Press Releases
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
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
