ICYMI
Wall Street Journal Editorial Board: The GOP’s Medicaid Moment of Truth
House Republicans are committed to strengthening and protecting the Medicaid program as a critical lifeline for the most vulnerable Americansit was intended to serve, such as low-income pregnant women, children, people with disabilities, and the elderly.However, Medicaid has expanded well beyond its original purpose into a program fraught with waste, fraud, and abuse. Not only does Medicaid lack a work requirement for able-bodied adults, but in many cases the federal government pays states … Continue Reading
April 30, 2025
Competitive Enterprise Institute: Burdensome Federal Regulations Cost Economy $2 Trillion Annually
A new report from the Competitive Enterprise Institute (CEI)—the 2025 edition of Ten Thousand Commandments—highlights the staggering impact of federal regulations on the economy. It estimates compliance with burdensome federal regulations has an annual impact of at least $2.155 trillion on the economy. This represents a substantial burden on U.S. households and businesses alike, which is further exacerbated by federal fiscal mismanagement that has generated a gross national debt of over $36 … Continue Reading
April 29, 2025
Hoover Institution Poll Shows Voters Support Extending the Trump Tax Cuts—With Spending Offsets
A new Hoover Institution poll shows widespread support for making the 2017 Trump tax cuts permanent, but with a clear message to Congress: offset tax relief with spending cuts. By a 2-to-1 margin (45% to 22%), Americans favor extending the TCJA, but only if it’s paired with reductions in federal spending. But, if extension of tax relief increases the deficit, support declines, underscoring that fiscal responsibility is a top concern for voters. WORD ON THE STREET Excerpts from Hoover … Continue Reading
April 17, 2025
CATO Institute Poll: Americans Want Congress to Pair Tax Cuts with Significant Spending Reforms
A recent Cato Institute and YouGov poll, highlighted in a blog post by Cato’s Adam Michel, reveals that Americans across the political spectrum support pairing tax cuts with significant spending reductions. The poll found 81 percent of Americans feel they cannot afford higher taxes next year and 85 percent of Americans support extending the 2017 tax cuts if it prevents an average tax increase of $1,000 to $2,000 per person. Americans want permanent tax cuts because they would support working … Continue Reading
April 16, 2025
Via the Wall Street Journal: The Moral Case for Reforming Medicaid
The Medicaid program is a critical lifeline for the most vulnerable Americans. House Republicans are committed to strengthening and protecting Medicaid so it can continueserving the most vulnerable Americans it was intended to serve—namely, low-income pregnant women, children, those living with disabilities, and seniors, for generations to come. Unchecked spending on means-tested welfare programs is a main driver of today’s massive debt. In 2023 alone, spending totaled $1.6 trillion, … Continue Reading
March 26, 2025
California to Spend $8.4 Billion This Year on Health Care for Illegal Aliens
According to the California Department of Finance, the State of California will spend more than $8.4 billion on taxpayer-funded Medicaid health benefits for illegal aliens this fiscal year, over $5 billion more than initially estimated. Last year, California became the first state to offer free, taxpayer-funded health care through Medicaid to all illegal aliens in the state. This expansion is proving far costlier than originally projected and is already straining the Medi-Cal program that … Continue Reading
March 26, 2025
Chairman Arrington Urges Senate Passage of House Budget Resolution on The Claman Countdown
WASHINGTON, D.C. - House Budget Committee Chairman Jodey Arrington (R-Texas) joined The Claman Countdown on the Fox Business Network calling on the U.S. Senate to quickly consider the House-passed budget resolution, which would unlock the reconciliation process. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below. Chairman Arrington on Next Steps in the Reconciliation Process: “Our plan was written out and articulated in the budget resolution … Continue Reading
March 24, 2025
Chairman Arrington Joins The Fox News Rundown Podcast to Discuss House-Passed Budget Blueprint
WASHINGTON, D.C. - House Budget Committee Chairman Jodey Arrington (R-Texas) joined The Fox News Rundown Podcast on FOX News Radio to discuss theHouse-passed FY25 Budget Resolution and the next steps in the reconciliation process. The House’s budget blueprintis endorsed by President Trump and delivers on the President’s full America First agenda. House Republicans are urging their colleagues in the U.S. Senate totake up theresolution when they return to Washington. Listen to Chairman … Continue Reading
March 14, 2025
ICYMI: President Trump: "We have the Big Beautiful Bill. We gotta get that done."
On March 13th, President Donald Trump reiterated support for the House-passed Concurrent Resolution on the Budget for Fiscal Year 2025 in the Oval Office following a meeting with the NATO Secretary General. WORD ON THE STREET Watch Here President Trump: “We have the big, beautiful bill. We gotta get that done, and that will put our country in a position like it’s never been in. It’s a reduction of taxes. It’s tremendous incentives for companies to come from all over the world to come … Continue Reading
February 19, 2025
Via the Wall Street Journal: Trump Wants to Bring Down Treasury Yields. Here’s What to Know.
The Trump Administration is focused on lowering the 10-year Treasury yield, a key benchmark that influences borrowing costs on everything from mortgages to corporate bonds. Sam Goldfarb of the Wall Street Journal, breaks down how Trump might try to accomplish this and what he’s up against. Word on the Street: Excerpts from the Wall Street Journal article: How could a president bring down yields? The most obvious way that presidents can move Treasury yields is through fiscal policy. A … Continue Reading
February 11, 2025
MARKUP NOTICE: House Committee on the Budget
WASHINGTON, D.C. - On Thursday, February 13th, 2025, at 10:00 AM in 210 Cannon House Office Building, the House Committee on the Budget will hold a markup for the Concurrent Resolution on the Budget for Fiscal Year 2025. Committee hearings and markups are available LIVE from our website or YouTube. Seating in the hearing room is limited. Members of the public may view the markup via live webcast available here. The webcast will not be available until the markup starts. DETAILS FOR SUBMISSION … Continue Reading
February 06, 2025
Via Gingrich 360: The Republican Budget Opportunity
The United States has an unsustainably high level of debt, which undermines efforts to promote economic growth, threatens the dollar’s strength as the global reserve currency, and jeopardizes America’s standing as the world’s superpower. In a recent column published on Gingrich 360, former Speaker of the House Newt Gingrich writes about the massive opportunity ahead to cut waste from the federal budget. With a Trump-Vance Administration that is prioritizing reforms to make government work … Continue Reading
January 31, 2025
Open AI releases ChatGPT Gov for U.S. Government Agencies
This week, Open AI released ChatGPT Gov, a version of ChatGPT tailored for U.S. government agencies to access OpenAI’s frontier models while utilizing internal safety protocols. The rapid uptake of artificial intelligence across the economy has already shown massive increases in productivity. According to an analysis by Goldman Sachs, some firms utilizing AI are seeing a 25 percent increase in productivity on average. Broadly applying AI in our government has the potential to reduce costs, … Continue Reading
January 16, 2025
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
