Press Releases
Exposing Biden’s “Deficit Reduction” Dishonesty
As President Biden continues to push a big spending agenda, he is also not being honest with the American people about his record on the deficit or the inflation crisis his deficits have fueled. The President is still pushing Congress to enact all or parts of his $5 trillion Build Back Broke agenda despite the fact that his previous $2 trillion spending spree contributed to the 11 percent rise in inflation that has occurred since the President took office. The President has made some dubious … Continue Reading
June 02, 2022
Delegation Led by House Budget Committee Republican Leader Smith Sees Firsthand the Cost of President Biden’s Border Crisis
WASHINGTON, D.C. – On Wednesday, House Budget Committee Republican Leader Jason Smith (MO-08) led a group of Republican members of the U.S. House of Representatives to McAllen, Texas – the largest group of members to visit the border since President Biden took office – to learn more about the financial and humanitarian cost of the Biden Administration’s failure to secure the U.S. southern border. “As the lead Republican on the House Budget Committee, it is my job … Continue Reading
May 31, 2022
Amidst Rampant Reports of COVID-19 Spending Fraud and Misuse, Republicans Demand Answers from Biden’s “Pandemic Prosecutor”
WASHINGTON, D.C. - Today, House Budget Committee Republican Leader Jason Smith (MO-08), along with House Judiciary Committee Republican Leader Jim Jordan (OH-04), House Small Business Committee Republican Leader Blaine Luetkemeyer (MO-03), and House Ways and Means Committee Republican Leader Kevin Brady (TX-08) demanded answers from the Biden Administration about its non-existent effort to pursue hundreds of billions worth of federal tax dollars in pandemic fraud. In a letter sent to President … Continue Reading
May 26, 2022
House Budget Committee Republican Leader Smith Announces Visit to U.S. Southern Border
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) will be leading a group of U.S. House of Representatives Republican members to McAllen, Texas, on Wednesday, June 1, to see firsthand the magnitude of President Biden’s border crisis, including the direct budgetary cost to American taxpayers of the failure to secure the southern border. “We look forward to speaking with our brave Border Patrol agents on the front lines of this crisis,” said House Budget … Continue Reading
May 26, 2022
America’s Budgetary & Economic Outlook Deteriorating Under One-party Democrat rule
WASHINGTON, D.C. – Today, during a hearing of the House Budget Committee with Congressional Budget Office (CBO) Director Phillip Swagel, House Budget Committee Republican Leader Jason Smith (MO-08) highlighted how CBO’s latest Budget and Economic Outlook demonstrates the appalling extent to which America’s budgetary and economic outlook has deteriorated under just one year of President Biden and Democrat one-party rule in Washington. During his opening statement, Smith laid … Continue Reading
May 25, 2022
New CBO Report: America’s Fiscal Health Getting Worse Under Biden
WASHINGTON, D.C. - Today, House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement after the Congressional Budget Office (CBO) released The Budget and Economic Outlook: 2022 to 2032: “The update from CBO today is sobering. Under President Biden, America’s fiscal health is deteriorating right in front of our eyes. The latest CBO baseline projects $16 trillion of additional debt over the next 10 years, $5 trillion more compared to where CBO projected the … Continue Reading
May 19, 2022
Smith, Palmer Call Out Health Secretary Becerra for Misleading American People About Radical “Anti-Racism” Rule And Its Effect on Patient Care
WASHINGTON, D.C. - Today, in a letter sent to President Biden’s Secretary of Health and Human Services (HHS), Xavier Becerra, House Budget Committee Republican Leader Jason Smith (MO-08) and House Republican Policy Committee Chairman Gary Palmer (AL-06), slammed the Biden Administration’s attempt to impose its so-called “anti-racism” agenda on doctors’ offices. Under a new Biden Administration regulation, doctors would be reimbursed with federal tax dollars for adopting “anti-racism” plans … Continue Reading
May 18, 2022
Proposal to Lower Medicare Age Portends the Threat to Seniors From Democrats’ “Medicare for All” Scheme
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) released the following statement after the Congressional Budget Office issued a report on the budgetary effects of lowering the Medicare eligibility age to 60: “Seniors who rely on Medicare must be protected from this dangerous idea that would be the first step toward a Bernie Sanders’ ‘Medicare for All’ scheme. Lowering the eligibility age to 60 would threaten the hard-earned benefits of current and future … Continue Reading
May 13, 2022
Biden Bailout Bill Spending Continues to Flow and Threaten Higher Inflation
WASHINGTON, D.C. - Starting this week, 30 states are eligible to receive the second tranche of funding from President Biden’s American Rescue Plan worth $105 billion. This massive injection of spending comes as new inflation data released this week shows price increases continuing at a forty-year high and as states have enjoyed record budget surpluses with total revenues growing by nearly 18 percent last year. “This $105 billion tranche from the President’s bailout bill - the bill that … Continue Reading
May 13, 2022
Biden's Deficit Deceit
WASHINGTON, D.C. – This week, President Biden repeated his delusional claim that his Administration is committed to reducing the deficit. This is the same President Biden who falsely claims his reckless spending is not responsible for the highest inflation in forty years – an inflation crisis he also first denied even existed. The same President Biden who told the American people his Build Back Broke agenda would cost “zero.” “It is painfully obvious that … Continue Reading
May 11, 2022
GAO Report Outlines Billions in Potential Executive Branch Savings While Biden Instead Pursues Billions in Executive Branch Spending
WASHINGTON, D.C. - The Government Accountability Office (GAO) released its annual report today on recommendations to “Reduce Fragmentation, Overlap, and Duplication and Achieve Billions of Dollars in Financial Benefits” in the federal government. The report contains 94 new recommendations to agencies across the federal government that GAO estimates would save tens of billions of taxpayer dollars. The report also projects that previous GAO recommendations that have been adopted by various … Continue Reading
May 11, 2022
Smith: Biden’s Focus on Inflation is a Day Late and Many Dollars Short
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement today after the Consumer Price Index showed inflation remaining at a forty-year high of 8.3 percent, and rising 11 percent since President Biden took office: “President Biden claims to care about inflation now that it is a political liability for Washington Democrats. His interest in the pain his policies are causing American families is a day late and many dollars short. Since the … Continue Reading
May 10, 2022
Democrats' Narrative Falls Flat in Face of Facts: Tax Cuts & Jobs Act Yields Historic Government Receipts
WASHINGTON, D.C. – Facts continue to destroy the Washington Democrats’ narrative about the 2017 Tax Cuts & Jobs Act (TCJA). Under the Republican-passed TCJA, the tax burden on American families as well as American job creators has gone down while revenue to the federal government has continued to grow – and grow beyond that predicted by the Congressional Budget Office (CBO) in the wake of the law’s enactment. Corporate tax revenues in 2022 are currently … Continue Reading
May 06, 2022
GAO Report Warns of Impact of Growing Interest Rates on Nation’s Fiscal Health
WASHINGTON, D.C. - In its annual report on the “The Nation’s Fiscal Health” released today by the Government Accountability Office (GAO), the agency cited among various concerns the impact of interest rates on the nation’s fiscal health – even acknowledging the risks associated with interest rates climbing to levels higher than current Congressional Budget Office (CBO) projections. GAO’s report comes on the same day that House Budget Committee … Continue Reading
May 05, 2022
As Biden Inflation Crisis Pushes Interest Rates Higher, Smith Details Impact on Federal Budget
WASHINGTON, D.C. - Today, House Budget Committee Republican Leader Jason Smith (MO-08) released a report titled “The Consequences of Higher Interest Rates to the Federal Budget.” The report follows yesterday’s announcement by the Federal Reserve that it is raising the Federal Funds Rate by an additional 50 basis points, the second rate increase since March. The latest Fed actions continue an attempt to curtail the worse inflation crisis in over 40 years, fueled by the trillions in … Continue Reading
April 28, 2022
Smith: Our Economy is Shrinking Under President Biden
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) released the following statement after economic data showed U.S. gross domestic product (GDP) contracted at a 1.4 percent annualized rate during the first three months of the year: “Under President Biden, our economy is now shrinking. Today’s dismal economic report is another alarm bell going off about the damage President Biden’s policies are causing to the American economy and the workers and businesses who … Continue Reading
April 28, 2022
Biden’s Defense Budget Focuses Billions on Climate Change, “Extremism” in the Military, and “Equity” as Border, Inflation, and Global Crises Rage On
WASHINGTON, D.C. – Yesterday, during a hearing of the House Budget Committee with Under Secretary of Defense Comptroller Michael McCord, House Budget Committee Republican Leader Jason Smith (MO-08) criticized President Biden’s fiscal year (FY) 2023 budget for failing to address or take seriously the crises facing the American people – specifically with regards to national defense. During his opening remarks, Smith laid out the misplaced priorities in the … Continue Reading
April 27, 2022
Smith Opening Statement: President Biden's DOD FY23 Budget
As Delivered. Welcome, Under Secretary McCord. Thank you for being here. The last time you were here, America was facing a number of crises - at the border, at the checkout line, at the gas pump. Republicans warned that the agenda President Biden was pursuing would only make these crises worse. Sadly, it turns out that we were right. Prices have spiked to the highest levels in forty years - a 10.4 percent increase since Joe Biden took office. The cost of gas is through the roof - … Continue Reading
April 20, 2022
Biden Spending Billions on Costly Student Loan Waivers, Pushing Bailouts for the Wealthy
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) released the following statement after the Biden Administration waived student loan debts for 40,000 borrowers - at an estimated cost to taxpayers of $3 billion - while erasing three years off of student loan repayment obligations for another 3.6 million borrowers, adding billions more in cost to taxpayers: “President Biden continues to pursue a permanent pandemic narrative at a tremendous cost to American … Continue Reading
April 14, 2022
Biden's FY23 Budget: Border Crisis
WASHINGTON, D.C. - Last month, President Biden released his fiscal year (FY) 2023 budget, which deliberately doubles down on the failed policies that created the worst border crisis in over 20 years. The President’s budget makes cuts to critical agencies responsible for securing the border, even as the Administration prepares to end the Title 42 border policy, which will result in more than double the current number of illegal border crossings per day - projected to reach 18,000. “President … Continue Reading
