ICYMI
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
September 03, 2024
Via the Committee for a Responsible Federal Budget: Congress Should Strengthen Administrative PAYGO
This May, House Budget Committee Chairman Jodey Arrington (R-TX) and Oversight Task Force Chair Jack Bergman (R-MI) introduced H.R. 8195, Strengthening Administrative PAYGO (SAP) Act of 2024. This proposal recognizes that the tax and spending decisions that add to our exploding national debt take many forms - i.e., executive orders, regulations, and a wide array of executive actions. Administrative PAYGO was designed to prevent these unilateral and arguably unconstitutional actions from … Continue Reading
August 28, 2024
Via the Washington Times: Rep. Jodey Arrington Issues Reminders on the Effects of Bidenomics
Kamalanomics is—believe it or not—worse than Bidenomics. Vice President Harris’s policies would drive us into a long, cold economic winter, crush our children with an insurmountable debt, and hand the keys to future global leadership to China. A recent Washington Times Op-Ed highlighted the work done by the Budget Committee reminding taxpayers that the Biden-Harris Administration continues to disregard the $35 trillion deficit and pursue expensive policies that do little good for the American … Continue Reading
August 28, 2024
Via the Wall Street Journal: Kamala Harris’s ‘Joyful’ War on Entrepreneurs
The Wall Street Journal (WSJ) Editorial Board recently published a piece highlighting how Democrats have trained their sights on so-called “corporate greed” while neglecting to assess the role that entrepreneurs play in driving economic growth. Using slogans like “leveling the playing field” and “growing the middle class out,” Vice President Kamala Harris and her colleagues have advocated for disruptive and unprecedented policies such as taxing unrealized capital gains at exorbitant … Continue Reading
August 23, 2024
Via City Journal: Biden-Harris Policies Amount to Lifetime Costs of Nearly $50,000 per Family
Since taking office, the Biden-Harris Administration has imposed new regulatory barriers on American families through constitutionally questionable executive actions and burdensome regulations. A recent study by Casey B. Mulligan, Professor of Economics at the University of Chicago, for the Committee to Unleash Prosperity estimates the lifetime cost of this Administration’s regulatory policies to be $47,000 per family. Professor Mulligan set forth his findings in an Op-Ed in City Journal that … Continue Reading
August 22, 2024
Kamala Harris’s Net Zero Policies are Draining your Wallet and Stifling the American Dream
The Biden-Harris Administration’s “net zero” energy policies have dramatically reshaped our nation’s energy economy for the worse. Another four years of stifling regulations on our energy sector will spur inflation and restrict access to the American dream. Vice presidential candidate and U.S. Senator for Ohio, JD Vance, recently penned an Op-Ed in the Wall Street Journal highlighting the surging prices and unplanned economic destruction that the Biden-Harris Administration’s “net- zero” … Continue Reading
August 20, 2024
Via the Wall Street Journal: Drug Price Controls Mean Fewer Cures
The Wall Street Journal Editorial Board recently published a piece that highlights how the Biden-Harris Administration’s so-called Inflation Reduction Act (IRA) is dimming prospects for new medicines through government price controls. With the Biden-Harris Administration releasing the “negotiated” prices for certain drugs in Medicare on August 15, 2024, the WSJ Editorial Board sets the record straight on how the IRA is killing hope for patients who want new lifesaving medicines. Word on … Continue Reading
August 09, 2024
Via the Peter G. Peterson Foundation: What is the National Debt Costing Us?
Since taking office, the Biden-Harris Administration has added over $7.3 trillion to the national debt, adding $1 trillion in the past seven months alone. In all, our national debt now exceeds $35 trillion and without immediate action, this will fall on the backs of future generations of Americans. A recent report from the Peter G. Peterson Foundation argues lawmakers will soon have to cut government funded programs that many Americans rely on, all as a result of our reckless spending. Word … Continue Reading
August 08, 2024
Via the New York Post: Biden-Harris Market Crash Shows They Set Not Just the World, but the Economy on Fire
This week, financial markets gyrated drastically. After an initial drop, markets recovered somewhat but those gains did nothing to alleviate the ever-present fear that a recession looms over U.S. investors and consumers. After all, since the Biden-Harris Administration assumed office, our national debt has skyrocketed by $11.6 trillion; over $2 trillion of that is attributable to a series of executive actions that brazenly bypassed Congress entirely. A recent New York Post editorial … Continue Reading
August 07, 2024
Via the Competitive Enterprise Institute: Biden-Harris Admin Regulations Cost U.S. Households More Than $15,000 Annually
Since taking office, the Biden-Harris Administration has proposed and implemented executive actions that cost American taxpayers and hurt families. A recent study by the Competitive Enterprise Institute (CEI) quantifies the annual cost of federal regulations. CEI scholars calculated that the federal regulatory burden costs the average household more than $15,000 per year, and totals $2.1 trillion in additional annual costs to Americans. Word on the Street: Via Clyde Wayne Crews with the … Continue Reading
August 01, 2024
Via RealClear Investigations: Biden’s Obamacare Expansions Could Cost Another $383 Billion
The Biden-Harris Administration has radically expanded Obamacare through unilateral executive actions and two partisan Democrat reconciliation spending bills. In fact, since the Biden-Harris Administration took office, the cost of Obamacare premium tax credit subsidies has nearly doubled from $68 billion in 2021 to $125 billion in 2024, fueling our $35 trillion national debt. Responding to a letter from House Budget Committee Chairman Jodey Arrington (R-TX) and House Ways and Means Committee … Continue Reading
July 01, 2024
Via Daily Signal: When Washington Spends, You’re on the Hook. You Deserve to Know for How Much.
House Budget Committee Member Congressman Ron Estes (R-KS) is Sounding the Alarm as the national debt continues to soar due to President Biden’s failed economic policies. Congressman Estes outlined the massive scale of the debt crisis in an article in the Daily Signal highlighting how the $34.7 trillion of national debt is affecting the average American family more than they think. He argues for passage of H.R. 8372, the Debt Per Taxpayer Information Act, which was introduced by House Budget … Continue Reading
June 26, 2024
Via the Daily Caller: We Must Address America’s Debilitating Federal Debt Spiral
On Tuesday, June 18, 2024, the Congressional Budget Office (CBO) released its updated budget projections for fiscal years (FY) 2024-2034. This is an update to its February baseline. CBO now projects that deficit spending for FY24 will reach a staggering $1.9 trillion, an estimate that is $400 billion higher than CBO predicted just four months earlier. Additionally, interest spending has increased by $540 billion or 153 percent in the three years since President Biden took office. Our country … Continue Reading
June 21, 2024
Via Forbes: CBO: Cost of Federal Student Loans Nears $400 Billion
On Tuesday, the Congressional Budget Office (CBO) released its updated budget projections for fiscal years (FY) 2024-2034. This is an update to its February baseline. The CBO’s analysis highlights that the cost of federal student loan programs are skyrocketing, with taxpayers projected to spend $393 billion, or $3,100 per household, on these programs over the next 10 years. $140 billion or over a third of this cost directly stems from President Biden’s student loan forgiveness schemes. A … Continue Reading
June 20, 2024
Via Wall Street Journal: Soaring U.S. Debt Is a Spending Problem
On Tuesday, June 18, 2024, the Congressional Budget Office (CBO) released its updated budget projections for fiscal years (FY) 2024-2034. This is an update to its February baseline. CBO now projects that deficit spending for FY24 will reach a staggering $1.9 trillion, an estimate that is $400 billion higher than CBO predicted just four months earlier. This is the third highest annual deficit in American history. A key driver of this increase is the Biden Administration’s use of executive … Continue Reading
