ICYMI
ICYMI: Mortgage Rates Hit 7.09%, Highest in More Than 20 Years
The dream of homeownership is a key tenant of the American experience. But increases in mortgage interest rates can jeopardize this American dream for millions of Americans. When President Biden took office, mortgage rates in the United States were below 3%. Today, the average mortgage rate has increased to 7.09%, which is the highest level in almost 20 years. This recent rise is a continuation of high borrowing costs that have “slowed the housing market to a crawl," … Continue Reading
August 11, 2023
ICYMI: Biden’s IRS Chases Chump Change
By: Phil Gramm and Jodey ArringtonAugust 11, 2023Criminals stole at least $1 trillion from taxpayers during the pandemic. To date the Biden administration has offered only lip service and modest funding to try to reclaim these funds and punish wrongdoers. Meanwhile President Biden is hiring an army of Internal Revenue Service agents to shake down Americans he claims are tax avoiders. And his commitment is concrete—$80 billion to hire 87,000 new IRS agents. According to … Continue Reading
August 10, 2023
ICYMI: Everyone Is Forgetting About GROWTH
Republicans have long believed that implementing policies that lead to long-term economic growth must be a centerpiece of any budgetary framework to get our fiscal house in order. This week, the Committee to Unleash Prosperity issued a new piece highlighting the importance of economic growth to help get our deficits under control and unleash a renewed era of American prosperity. CLICK HERE or scroll below to read the full piece. “Everyone outside the … Continue Reading
August 07, 2023
ICYMI: Medicaid Redeterminations Protect the Most Vulnerable
This week, Sally Pipes, President of the Pacific Research Institute, wrote a column sounding the alarm on the importance of protecting the most vulnerable in the Medicaid program through the redetermination process. What is Redetermination? Redetermination is when a state conducts eligibility reviews for Medicaid recipients. That routine practice was put on pause during the COVID-19 pandemic. As a result, there are now over 18 million ineligible enrollees in the Medicaid program … Continue Reading
August 07, 2023
ICYMI: Chairman Arrington on Squawk Box to Discuss Fitch Downgrade
Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined "Squawk Box" on CNBC to discuss Fitch Ratings' decision to downgrade the U.S. government's credit rating from AAA to AA+. Republicans have been sounding the alarm on the urgent need to control Washington's unchecked spending that is hurting the economy and could drive our country into a recession. Chairman Arrington on Debt and Deficits:"I do think the last two years: the $11 trillion in record … Continue Reading
August 03, 2023
ICYMI: Chairman Arrington on Fox Business to Discuss Fitch Downgrade
Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined "Varney & Co" on Fox Business to address Fitch Ratings' recent decision to downgrade the U.S. government's credit rating from AAA to AA+. Republicans have been repeatedly sounding the alarm on how the Biden administration’s reckless spending is hurting the economy and jeopardizing the future of our country.Arrington on Fitch Ratings Downgrade “I think if you read the Fitch report, it's … Continue Reading
August 01, 2023
ICYMI: House Republicans Must Deliver a Balanced Budget
Last week, former Speaker of the House Newt Gingrich wrote a column sounding the alarm on how our country’s “massive deficits” and “enormous national debt” are hurting workers and businesses, showing that Americans want Congress to pass a balanced budget. As Speaker Gingrich said: “If a business or a family had a debt burden on scale with the U.S., it would be considered a crisis that had to be solved. This is a crisis for America, and … Continue Reading
July 24, 2023
ICYMI: The Latest Extraordinary Findings on Pandemic Improper Payments
Matt Weidinger of the American Enterprise Institute (AEI) recently released a blog Sounding The Alarm on "how badly government programs were abused during the pandemic."Breaking down the latest findings from a Government Accountability Office (GAO) report, Weidinger writes that the federal government "reported over $500 billion in estimated improper payments" during COVID's peak. CLICK HERE or scroll below to read the full blog. American Enterprise Institute The Latest … Continue Reading
June 12, 2023
ICYMI: The Continuing Unreality of Bidenomics
Last week, President Biden wrote an oped highlighting the “successes” of his Administration’s economic agenda.In a scathing rebuttal, James Freeman wrote that “president’s economic claims are chronically at odds with government statistics.”On Anemic Economic Growth: “Mr. Biden’s own Commerce Department affirms that the U.S. economy was growing faster during the quarter he took office than it has in the two years since.” On Soaring … Continue Reading
June 05, 2023
ICYMI: Why President Biden’s Moratorium on Student Loan Repayments was a Bad Idea
The endless extension of what was supposed to be pandemic-related relief through the student loan payment moratorium turns out to have hurt everyday Americans—including the student loan borrowers themselves. House Republicans have been leading the charge to stop President Biden’s student loan bailout for the wealthy and end the permanent pandemic narrative used by the Administration to justify these costly executive actions. For every month borrowers were allowed to skip … Continue Reading
June 01, 2023
ICYMI: Biden’s Drug Price Controls Kill Innovation and Drive-Up Long-Term Costs
President Biden and Democrats’ so-called Inflation Reduction Act (IRA)—or, more accurately put, the Innovation Reduction Act—has been bad news for America’s leading role in new drug development and patients hoping for new therapies.A new report released today shows another devastating impact of this deficit-crushing law: it will cause patients to lose access to an estimated 40 PERCENT of new medicines or up to 139 new therapies over the next decade.The study, released … Continue Reading
May 31, 2023
ICYMI: "Fiscal Responsibility Act Would Save $6,223 per Person, $15,854 per Household"
By Demian BradyMay 31, 2023 As Congress faces a looming deadline on the debt ceiling, lawmakers are considering the Fiscal Responsibility Act (FRA). The package is the result of negotiations between House Speaker Kevin McCarthy (R-CA) and President Biden, and would suspend the debt ceiling through January 1, 2025 in exchange for several reforms and the reintroduction of discretionary spending limits. According to the Congressional Budget Office’s analysis, the bill would reduce … Continue Reading
May 30, 2023
ICYMI: Rep. Estes Testifies at Rules Committee on Fiscal Responsibility Act
Today, Congressman Ron Estes (KS-04), delivered the following remarks (as prepared) at the House Rules Committee during consideration of The Fiscal Responsibility Act of 2023 (H.R. 3746). Click here to watch his remarks. "Chairman Cole, Ranking Member McGovern, Members of the Rules Committee. Thank you for allowing me to testify today in my capacity as a Member of the House Budget Committee. "The Fiscal Responsibility Act is more than a bipartisan agreement – it’s a win … Continue Reading
May 23, 2023
ICYMI: “BIDEN’S INACTION THREATENS DEFAULT”
Today, Speaker Kevin McCarthy released the following timetable that clearly illustrates President Biden’s inaction vs. the Speaker’s action in the months leading up to the debt limit deadline. Speaker Kevin McCarthy said, “Let’s remember how we got here – 10 days out from a Biden default on the national debt. He ignored the looming crisis for months, despite my repeated calls to negotiate. Because of his inaction, he risks bumbling into the first default in … Continue Reading
May 22, 2023
ICYMI: ARRINGTON ON “THIS WEEK”
Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined “THIS WEEK WITH GEORGE STEPHANOPOULOS” on ABC to discuss the ongoing negotiations to responsibly lift the debt ceiling. Click here to watch Arrington’s full interview. Chairman Arrington on the current state of negotiations: “The president had almost 100 days without engaging with the process now. His back is against the wall, we have one proposal that has passed the House. Nobody else has … Continue Reading
May 18, 2023
ICYMI: Chairman Arrington on Mornings with Maria
Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined “Mornings with Maria” on Fox News to discuss the ongoing negotiations to responsibly lift the debt ceiling as the deadline grows closer. Click here to watch Arrington’s full interview. Chairman Arrington on the current state of negotiations: “I think we’ve got a lot of leverage to stop the spending and include fiscal reforms, for once, as we raise the debt ceiling. And … Continue Reading
May 17, 2023
ICYMI: Chairman Arrington on The Story
Chairman Arrington on the Limit, Save, Grow Act:"Republicans did what the vast majority of American people, both Republican and Democrat expect their leaders to do. We acted responsibly, we acted with urgency. And we had a bill that was passed out of the House - and sent to the Senate - that would would raise the debt ceiling, pay our bills, protect thegood faith and credit of the United States, and begin reining in the spending that's created this cost of living crisis and is … Continue Reading
May 11, 2023
ICYMI- Debt talks: Fiscal discipline vs. no negotiation
By David Winston May 10, 2023 KEY FACTS FROM THE PIECE: Voters have crossed a major attitudinal threshold and now believe increasing federal spending contributes to inflation by a 64 percent to 21 percent margin. They also believe, 55 percent to 26 percent, that increasing the national debt contributes to inflation. The survey found that the GOP debt ceiling legislation as passed was favored by 52 percent of voters and opposed by 29 percent. Voters’ attitude about the economy … Continue Reading
May 11, 2023
ICYMI - Chairman Arrington on America Reports
Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined "America Reports" on Fox News to discuss the dire need for spending reforms as Americans are living paycheck to paycheck under President Biden. Click here to watch Arrington's full interview. Chairman Arrington on how Americans need the Biden administration to reduce their spending habits: "Six out of 10 Americans are living paycheck to paycheck. 45% of Americans say that if they had a crisis … Continue Reading
May 08, 2023
ICYMI: Arrington- Americans Making Tough Financial Decisions That Dems Can’t
Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined Squawk Box on CNBC to discuss the House Republicans' plan to responsibly lift the debt ceiling and implement practical spending reforms to reduce our nation's debt and grow our economy. Click here to watch Arrington's full interview. Chairman Arrington on the precedent of raising the debt ceiling with spending reforms: "So, you know we're just asking President Biden and the Democrats to do what's been … Continue Reading
