Press Releases
The Past is Prologue: Biden's Deficit Spending Record
When President Biden was asked what he we would do differently in the next two years, he responded emphatically, “nothing.” It’s safe to say the President’s budget will advance his radical agenda with record-breaking deficit spending, tax-hikes, and increases in the national debt. Historic Taxes, Spending, and Deficits Over ten years, President Biden’s FY 2023 budget proposed: Spending: $73 trillion or 23.4 percent of GDP—highest sustained level in American history. Taxes: $58 … Continue Reading
March 06, 2023
The Past is Prologue: Record of Raising Taxes
When asked what he we would do differently the next two years, President Biden responded, “nothing.” It's safe to say the President’s Budget will include more of the same tax policies that have increased the burden on working- and middle-class American families, added an army of new IRS agents, targeted small businesses, employers, and investment in the future for higher taxes, all while creating new giveaways for special interests. Tax Increases on Working and Middle Class Americans … Continue Reading
March 06, 2023
The Past is Prologue: A Tragic, Shakespearean Spending Story Authored by the Biden Administration
History destined to repeat itself is best defined by the Shakespearean euphemism, “what’s past is prologue.” And unfortunately, President Biden’s spending habits have become the embodiment of this cautionary tale. It’s as if, “rinse and repeat” appear at the end of every Biden budget and include more taxes, more spending, and more borrowing from our children to pay for it all. When asked recently if he would do anything differently while saddling our nation with five trillion dollars in … Continue Reading
March 02, 2023
Fiscal State of the Union: Biden's Real-Wage Decline
Inflation continues to decimate American’s standard of living. Real wages - the amount people are paid when adjusted for inflation - are falling as well. Since President Biden took office in January 2021, the increase in prices due to inflation is over 14%, resulting in a loss in real wages of nearly 4%. Average hourly wages have only risen by 10% as of January 2023. This graph shows the decline in real wages since January 2021. This loss in real wages is not limited to one segment of … Continue Reading
February 27, 2023
How to Avoid Financial Armageddon and Restore Fiscal Accountability
By: Chairman Jodey Arrington (TX) February 27, 2023 As seen in The Hill “A public debt is a public curse.” So said James Madison in a letter to Henry Lee in 1790. At the time, the new American government was struggling to pay off its $75 million debt to the French, a country which had its own problems dealing with an increasingly violent revolution. I doubt Madison could have envisioned how successful his experiment in republican governance would become, one that would finance much … Continue Reading
February 24, 2023
Arrington: Biden's Fiscal Policies Mean More Economic Pain For American Families
WASHINGTON - House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement upon news that Americans continue to suffer from increasing inflation. The Personal Consumption Expenditures (PCE) price index, the Fed’s preferred measure of inflation, released this morning shows prices continue to climb and are now 5.4 percent higher than they were a year ago. “Virtually every economic indicator we have seen over the last few weeks - from GDP, to the CBO Baseline, to the … Continue Reading
February 17, 2023
A Week in Review: CBO Baseline Sounds Alarm on Democrats' Egregious Spending
This week, the Congressional Budget Office (CBO) released their latest Budget and Economic Outlook report, commonly referred to as the baseline. CBO’s baseline shows that out-of-control spending by the Biden administration and Democrats during just two years of one-party rule has exploded the national debt to unprecedented and truly unsustainable levels. The national debt is now projected to increase from $24.3 trillion in 2022 to $46.4 trillion by 2033. WHAT OUR MEMBERS ARE SAYING ABOUT … Continue Reading
February 15, 2023
Arrington on CBO Baseline: "Houston, We Have a Problem"
WASHINGTON - Today, the Congressional Budget Office (CBO) released their latest Budget and Economic Outlook report, commonly referred to as the baseline. Today’s baseline report – which includes projections of federal spending, revenue, surpluses or deficits, and debt – shows that out-of-control spending by President Biden and Democrats during two years of one-party rule has exploded the national debt to unprecedented and truly unsustainable levels. House Budget Committee … Continue Reading
February 14, 2023
Arrington: CPI Shows Biden Economy Continues to Punish Working Americans
WASHINGTON - House Budget Committee Chairman Jodey Arrington (R-TX), issued the following statement after the Consumer Price Index (CPI) showed inflation continuing at a forty- year high for the 15th consecutive month. “Hardworking Americans continue to pay the price for Democrat’s unbridled spending with higher consumer costs, lower wages, and a stagnate economy. Inflation is running at 6.4 percent, the highest rates in forty years for the 15th consecutive month. Real Wages have … Continue Reading
February 13, 2023
THE CBO BASELINE AND ECONOMIC OUTLOOK
WHAT IS THE CBO BASELINE? The Congressional Budget and Impoundment Control Act of 1974 (Budget Act) requires the Congressional Budget Office (CBO) to provide the House and Senate Budget committees with a Budget and Economic Outlook. This annual report, which helps Congress understand the fiscal and economic challenges facing the country, is also known as the CBO baseline. CBO updates the baseline every year. The CBO will release the updated baseline on Wednesday, February 15th. PURPOSE … Continue Reading
February 09, 2023
Chairman Arrington Lays Groundwork for Budget Committee Priorities
WASHINGTON - Today, Chairman Jodey Arrington (TX) and Members of the House Budget Committee held their first official meeting to consider the Rules of the Committee and the Oversight Plan for the 118th Congress. During his opening remarks, Chairman Arrington emphasized the importance of this committee's role as Americans face runaway deficit spending and an unsustainable debt trajectory. Click here to watch Arrington's full remarks Chairman Arrington's opening remarks as … Continue Reading
February 08, 2023
The Debt Limit and Fiscal Restraint
House Republicans will pay our debts and protect the good faith and credit of the United States, but we will not give President Biden an unlimited line of credit. After two years and $10 trillion of unbridled spending by Democrats, which led to record inflation, soaring interest rates, and an economic recession, it would be irresponsible to raise the debt limit without common sense spending controls. Why? Our federal debt is now over $31 trillion, levels we have not seen since World War II … Continue Reading
February 07, 2023
Arrington: Biden Describes Alternate Reality in State of the Union
WASHINGTON - House Budget Committee Chairman Jodey Arrington (R-TX), issued the following statement in response to President Biden’s State of the Union Address: "After listening to President Biden tonight, I have a few simple questions for American taxpayers and hard-working families: Have your lives gotten better or worse under the leadership of President Biden? Is our nation stronger or weaker? Is our children’s future brighter or more bleak? "We certainly have more government, more … Continue Reading
February 07, 2023
Arrington: President Biden Must Focus on Nation’s Debt Crisis in SOTU
WASHINGTON - House Budget Committee Chairman Jodey Arrington (R-TX), issued the following statement ahead of President Biden’s State of the Union Address: “At tonight’s State of the Union, President Biden will tout a façade of short-term economic upsurge, but the American people are experiencing a very different reality: the state of our economy is anemic. “States like Illinois and Nevada continue to be plagued by record unemployment rates; New York City has transformed into a war zone; … Continue Reading
February 07, 2023
Chairman Arrington Announces Budget Committee Roster
WASHINGTON - Today, Budget Chairman Jodey Arrington (TX-19) announced the Republican committee roster for the 118th Congress. “I’m proud to serve alongside such a talented group of public servants whose unwavering commitment is to rein-in spending, reduce the national debt, and restore fiscal accountability to Congress. “My colleagues come from different backgrounds and have a variety of experiences, but all hold fast to a common mission - to steward taxpayer resources in a way that … Continue Reading
January 13, 2023
Chairman Arrington: We Will Not Let Politicians Bankrupt Our Country and Destroy Our Children's Future
Today, House Budget Committee Chairman Jodey Arrington (TX-19) released the following statement in response to Treasury Secretary Janet Yellen's letter to Congress on the debt limit: “We will pay our creditors and protect the good faith and credit of the U.S., but we will not let politicians bankrupt our country and destroy our children’s future. No new credit cards until Democrats agree to spending constraints and other fiscal … Continue Reading
January 10, 2023
Arrington Selected to Serve as Chair of House Budget Committee
WASHINGTON, D.C. - Yesterday, Representative Jodey Arrington (TX-19) released the following statement after being selected to serve as the Chairman of the House Budget Committee for the 118th Congress: “I am humbled by the confidence and trust of my colleagues to lead the effort to rein-in spending, reduce our debt, and restore fiscal responsibility in our nation’s capital as Chairman of the House Budget Committee. “With the national debt surpassing $31 trillion and over 120% of our … Continue Reading
January 02, 2023
Smith: 118th Congress House Rules Package Reflects Commitment to Restoring Fiscal Sanity, Accountability in Washington
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) applauded the introduction of a package of budgetary related rules to govern proceedings in the U.S. House of Representatives for the 118th Congress. The House Rules package proposes a number of specific policies to enforce fiscal discipline in Congress while eliminating previous provisions authored by House Democrats which made it easier to rapidly increase spending of taxpayer dollars in the 116th & … Continue Reading
December 30, 2022
Democrat-Controlled 117th Congress Sets Records for Spending & Debt
WASHINGTON, D.C. - With the end of one-party Democrat rule in Washington, House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement detailing the cost to the federal budget of one-party Democrat rule during the 117th Congress: “Democrats ended this Congress just as they began it, with President Biden and his allies ramming through a reckless $2 trillion spending bill. Over the last two years, the American people have seen their lives upended by one crisis … Continue Reading
December 28, 2022
Smith Op-Ed: Dems Put America On A Dangerous Path. Now, House Republicans Must Turn Things Around
By Rep. Jason Smith Daily CallerTwo years ago, Democrats began their one-party rule of Washington by passing a massive $2 trillion bill which led to the highest spike in prices in 40 years. That inflation crisis has now stolen nearly two months’ worth of pay from every working American since Joe Biden took the oath of office. With merely days left before Christmas, Democrats capped off their reign by spending yet another $2 trillion in a bill spread across 4,155 pages no lawmaker had a … Continue Reading
