budget increases taxes by $974 billion. As a result of spending $46.5 trillion over the next decade, the budget ends with a $542 billion deficit in FY2023. By contrast, the House-passed budget balances by 2023. H... Read more

  • CBO: Spending Is Still the Problem
    Posted in HBC Publications on May 14, 2013 | Preview rr
    Tags: Taxes, Reconciliation

    Moments ago, the Congressional Budget Office (CBO) provided a fresh reminder of Washington’s out-of-control spending. CBO updated its budget outlook with the following deficit and debt estimates: This year’s budget deficit = $642 billion FY2023 budget deficit = $895 billion Total deficits over the next decade = $6.34 trillion Gross federal debt in 2023 = $25.2 trillion What Drives the Debt? According to CBO’s outlook, revenue is projected to grow each and every year. In 2023, CBO predicts the fe... Read more