Press Releases
Smith, Stefanik, McHenry Introduce REIN In Inflation Act
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08), House Republican Conference Chairwoman Elise Stefanik (NY-21) and House Committee on Financial Services Republican Leader Patrick McHenry (NC-10) today introduced the Reduce Exacerbated Inflation Negatively Impacting the Nation (REIN IN) Inflation Act. This bill would require the administration to publish the inflationary impact of executive actions before enacting them. “The Congressional Budget Office has … Continue Reading
July 13, 2022
As Biden’s Inflation Crisis Pushes America Toward Recession, Democrats Scheme on Higher Taxes & More Spending
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) released the following statement after the Consumer Price Index showed inflation at a forty-year high of 9.1 percent and rising 13.8 percent since President Biden took office: “President Biden’s inflation crisis is sending America hurtling towards a recession after turning the American Dream into an unaffordable nightmare for working families. The latest data shows inflation at a forty-year high of 9.1 percent, … Continue Reading
June 30, 2022
Having Sparked the Worst Inflation in 40 Years and Billions in Waste, Biden Administration Continues Big Spending with American Rescue Plan Funds
WASHINGTON, D.C. - Last month, a 2nd tranche worth $105 billion from the American Rescue Plan went out to states and localities. From early reports of how states and localities are planning to spend this second wave of federal tax dollars, it appears that Washington Democrats have not learned anything. Even after the American Rescue Plan ignited the highest inflation in 40 years, the Biden Administration is still shoveling more money out the door for states and localities to waste and … Continue Reading
June 29, 2022
Smith-Carter Op-Ed: Fix Biden's border crisis by building the wall
By Rep. Jason Smith and Rep. Buddy Carter Fox News $350 million worth of steel border wall, bought and paid for by American taxpayers, is wasting away in a lot in McAllen, Texas, under supervision of taxpayer-funded guards. If this sounds illegal, it’s because it is. We saw it with our own eyes earlier this month during a Congressional visit to the U.S.-Mexico border. Under President Trump, Congress approved, in a bipartisan manner, funding for hundreds of miles of border wall … Continue Reading
June 23, 2022
CBO Confirms: Biden’s Biggest Executive Actions Come with $532 Billion Price Tag
WASHINGTON, D.C. – House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement after the Congressional Budget Office (CBO) – in a response to a request from Smith – provided budgetary analysis of several executive actions taken by President Biden that combined will cost taxpayers $532* billion: “It turns out even with one-party Democrat control of Congress, President Biden has found a way to secretly spend hundreds of … Continue Reading
June 21, 2022
Following Visit to Southern Border, Budget Republicans Demand Answers from Biden Administration on Continued Freeze of Border Wall Construction Funds
WASHINGTON, D.C. – Today, Republican members of the House Budget Committee sent a letter to Shalanda Young, Director of the White House Office of Management and Budget (OMB), demanding answers from the Biden Administration on why it continues to illegally freeze funding for construction of a wall along the southern border. In their letter, the Republican members outline how the Biden Administration’s claim that its decision to freeze $1.4 billion in border wall … Continue Reading
June 16, 2022
Smith Op-Ed: Biden's Deficit Deceit
By Rep. Jason Smith Washington Examiner At the beginning of the Biden administration, Washington Democrats insisted it was necessary to spend trillions of dollars to jump-start the economy and combat COVID, despite analysis from the Congressional Budget Office that showed the economy was well on its way to recovery. In just a few short months after Democrats enacted $2 trillion in deficit spending, prices began to spike, the purchasing power of paychecks shrank, and supply chains … Continue Reading
June 15, 2022
Smith: Biden’s Inflation Crisis Pushing Fed to Hike Interest Rates at Fastest Pace since 1981
Washington, D.C. - Today, House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement after the Federal Reserve raised the Federal Funds Rate by an additional 75 basis points, the third rate increase since March. “Despite being warned about the inflationary impact of their spending agenda, President Biden and Washington Democrats turned a blind eye to the pain they were about to unleash on the American people. They rammed through their $2 trillion partisan … Continue Reading
June 14, 2022
House Budget Committee Hearing Exposes How American Rescue Plan Ignited Inflation, Reduced Real Wages, and Wasted Billions
WASHINGTON, D.C. – Today, the House Budget Committee held a hearing on the Democrats’ $2 trillion American Rescue Plan Act which further exposed how that law ignited inflation, reduced real wages, and wasted billions of taxpayer dollars. In his opening statement, House Budget Committee Republican Leader Jason Smith (MO-08) showed how the American Rescue Plan has failed the American people across multiple fiscal and economic indicators: “So, what did American families get? … Continue Reading
June 13, 2022
VIDEO: The Cost of Biden's Border Crisis to Taxpayers
WASHINGTON, D.C. - House Budget Committee Republican Leader Jason Smith (MO-08) released a video today documenting the cost of Biden’s Border Crisis to the American taxpayer that Smith and a group of Republican members recently investigated during a trip to the southern border – the largest group of Members of Congress to visit the southern border since President Biden took office. “As the lead Republican on the House Budget Committee, it is my job to investigate where and … Continue Reading
June 10, 2022
Smith: Biden Gambled with the American Economy and the American People Are Paying for His Loss
WASHINGTON, D.C. - Today, House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement after the Consumer Price Index showed inflation remaining at a forty-year high of 8.6 percent, and rising 12.2 percent since President Biden took office: “As difficult as it may be for Treasury Secretary Yellen to admit she was wrong about inflation, it has been far more painful for the average American who has filled up their gas tank or purchased groceries in the last 16 … Continue Reading
June 03, 2022
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
