ICYMI
Biden’s Corporate Welfare Bonanza
During his State of the Union address, President Biden used his time to lambast businesses for allegedly not paying “their fair share.” Specifically, he called for eliminating individual and business “tax breaks” to “make the tax code fair.” Unsurprisingly, President Biden’s policies don’t match his rhetoric. While he complains about supposed “unfair tax breaks” his administration has unleashed a gush of corporate welfare, including crony tax breaks and subsidies for his preferred … Continue Reading
April 02, 2024
FAFSA Fumbles: Biden's Failed Rewrite of Student Aid Programs
The Biden administration’s rollout of the new Free Application for Federal Student Aid (FAFSA) keeps getting rockier. On March 22, the Department of Education announced that roughly 200,000 student financial aid records sent to schools included errors in the data, resulting in lower aid estimates for those students than they were qualified to receive. The issue comes after several delays in FAFSA processing wreaked havoc on the college admissions cycle, forcing many institutions to push … Continue Reading
April 01, 2024
Biden's New EPA Tailpipe Rule Penalizes American Energy Independence
On March 20, the Environmental Protection Agency (EPA) finalized a tailpipe vehicle emissions rule - a de facto ban on the sale of gas-powered and traditional hybrid vehicles - forcing automakers to sell more electric vehicles (EVs). Experts and lawmakers agree: the Biden administration’s new rule will increase the cost of vehicles for the majority of Americans, only benefiting high-income earners. Word on the Street via New York Times: “Nearly three years in the making, the new … Continue Reading
March 27, 2024
President Biden's Budget Proposal Threatens Small Businesses
On March 11—five weeks after the statutory deadline—President Joe Biden submitted his Fiscal Year 2025 (FY25) budget request to Congress. His proposal quadruples down on the unbridled spending and failed economic policies included in his three previous budget proposals. The Biden administration proposed targeting the lifeblood of the American economy: small businesses. Rather than shrinking the size and scope of an already bloated federal government, the President’s budget proposes … Continue Reading
March 27, 2024
Applications for IRS Jobs ‘Far Below’ Agency Goals says Government Executive
In August 2022, President Biden and Congressional Democrats rushed to enact their reckless tax and spending spree, the so-called Inflation Reduction Act (IRA), into law. One of the more problematic provisions included in the IRA allocated $80 billion dollars in taxpayer dollars to the Internal Revenue Service (IRS) in hopes of supercharging the volume of financial audits imposed on lower and middle-income Americans and small businesses. A recent report from the Treasury Inspector General … Continue Reading
March 22, 2024
House Budget Committee Holds Biden Administration Accountable at Hearing on the President’s Fiscal Year 2025 Budget Request with OMB Director Shalanda Young
On Thursday, March 21, House Budget Committee Chairman Jodey Arrington (R-TX) and members of the House Budget Committee held a hearing titled “The President’s Fiscal Year 2025 Budget Request.” Yesterday marked an important step in Congressional oversight and holding the Biden administration accountable for its unbridled spending. OMB Director Shalanda Young provided testimony and members questioned her on contents of the President’s budget proposal. There couldn’t be a clearer contrast … Continue Reading
March 22, 2024
The Reality Behind the Rhetoric: Voters See Through Biden’s Talking Points
Members of the House Budget Committee have long been sounding the alarm on the realities of our bleak economy due to the Biden administration’s reckless spending and failed economic policies. A WG Discussion Points article from last week sheds light on the dissonance between the White House’s economic messaging and the reality faced by the American people. Word on the Street: Via WG: “If a message is not believable, it will not have standing with voters, and this is why much of the … Continue Reading
March 15, 2024
Biden's Health Proposals Would Expand Washington's Control and Spending
On Monday, President Joe Biden released his Fiscal Year 2025 Budget Request, which calls for a significant expansion of federal health care spending. He ignores the fact that mandatory federal health care programs are the primary drivers of the nation’s out-of-control $34 trillion debt. The Congressional Budget Office (CBO) baseline shows spending on major health care programs will exceed $3.2 trillion in 2034, three times larger than the amount projected to be spent on national defense in … Continue Reading
March 12, 2024
America’s Fiscal Crisis Unveiled: CATO Calls for Urgent Fiscal Reform
The United States continues to face a looming challenge ahead: federal spending and deficits are growing faster than revenue is coming in, far outpacing the much-needed growth of U.S. gross domestic product (GDP). The U.S. economy remains sluggish and unpredictable, consumer confidence continues to falter, and deficits ballooned by nearly $2 trillion in 2023 alone, all while the Biden Administration proposes another tranche of regressive economic policies in their FY25 budget. House … Continue Reading
March 08, 2024
House Budget Committee Passes Budget Resolution in Meaningful Step Towards Fiscal Sanity
Yesterday, Chairman Jodey Arrington (R-TX) and members of the House Budget Committee passed the concurrent resolution on the budget in a landmark achievement toward fiscal responsibility. Yesterday marked the second time in 30 years that a budget has been passed out of committee before the President’s budget is released. Word on the Street: Chairman Jodey Arrington (R-TX): Click HERE to watch Chairman Arrington’s Opening Statement. “This fiscal framework will balance the budget in 10 … Continue Reading
March 06, 2024
PPBE Commission Releases Final Report: Defense Resourcing For The Future
The Planning, Programming, Budgeting, and Execution (PPBE) Commission released their final report on Wednesday, March 6th. The report reflects 24 months of research and over 400 interviews with nearly 1,100 experts from Congress, the Department of Defense (DoD), industry, academia, and research organizations. The PPBE Commission was formed on a bipartisan basis to comprehensively examine the DoD’s budgeting system and make recommendations to—in the end—improve the agility of the DoD and … Continue Reading
March 04, 2024
T-minus One Week Until Biden Drops FY2025 Budget Bomb
President Biden’s FY25 budget request is expected to drop March 11, 2024—a week from today, and 35 days after the legal deadline. In case you’ve forgotten, see below for some of the highlights from last year’s budget while we wait for the next tranche of reckless tax and spend from the Biden Administration. By the Numbers: Last year, President Biden’s FY 2024 budget request had the highest sustained levels of taxes, spending, and deficits in American history. $82 trillion in … Continue Reading
February 26, 2024
The Nation’s Capital is Suffering the Worst Crime Wave in 21st Century
Crime in Washington, D.C. is continuing to rise at alarming rates. In the nation's capital, small businesses, residents, and even sports teams are fleeing to safer areas due to rising violence. Crime surged by nearly 40% last year, with over 270 murders, 950 carjackings, and 106 children shot—reminiscent of the 1990s crack epidemic. Via Getty Images Recently, both the Washington Capitals and the Washington Wizards made the decision to relocate their multibillion-dollar … Continue Reading
February 23, 2024
Rep Estes on America’s Fiscal Crossroads: A Call for Courageous Leadership
America is facing a fiscal crisis on multiple fronts. Skyrocketing federal and household debt threatens to destabilize the economy and rob future generations of economic opportunity and prosperity. Rep. Estes (R-KS) published an op-ed in Fox describing the fiscal crisis facing American families and how Washington can change course and reverse this curse. Word on the Street Via Fox News: America is facing new, coinciding fiscal pandemics - where household debt and government debt … Continue Reading
February 15, 2024
House Budget Committee Holds Hearing Titled “The Congressional Budget Office’s Budget and Economic Outlook"
Yesterday the House Budget Committee held a hearing titled “The Congressional Budget Office’s Budget and Economic Outlook.” The hearing welcomed the Congressional Budget Office (CBO) Director Phillip Swagel to answer questions on the recent CBO baseline while also exploring ways to improve their accuracy, transparency, and internal structure to serve the Congressional budget process better. Word on the Street: Chairman Arrington (R-TX): Click HERE to watch Chairman Arrington … Continue Reading
February 13, 2024
A Conversation with Chairman Jodey Arrington: The Potential Implications of a Fiscal Commission
The United States faces a growing fiscal threat as the national debt continues to break its own records, climbing higher and higher. Left unchecked, Americans face a future racked with higher interest rates, stifling inflation, less investment, decreased confidence in government securities, limited long-term economic growth, and more. The longer Congress waits to act, the more dire this crisis becomes. With the support of policymakers, experts, and stakeholders, the House Budget … Continue Reading
February 12, 2024
House Budget Committee Takes “Meaningful Steps” Toward a More Fiscally Responsible Government
On February 6th, the House Budget Committee marked up three bipartisan bills aimed at providing more transparency and accuracy in the congressional budget process: H.R. 766, the “Dr. Michael C. Burgess Preventive Health Savings Act,” led by Representatives Michael Burgess (R-TX) and Diana DeGette (D-CO) H.R. 7032, the “Congressional Budget Office Data Sharing Act,” led by Ranking Member Brendan Boyle (D-PA) and Chairman Jodey Arrington (R-TX) H.R. 5301, the “Eliminate Useless … Continue Reading
February 12, 2024
CBO Baseline Underscores Need for Fiscal Responsibility
February 07, 2024
House Budget Committee Holds Bipartisan Markup for Budget Process Bills
Yesterday, the House Budget Committee held a markup of the bills H.R. 766, the Preventive Health Savings Act, H.R. 7032, the Congressional Budget Office Data Sharing Act, and H.R. 5301, the Eliminate Useless Reports Act of 2023. The markup brought together members of the House Budget Committee to mark up important legislation aimed at streamlining the budget process. Word on the Street: Chairman Jodey Arrington (R-TX) delivered opening remarks stating: “We have committed, … Continue Reading
February 06, 2024
Health Care Task Force Chair Burgess Calls for Smarter Approach to Health Care Budgeting
The nation’s dire fiscal condition is an illness that demands strong fiscal courage to remedy. Leading the charge on this is House Budget Committee Health Care Task Force Chair Rep. Michael C. Burgess, M.D. (R-TX). As the most senior physician in Congress, Rep. Burgess has outlined his solutions for outdated budgeting practices in an Op-Ed first featured in the Washington Examiner. He has championed the need for a better analysis of preventive health care legislation, emphasizing the … Continue Reading
