Press Releases
More Pain Ahead in Biden Economy, Congressional Scorekeeper Projects
WASHINGTON, D.C. - The American economy is projected to experience weaker growth, higher unemployment, higher inflation, and higher interest rates than previously estimated, according to an analysis released yesterday by the Congressional Budget Office (CBO). When compared to CBO’s February 2021 baseline established when President Biden took office, economic and fiscal estimates have worsened dramatically after two years of one-party Democrat rule in Washington. House Budget Committee … Continue Reading
November 22, 2022
Biden Adds Another $25+ Billion to Taxpayers’ Tab, as White House Extends Student Loan Repayment Moratorium
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement after it was reported that the Biden Administration will extend the COVID-era student loan repayment moratorium, which to-date has cost taxpayers more than $100 billion, until as late as June 2023 - at a potential cost to taxpayers of $25.8 billion - while the Administration’s broader student loan giveaway to the wealthy is being struck down in the courts: “President Biden is … Continue Reading
November 17, 2022
Smith, Foxx Demand Answers on Biden’s Student Loan Giveaway to the Wealthy
WASHINGTON, D.C. - Following a court decision that struck down the Biden Administration’s executive order on student loans, House Budget Committee Republican Leader Jason Smith (MO-08) and House Education and Labor Committee Republican Leader Virginia Foxx (NC-05) demanded answers from the Biden Administration over its student loan giveaway to the wealthy in a letter sent to White House Office of Management and Budget (OMB) Director Shalanda Young. The ranking members ordered the agency to … Continue Reading
November 10, 2022
Smith: We Must End Reckless Spending to Deliver a Stronger Economy, Lower the Cost of Living
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement after the Consumer Price Index showed prices remaining at a 40-year high of 7.7 percent, with overall prices having risen 14.4 percent since Joe Biden became President: “Today’s inflation report underscores the pain and frustration the American people are feeling as a result of the radical, reckless spending passed by President Biden and his Democrat accomplices in Congress that … Continue Reading
November 08, 2022
Smith-Lummis Op-Ed: Congress must act to stop rising inflation
By Rep. Jason Smith and Sen. Cynthia Lummis The Hill Inflation is impacting every person in this country, particularly those of us living in the so-called “flyover” states like Wyoming and Missouri. Families are being forced to make difficult decisions about what to buy at the grocery store, what bills to pay each month, and what trips to take, if any. On average, inflation is costing people in Wyoming more than $9,900 per year, and Missourians $8,900. The Congressional Budget … Continue Reading
November 07, 2022
Smith Op-Ed: Joe Biden's inflation crisis is worse than Jimmy Carter's
By Rep. Jason Smith Fox NewsFor many Americans, the Biden Presidency has brought with it a feeling of déjá vu. Iran is back in the headlines, prices at the gas pump are causing sticker shock, and inflation is at the top of everyone’s minds. The last time inflation was this high was shortly after President Jimmy Carter left office, voted out by Americans fed up with seeing the value of their paychecks shrink every month. Joe Biden's presidency has frequently been compared … Continue Reading
November 04, 2022
Biden Plan Means Higher Gas Prices, New $62 Billion Tax On American Energy Producers
President Biden’s call for a windfall profits tax - his Administration’s latest attack on American energy that will drive up the price at the pump for American families - would impose a new $62.2 billion tax on American energy producers, according to a Joint Committee on Taxation (JCT) analysis of such a proposal already introduced in Congress. JCT’s analysis also confirmed that such a proposal would harm domestic energy exploration by pushing jobs overseas and increase American dependence on … Continue Reading
November 02, 2022
Tax Scorekeeper Confirms Democrats' Partisan Child Tax Credit Policy Costs Taxpayers $1.4 Trillion, Reduces Economic Growth & Removes Workers
A permanent extension of the Democrats’ 2021 Child Tax Credit policy would cost taxpayers $1.4 trillion over the next decade, reduce economic growth, business investment, and labor force participation while resulting in higher inflation, according to a recent analysis by the Joint Committee on Taxation (JCT) released today by House Budget Committee Republican Leader Jason Smith (MO-08) and House Ways and Means Committee Republican Leader Kevin Brady (TX-08). Recent reporting indicates … Continue Reading
November 02, 2022
Smith: Fed Rate Hikes Are Chronic Symptom of Democrat Economic Disaster
House Budget Committee Republican Leader Jason Smith (MO-08) released the following statement after the Federal Reserve continued its interest rate increases at the fastest pace in 40 years - raising interest rates by another 75 basis points, the sixth such increase since March, for a total increase of 3.75 percent: “Today’s interest rate increase, the sixth since March, is a chronic symptom of the economic disaster that continues to unfold under one-party … Continue Reading
October 28, 2022
Smith: Republicans’ Commitment to America Will Build an Economy That’s Strong
House Republicans’ Commitment to America will build an economy that’s strong by ending Democrats wasteful spending that sparked the highest inflation in 40 years, reduce gas prices by making more energy in America, and fix the broken supply chain. “The only plan that Democrats have to address inflation is to make it worse. After their $2 trillion American Rescue Plan left behind a massive trail of waste, fraud, and abuse of tax dollars and sparked the … Continue Reading
October 27, 2022
Smith: Biden's Economy is Not Working for Working Americans
House Budget Committee Republican Leader Jason Smith (MO-08) released the following statement after the first measure of Gross Domestic Product for the 3rd quarter was released: “While President Biden and Washington Democrats might try to take a victory lap with today’s report, economists and economic indicators all point to the fact that what we are witnessing is an uptick before an economic flatline. In the recession of 2007-2009, America saw a negative … Continue Reading
October 26, 2022
Smith Op-Ed: IRS abuse demands answers
By Rep. Jason Smith The Hill House Republicans recently announced our Commitment to America, and one of the pillars of that commitment is to hold Washington accountable to the American people. We made this commitment because we have listened to Americans who all across this country are experiencing the hardships and uncertainty created by an out-of-control government with an out-of-touch agenda under one-party Democrat rule in Washington and are rightfully concerned about what could … Continue Reading
October 20, 2022
Republicans Commit to Building a Nation That's Safe
House Republicans are committed to building a nation that’s safe which includes ending President Biden’s illegal freeze of border wall funds and providing the resources needed to secure the southern border, enforcing our laws, and upholding America’s national security. “Americans deserve to feel safe in their homes and neighborhoods. Unfortunately, violent crime and fentanyl overdoses are the price Americans are paying … Continue Reading
October 18, 2022
Smith Op-Ed: Biden and Democrats have no interest in cutting the deficit
By Rep. Jason Smith Washington TimesHigher prices on everything from gas to groceries are crushing Americans. Families are cutting back on the necessities, and nearly a quarter of seniors are reportedly delaying retirement, just to stay afloat. But today’s inflation crisis did not appear out of thin air. In his first 20 months in office, President Biden has set records for spending and debt which have driven the massive spike in prices we’re seeing today. In less than two years, … Continue Reading
October 15, 2022
Smith: Republicans' Commitment to America Demands a Future Built on Freedom
House Republicans have unveiled a Commitment to America – a commitment to create a future built on freedom that empowers American families, not the Washington bureaucracy. “Over the last two years, Democrats have shown their ultimate goal is gaining control over every aspect of Americans’ lives – whether it's stifling innovation in our health care or treating parents who speak up on behalf of their own kids’ … Continue Reading
October 13, 2022
Smith: Americans Are Fed Up with Unaffordable Democrat One-Party Rule
House Budget Republican Leader Jason Smith (MO-08) released the following statement after the Consumer Price Index showed inflation remains at a 40-year high of 8.2 percent, with overall prices having risen 13.9 percent since Joe Biden became President: "Americans are fed up with paying the price for one-party Democrat rule in Washington. In two years, Democrats have added $10 trillion in new spending and left taxpayers holding the bag. Families know that … Continue Reading
October 11, 2022
FACT SHEET: The Cost of One-Party Democrat Rule
Despite increasing spending by $10 trillion, President Biden continues to absurdly claim he is reducing the deficit. House Budget Committee Republican Leader Jason Smith (MO-08) today released a fact sheet exposing the true cost of one-party Democrat rule in Washington. Click here or on the image above to get the facts on the cost of one-party Democrat rule. “President Biden has repeatedly … Continue Reading
October 06, 2022
Smith: Republicans’ Commitment to America Demands an Accountable Government
House Republicans are committed to holding the government in Washington accountable by protecting America’s constitutional freedoms, investigating the crises created by Democrats’ failed policies, and restoring the people’s voice in Congress. “House Republicans are fighting to make the Biden Administration answer for the many crises its failed policies have created for the American people. Our first priority will be repealing the … Continue Reading
October 01, 2022
Smith Marks 500 Days of Waste from Democrats’ $2 Trillion “Rescue Plan”
On February 19, 2021, President Biden defended the size of the Democrats’ $2 trillion American Rescue Plan by asking: “What would they have me cut? What would they have me leave out?” For the last 500 days, House Budget Committee Republican Leader Jason Smith (MO-08) has been documenting the massive trail of waste, fraud, and abuse left behind by the $2 trillion Democrats shoved out the door under the guise of COVID – when at the time $1 trillion in already enacted … Continue Reading
September 30, 2022
CBO Confirms Competition & Transparency Lowers Health Care Prices
House Budget Committee Republican Leader Jason Smith (MO-08) released the following statement after the Congressional Budget Office (CBO) confirmed in a report published yesterday that policies which foster competition and transparency will yield lower health care costs for patients and deliver savings for taxpayers in the process: “Today’s CBO report confirms that choice, competition, and transparency - key pillars of Republicans’ Commitment to America - are drivers behind lowering health … Continue Reading
