ICYMI
Chairman Arrington Speaks on 50th Anniversary of the Congressional Budget and Impoundment Control Act
Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined the Bipartisan Policy Center to celebrate the 50th anniversary of the landmark Congressional Budget and Impoundment Control Act. H.R. 7130, which became law in 1974, and established a congressional budget process that remains the framework we use today. The Congressional Budget and Impoundment Control Act: Created the Congressional Budget Office, which produces analyses and estimates of economic and budgetary … Continue Reading
April 10, 2024
FAFSA Fumbles Continued: President Biden’s Student Aid Overhaul Leaves Students Stranded
The Biden administration’s Free Application for Federal Student Aid (FAFSA) overhaul has continued to yield one disappointing blunder after another. Via UWorld College Prep Despite a two-year preparation period, this rollout has been plagued by a litany of errors, delays, and setbacks, which have severely hampered the ability of students and families to plan for college. A recent Washington Examiner article outlines how this botched execution underscores the urgent need for … Continue Reading
April 09, 2024
Chairman Arrington Sounds the Alarm with the Daily Caller: Fiscal Responsibility Begins by Ending Beltway Budget Gimmicks
The House Budget Committee, under the leadership of Chairman Jodey Arrington (R-TX), is leading the way on budget process reform to get America’s fiscal house in order. This week, Chairman Arrington laid out in the Daily Caller the problem with beltway budget gimmicks and the steps needed to bring transparency and accountability to the budget process. Read his full letter below: Word on the Street, Chairman Jodey Arrington (R-TX) Via Daily Caller: Congress recently passed two mammoth … Continue Reading
April 08, 2024
President Biden's Green Agenda: A Nearly Trillion-Dollar Burden on Americans
President Joe Biden’s environmental policy agenda comes with a price tag that our country simply cannot afford. A daunting analysis conducted by U.S. Senate Environment and Public Works Committee Republicans shows that the cost of just a few of President Biden’s environmental proposals would clock in at more than $845 billion. U.S. consumers and businesses will face severe challenges due to these regulations, and the weight of their price will continue to cripple American taxpayers … Continue Reading
April 02, 2024
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
