Press Releases
Currently showing results related to Spending
Committee Leaders Blast Biden-Harris Administration’s Social Security Rulemaking Costing Taxpayers Nearly $40 Billion
WASHINGTON, D.C. - Four finalized rules from the Social Security Administration (SSA) are the latest examples of the Biden-Harris Administration’s expansion of federal power at a substantial cost to taxpayers, write House Budget Committee Chairman Jodey Arrington (R-TX), House Ways and Means Chairman Jason Smith (R-MO), Work and Welfare Subcommittee Chairman Darin LaHood (R-IL), Social Security Subcommittee Chairman Drew Ferguson (R-GA), and House Budget Committee Oversight Task Force Chair … Continue Reading
October 18, 2024
CBO Confirms: Biden-Harris Thrifty Food Plan Defied Congressional Intent and Reduced Labor Force Participation
WASHINGTON, D.C. - Yesterday, the nonpartisan Congressional Budget Office (CBO) released its analysis of the impact the Biden-Harris Administration’s unilateral expansion of the Supplemental Nutrition Assistance Program (SNAP) has had on labor force participation. Based on CBO’s estimates, the TFP increase ($300 billion over the next decade) likely lowered the work effort of those receiving benefits. Studies show lower labor force participation results in lower economic growth and delivering … Continue Reading
October 10, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss Offsetting the $1.8 Trillion Deficit and Reining in Out-of-Control Spending
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Larry Kudlow and chief economist at America First Policy Institute (AFPI) Michael Faulkender to talk about President Trump’s economic plan, balancing the budget, and the Biden-Harris’s failed economic policies. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on President Trump's Economic Plan: “We have a blueprint to put the … Continue Reading
October 09, 2024
Chairman Arrington Joins Squawk Box to Sound the Alarm on America’s $1.8 Trillion Budget Deficit
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined “Squawk Box” on CNBC to sound the alarm on America’s unsustainable $1.8 trillion budget deficit, discuss the challenge the government faces in reducing wasteful spending, and stress the dire need for President Trump’s proposed government efficiency commission. Watch Chairman Arrington’s full interview on CNBC HERE. Find highlights of key moments below: Chairman Arrington on the Deficit: "At some … Continue Reading
October 08, 2024
KAMALANOMICS IS FAILING: New CBO Report Shows Record High Spending, Interest Costs
WASHINGTON, D.C. - Today, the non-partisan Congressional Budget Office (CBO) released its final monthly budget review for the fiscal year 2024. This report underscores the economic hardship incurred underneath the Biden-Harris Administration has resulted in the third highest deficit in American history. According to the report, both revenues and spending are higher than last year. However, the gap between the two has widened, substantially growing our national debt. Some key number breakdowns … Continue Reading
October 03, 2024
CBO Confirms: Biden-Harris Election Year Medicare Cost-Shifting Policy Will Cost Taxpayers Billions
WASHINGTON, D.C. - Yesterday, the nonpartisan Congressional Budget Office (CBO) released its analysis of a newly announced Biden-Harris program intended to paper over the flaws of the so-called “Inflation Reduction Act” (IRA). Based on CBO estimates, this election-year stunt to artificially lower the cost of seniors’ Part D premiums will cost taxpayers at least $7 billion in 2025, including $2 billion in additional interest on our already ballooning debt. If implemented as planned, this … Continue Reading
September 10, 2024
KAMALANOMICS: What Does Vice President Kamala Harris Truly Believe?
WASHINGTON, D.C. - During her tenure as a United States Senator, Kamala Harris supported and advocated for the implementation of economic policies that would decimate America’s workforce and torpedo the economy. Fast forward to the recently unveiled Harris-Waltz economic proposal, Vice President Harris continues to advocate in favor of policies that would further stifle American prosperity. The Penn Wharton Budget Model analyzed the Harris-Walz economic plan and reported some alarming … Continue Reading
August 21, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss the Effects of Kamalanomics on Middle-Class Working Families
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Kudlow guest host David Asman and author and economist Steve Moore to talk about the continued effects of Kamalanomics and the weight middle-class Americans have to burden under the Biden-Harris economy. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on AOC Claiming Harris is a Middle-Class Champion: “She’s the chief … Continue Reading
August 17, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss the Effects of the Democrats’ ‘Inflation Reduction Act’
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Larry Kudlow’s Show on Fox Business to talk about the damaging effects of the Democrats’ so-called ‘Inflation Reduction Act’ (IRA) and how to rein in the federal government’s wasteful spending. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on Effects from Inflation Reduction Act: "Let’s [Biden-Harris Administration] put the … Continue Reading
August 16, 2024
Chairman Arrington Joins America’s Newsroom on Fox News to Discuss the Second Anniversary of the ‘Inflation Reduction Act’
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined Bill Hemmer and Dana Perino’s show America’s Newsroom on Fox News to talk about his Op-Ed on the second anniversary of the Democrats’ ‘Inflation Reduction Act’ (IRA) and Vice President Kamala Harris’ economic policy plans. Watch Chairman Arrington’s full interview on Fox News HERE.Find highlights of key moments below: Chairman Arrington on the 'Inflation Reduction Act': "Vice President Harris was the … Continue Reading
August 15, 2024
Chairman Arrington on the Two-Year Anniversary of the Democrats’ So-Called ‘Inflation Reduction Act’
WASHINGTON, D.C. - Tomorrow, August 16, 2024, marks the second anniversary of the ‘Inflation Reduction Act’ (IRA) becoming law. Despite claims by Democrats, the IRA did not reduce inflation or the national deficit. On the contrary, the IRA’s massive spending caused inflation to rise and projected 10-year deficits are over $6 trillion higher than when the IRA passed. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on this unfortunate milestone: Chairman … Continue Reading
July 29, 2024
DON’T CALIFORNIA MY AMERICA: The Cost of California Policymaking
WASHINGTON, D.C. - Last week, President Joe Biden announced he is not seeking another four years in office and intends to pass the torch to his Vice President and Open-Border Czar, Kamala Harris, a Democrat from California. We often hear that California, if it was its own country would rank 5th in GDP. That’s why California’s policy blunders are particularly damaging. Understanding these failures is crucial if we are to avoid making similar mistakes on the national level. Their progressive … Continue Reading
July 11, 2024
Op-Ed, Washington Examiner: The Debt and Interest Albatross
WASHINGTON, D.C. - House Budget Committee Member Blake Moore (R-UT) is Sounding the Alarm on the fastest-growing part of our national debt: interest payments. Congressman Moore outlined hidden interest in an article in the Washington Examiner, highlighting how it is now the largest contributor to our national debt- exceeding infrastructure, education, healthcare, and national defense spending. Congressman Moore in the Washington Examiner: Via the Washington Examiner: “As we celebrated … Continue Reading
June 28, 2024
FACT CHECK: The Truth About Biden’s Failed Presidency
WASHINGTON, D.C. - Last night, President Biden and President Trump participated in the first presidential debate of the year. President Biden tried to paint a picture that his presidency has been good for the American people, but that couldn’t be further from the truth. The House Budget Committee is here with the facts on last night’s claims by President Biden. Read what he got wrong below and follow along for the truth. Economy: President Biden misled the American people about the pain … Continue Reading
June 27, 2024
Bureau of Economic Analysis: GDP Growth for Q1 a Low 1.4 Percent
WASHINGTON, D.C. - Today, the Bureau of Economic Analysis (BEA) released its final estimate for economic growth in the first quarter (Q1) of 2024. The report found that real U.S. Gross Domestic Product (GDP) grew by just 1.4 percent. This finding underscores that President Biden’s failed economic policies have been a disaster for the economy. Chairman Arrington's Statement on GDP Growth: House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on GDP growth for … Continue Reading
June 24, 2024
CBO and JCT Confirm the Debt-Driving Cost of Biden’s Plan to Permanently Expand Obamacare Subsidies for the Wealthy
WASHINGTON, D.C. - Today, Congressional Budget Office (CBO) Director Phillip Swagel and Joint Committee on Taxation (JCT) Chief of Staff Thomas Barthold responded to a letter sent by House Budget Committee Chairman Jodey Arrington (R-TX) and House Ways and Means Committee Chairman Jason Smith (R-MO), which requested a comprehensive analysis of the budgetary effects of making permanent the enhanced Obamacare subsidies - as called for in President Biden’s budget - which have gone to some of the … Continue Reading
June 18, 2024
Congressional Budget Office Updates Baseline: Deficit Spending is 27 Percent Higher Than Previously Estimated
WASHINGTON, D.C. - Today, the Congressional Budget Office (CBO) released its updated budget projections for fiscal years (FY) 2024-2034. This is an update to its February baseline. CBO’s report helps Congress understand the fiscal and economic challenges facing the country. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on CBO’s updated baseline: “CBO’s June revised baseline could be the final budget outlook of fiscal year 2024 and its findings are … Continue Reading
June 14, 2024
House Budget Committee Holds Hearing to Sound the Alarm on Looming Medicare and Social Security Insolvency
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) and members of the Committee held an oversight hearing entitled “Medicare and Social Security: Examining Solvency and Impacts on the Federal Budget.” This was the first time since 2012 that the chief actuaries for the Centers for Medicare and Medicaid Services (CMS) and the Social Security Administration (SSA) testified together to Congress. This was also the first time the current chief actuary for CMS … Continue Reading
May 21, 2024
What they are Saying: H.R. 8195, the Strengthening Administrative PAYGO (SAP) Act of 2024
WASHINGTON, D.C. - Last week, H.R. 8195, the “Strengthening Administrative PAYGO (SAP) Act of 2024” was reported by the House Budget Committee to the House with a favorable recommendation by a vote of 16-9. “The SAP Act,” sponsored by Oversight Task Force Chair Jack Bergman (R-MI) and Chairman Jodey Arrington (R-TX), would provide transparency on unchecked administrative spending by ensuring the Executive Branch is held accountable when issuing costly executive actions. “The SAP Act” has the … Continue Reading
May 17, 2024
Chairmen Arrington, Smith Request Budgetary Analysis of Biden Plan to Permanently Expand Obamacare Subsidies for the Wealthy
WASHINGTON, D.C. - House Budget Committee Chairman Jodey Arrington (R-TX) and House Ways and Means Committee Chairman Jason Smith (R-MO) sent a letter to Congressional Budget Office (CBO) Director Phillip Swagel and Joint Committee on Taxation (JCT) Chief of Staff Thomas Barthold requesting a comprehensive analysis of the budgetary effects of making permanent the enhanced Obamacare subsidies - as called for in President Biden’s budget - which have gone to some of the nation’s highest … Continue Reading
