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Currently showing results related to Tax
Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families
WASHINGTON, D.C. - House Budget Committee Chairman Jodey Arrington (R-TX) along with Ways and Means Committee Chairman Jason Smith (R-MO) issued the following statement after the Congressional Budget Office (CBO) issued their latest Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget, which includes CBO’s estimation of the budgetary and economic impact of making the 2017 Trump tax cuts permanent: “While the Congressional Budget Office provides a valuable … Continue Reading
August 16, 2023
Chairman Arrington on Anniversary of the Democrats' ‘Deficit Production Act’
Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on the anniversary of the Inflation Reduction Act: “Happy anniversary to the wealthy EV owners, green energy corporations with over $1 billion in profit, and the Chinese who are making tens of billions from supplying critical minerals to the U.S.--compliments of the hard-working, taxpaying Americans who can’t even afford gas or groceries for their families."Background: The IRA's … Continue Reading
June 22, 2023
Chairman Arrington Delivers Opening Statement at Hearing on Growth and Taxes
Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered the following remarks at a hearing entitled, "Reigniting American Growth and Prosperity: Incentivising Economic Excellence Through Tax Policy." "This hearing is the second in a series on growth entitled, 'Incentivising Economic Excellence Through Tax Policy.'"Economic growth and prosperity, I believe, is the tide that lifts all boats with more and better jobs, higher wages and income, lower unemployment, lower … Continue Reading
April 18, 2023
Every Day is Tax Day in Biden’s America
WASHINGTON - House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on Tax Day about the record taxes proposed by President Biden’s budget proposal. “In Biden’s America, every day is Tax Day. From weaponizing the IRS to choke American energy production, to hiring 87,000 IRS agents to shake down hardworking Americans, to proposing a budget with the highest sustained levels of taxes, Biden has an unquenchable thirst for taxing the American people. Biden’s FY24 … 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
March 06, 2023
The Past is Prologue: Record of Raising Taxes
When asked what he we would do differently the next two years, President Biden responded, “nothing.” It's safe to say the President’s Budget will include more of the same tax policies that have increased the burden on working- and middle-class American families, added an army of new IRS agents, targeted small businesses, employers, and investment in the future for higher taxes, all while creating new giveaways for special interests. Tax Increases on Working and Middle Class Americans … Continue Reading
March 06, 2023
The Past is Prologue: A Tragic, Shakespearean Spending Story Authored by the Biden Administration
History destined to repeat itself is best defined by the Shakespearean euphemism, “what’s past is prologue.” And unfortunately, President Biden’s spending habits have become the embodiment of this cautionary tale. It’s as if, “rinse and repeat” appear at the end of every Biden budget and include more taxes, more spending, and more borrowing from our children to pay for it all. When asked recently if he would do anything differently while saddling our nation with five trillion dollars in … 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 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
