ICYMI
Via Peter G. Peterson Foundation: Growing National Debt Sets Off Alarm Bells for U.S. Business Leaders
Over the past four years, President Biden and Vice President Harris have flooded our once-flourishing economy with federal tax subsidies and burdensome small business regulations. The cost of goods and services has risen 21 percent under their failed economic policies. The Peter G. Peterson Foundation, a nonpartisan organization addressing America’s long-term fiscal challenges, recently released a piece noting that over 1,200 C-suite executives agree that our $36 trillion in national debt … Continue Reading
January 09, 2025
Via Reason: Biden's Infrastructure Bills Leave a Legacy of Big Spending and Little Payoff
Over the past four years, President Biden has flooded our economy with federal tax subsidies for green energy corporations and overloaded small businesses with overregulation. The Biden-Harris Green New Deal agenda has been stymied by its own party's bureaucratic red tape, yet taxpayers are still footing the bill for hundreds of billions in green tax subsidies with nothing to show for it. Joe Lancaster with Reason News wrote in a recent piece that while the Biden-Harris Administration entered … Continue Reading
January 07, 2025
Via Bloomberg: US Yields Hit 14-Month High Before $119 Billion of Debt Sales
The Biden-Harris inflationary firestorm continues to weigh on the U.S. economic standing with yields on U.S. 30-year bonds climbing to their highest level since late 2023, as government debt remains on an upward trajectory. Alice Gledhill with Bloomberg wrote in a recent piece highlighting the reality that markets continue to worry about the country’s economic outlook. Since early December 2024, demand sensitivity has driven up the 10-year bond yield by 50 basis points, adding more pressure … Continue Reading
December 20, 2024
House Budget Committee Commissions First-Ever CBO Report on Artificial Intelligence
Today, the Congressional Budget Office (CBO) released its first-ever report on artificial intelligence (AI) commissioned by the House Budget Committee. This report entitled “Artificial Intelligence and Its Potential Effects on the Economy and the Federal Budget” sheds light on the real economic impacts of AI technology, providing critical insights into its economic benefits and challenges. CBO’s qualitative analysis considers the effects, both negative and positive, that AI might create in … Continue Reading
December 06, 2024
DOGE Days are Here: Sen. Ernst Highlights That It’s Time to Get Washington Back to Work
Last week, Senator Joni Ernst (R-IA), the head of the newly formed Senate Department of Government Efficiency (DOGE) caucus, unveiled a list of cost-saving options for the federal government totaling more than $2 trillion in savings. In a November 25th letter to DOGE co-directors Elon Musk and Vivek Ramaswamy, Ernst identified 22 areas of the government fraught with waste, fraud, and abuse, outlining broad actions to address these issues. Her letter highlights an area ripe for DOGE … Continue Reading
December 04, 2024
Via the Wall Street Journal: The Economy Is Still Inflated
President Biden and Vice President Harris have created an inflationary firestorm, with families spending nearly $18,000 more annually just to maintain the same standard of living they enjoyed before this Administration. In a recent Op-Ed for the Wall Street Journal, Dr. Mickey D. Levy, visiting fellow at the Hoover Institution, and Dr. Michael D. Bordo, economics professor at Rutgers University, lay out the economic reality that Americans are facing at home and the unsustainable nature of … Continue Reading
November 27, 2024
Chairman Arrington Statement on Russ Vought Pick for Trump’s Budget Office
Last week, President Trump announced his nominee for the Office of Management and Budget Russ Vought, a former Trump Administration alum and unapologetic fiscal conservative devoted to cutting wasteful government spending. Paul Krawzak with Roll Call wrote in a recent release highlighting Russ Vought’s previous work that aimed to achieve less government regulation, incentives for businesses, and pro-growth policies. Chairman Arrington Statement: House Budget Committee Chairman Arrington … Continue Reading
November 20, 2024
Via the Washington Reporter: “Be Present and Engage”: House GOP Chairwoman Lisa McClain on How Republicans Can Build on 2024’s Successes
Last week, House Budget Committee member Lisa McClain (R-MI) was elected to serve as House Republican Conference Chairwoman for the 119th Congress, leading the charge to return to an ‘America First’ agenda. Voters gave President Trump and Congressional Republicans a mandate to govern. America is now back on a path to fiscal sustainability set forth by our leadership. As James Madison once said, “A public debt is a public curse.” Matthew Foldi with the Washington Reporter wrote in a recent … Continue Reading
November 20, 2024
Via National Taxpayers Union: NTU’s 14th Annual “No Brainers” List: 2024's Top Bipartisan Bills for Taxpayers
This Congress, the House Budget Committee has passed 17 budget process reform bills out of committee. Today, Nicholas Johns with the National Taxpayers Union published a piece highlighting the top 10 “no brainers” list of bipartisan legislative reforms that Congress would be remiss not to pass. The House Budget Committee had four bills on the list that bring sensible, forward-thinking reforms to the federal government’s broken system. Word on the Street: Nicholas Johns, Via the National … Continue Reading
November 18, 2024
Via Fox News Digital: What Is Reconciliation, the Tool Republicans Want to Use to ‘Push the Outer Limits’ on Federal Policy?
Following the 2024 election, Republicans are poised to control the House, the Senate, and the Presidency. That has driven interest in the budget reconciliation process. Today, Fox News published an article explaining the budget reconciliation process and highlighting House Republicans’ reconciliation plans for the 119th Congress. Read more to learn about the budget reconciliation process and House Republicans’ priorities. Word on the Street: Elizabeth Elkind, Via Fox News Digital: “GOP … Continue Reading
November 18, 2024
Via the New York Post: With DOGE, Trump Can Seize His Cost-Cutting Mandate — But It’ll Take Courage
Last week, President-elect Donald Trump appointed business leaders Elon Musk and Vivek Ramaswamy to lead the newly established Department of Government Efficiency (DOGE), where they will be tasked with working to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.” In a recent New York Post op-ed, John Hart, CEO of Open the Books, notes that reining-in wasteful government spending is paramount to returning the United States … Continue Reading
November 15, 2024
Via The Hill: What a Trump-Musk Government Efficiency Department Should Do in Its First 100 Days
President Trump announced that Elon Musk and Vivek Ramaswamy will co-lead the Department of Government Efficiency (DOGE) aimed at exposing fraudulent and wasteful spending across federal agencies. Last year alone, the federal government sent a whopping $236 billion in improper payments to individuals or entities that, according to the Government Accountability Office, were ineligible to receive such payments. Earlier this week, Dan Lips, head of policy at the Foundation for American … Continue Reading
October 23, 2024
Via Robert Bryce: Electrifying Everything Means Higher Energy Costs For Consumers. These DOE Numbers Prove It (Again)
For nearly four years, the Biden-Harris Administration has put forth failed economic and energy policies, bringing dire consequences to working families across the United States. Activists like Stacey Abrams continue to maintain that electrification will “bring benefits to environmental justice communities.” However, Robert Bryce, a former Senior Fellow at the Manhattan Institute and energy policy expert, notes that the push to “electrify everything” has burdened Americans with higher energy … Continue Reading
October 22, 2024
Via Townhall: So, This Is Where Taxpayer Dollars Are Going
Last month, Chairman Jodey Arrington (R-TX) asked the Congressional Budget Office (CBO) to analyze the cost to taxpayers of Vice President Kamala Harris’s open border agenda on the Medicaid program. CBO’s conclusion: between 2021 and 2023, the Biden-Harris Administration’s open border agenda provided taxpayer-funded emergency Medicaid services to illegal aliens, costing federal and state taxpayers more than $16.2 billion. This is a staggering increase of 124 percent compared to the same period … Continue Reading
October 11, 2024
Via The Washington Examiner: Trump-Musk Government Efficiency Commission Idea Draws Capitol Hill Interest
On September 5th, 2024, following President Trump’s announcement that, should he win, he will establish a government efficiency commission, House Budget Committee Chairman Jodey C. Arrington (R-TX), became the first sitting Member of Congress to publicly endorse President Trump’s proposed commission. Today, Zach Halaschak, an economics reporter at The Washington Examiner, published an article highlighting Chairman Arrington’s support for President Trump’s proposal to conduct a complete … Continue Reading
October 07, 2024
Via the Washington Examiner: Fixing Our Federal Budget with Accountability and Accuracy
Throughout the 118th Congress, the House Budget Committee has worked tirelessly to reinstate transparency, accountability, and oversight of the federal government's broken budget process. Congressman Rudy Yakym (R-IN), who chairs the House Budget Committee’s Budget Process Reform Task Force, published an Op-Ed in the Washington Examiner about the Budget Committee’s efforts to exercise oversight of the Congressional Budget Office (CBO), reduce unnecessary federal spending, and restore fiscal … Continue Reading
October 02, 2024
Via Energy Talking Points by Alex Epstein: 12 Myths That Government-Dictated Green Energy is Cheaper Than Fossil Fuels
Recently, Alex Epstein released a blog post in advance of the House Budget Committee hearing on the Cost of the Biden-Harris Energy Crisis. The article, titled “12 Myths that Government-Dictated Green Energy is Cheaper than Fossil Fuels,” debunks misleading and inaccurate claims that green energy is beneficial to taxpayers. Green energy policies restrict the use of cost-effective fossil fuels while lavishing substantial subsidies on renewable energy. These policies, which the Biden-Harris … Continue Reading
September 27, 2024
Via The Daily Caller: Biden-Harris Admin On Track To Oversee Massive $1 Trillion In Improper Payments, Watchdog Group Finds
The federal government spends hundreds of billions of dollars on improper payments every year, all at the expense of the American taxpayer. Last year, the federal government sent a whopping $236 billion to individuals or entities that, according to the Government Accountability Office, were ineligible to receive such payments. This brings cumulative improper payment estimates since reporting began in 2003 to $2.7 trillion. Yesterday, Robert Schmad published a piece in The Daily Caller … Continue Reading
September 20, 2024
Via The Washington Examiner: Believe It or Not, the House Budget Committee Is Getting Things Done
Last week, Kevin Kosar, a senior fellow at the American Enterprise Institute, published an article in The Washington Examiner highlighting the recent work the House Budget Committee has done to improve the way Congress budgets, as well as its bipartisan efforts to increase accuracy, timeliness, and accountability from the CBO. Throughout the 118th Congress, the House Budget Committee has worked tirelessly to return transparency, accountability, and responsibility to Washington’s broken budget … Continue Reading
September 13, 2024
Via The Debt Dispatch: Fiscal Accountability and Enhancing the CBO’s Role in Preventing a US Debt Crisis
The Congressional Budget Office (CBO) plays a crucial role in ensuring lawmakers can equip Members of Congress with critically important budgetary and economic analyses when considering legislation. The House Budget Committee has been working on finding reforms to empower the CBO to provide the most accurate, timely, and accountable information possible to safeguard taxpayer dollars. Earlier this week, Romina Boccia, the Director of Budget and Entitlements at the Cato Institute, published an … Continue Reading
