Press Releases
Currently showing results related to Spending
Arrington: POTUS Values Government Over Freedom, Safety, Economic Security of His Fellow Americans
WASHINGTON - Chairman Jodey Arrington (TX) delivered the following remarks (as prepared) at a hearing of the House Budget Committee to consider the President’s Fiscal Year 2024 Budget Request: Over the last 2 years, this Administration’s reckless spending and failed economic policies have resulted in continued record inflation, soaring interest rates, and an economy in a recessionary tailspin - with the prospect of a catastrophic debt crisis looming on the horizon. Two years - $10 … Continue Reading
March 17, 2023
Budgets are Priorities, and the President’s Priorities Aren’t Those of the American People
President Biden has repeatedly said, “Show me your budget and I’ll show you your priorities.” After combing through the President’s budget, it is clear that the President has very different values than the American people. The President’s priority isn’t combatting the fentanyl crisis, it’s buying electric vehicles. Grows the EPA, DOE, and other bureaucracies, but cuts DHS by $600M. Spends 3x more on EVs as he does on the combatting the fentanyl crisis. The President’s … Continue Reading
March 16, 2023
Biden’s Budget: A Government That’s Unaccountable
Grows the Bloated Bureaucracy: Expands the EPA with a $1.9 billion (19%) funding increase to hire 2,400 additional EPA employee, growing the agency’s bureaucracy to over 17,000 agents. Fuels climate alarmism with $5 billion to target greenhouse gases, $1.8 billion for environmental justice grants, and nearly $500 million to supercharge enforcement of Green New Deal environmental policies. Spends $130 million to further regulate chemical markets by slapping socialist price controls … Continue Reading
March 15, 2023
Biden’s Budget: A Future That’s Built on Government Dependence
Instead of addressing record inflation, encouraging work, and preventing a recession, Biden’s Budget expands welfare without work incentives trapping a new generation of Americans in poverty and dependence. $2.6 Trillion in New Entitlement Program Spending In fiscal year 2022, the federal government spent $1.19 trillion on more than 80 different welfare programs. That represents almost 20% of total federal spending and a quarter of tax revenues in 2022 or $9,000 spent per American … Continue Reading
March 09, 2023
Biden Budget Top Ten
President Biden’s FY 2024 Budget contains the highest sustained levels of taxes, spending, and deficits in American history: Spending: $82 trillion* or 25 percent of GDP (18% above 50-year average) Taxes: $65 trillion* or 20 percent of GDP (13% above 50-year average) Deficits: $17 trillion* or 5 percent of GDP (44% above 50-year average *over 10 years Saddles more than a million small businesses with higher tax rates, higher payroll taxes, and ends the … Continue Reading
March 09, 2023
Arrington: President’s Budget DOA in Republican House
WASHINGTON - House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement today on President Biden’s Fiscal Year 2024 budget, which was not only submitted late, but is incomplete and missing the supplemental documentation traditionally included to illustrate how the budget would be implemented. “For two years, President Biden went on a massive, nonstop tax and spending spree. His new budget contains the highest sustained levels of taxes, spending, and deficits in … 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 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 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
