Chairman Arrington on Maria Bartiromo’s Wall Street: “We Need to Start Bending the Curve on Spending and Bring the Deficit Down”
WASHINGTON, D.C. – House Budget Committee Chairman Jodey Arrington (R-Texas) joined Maria Bartiromo’s Wall Street on the Fox Business Network to discuss the House-passed budget resolution, which delivers on President Trump’s full America First agenda, and the next steps in the reconciliation process.
Watch Chairman Arrington’s full interview on Fox Business HERE.
Find highlights of key moments below.
CHAIRMAN ARRINGTON ON THE HOUSE-PASSED FY25 BUDGET RESOLUTION
“We should clear the path for this bigger budget reconciliation bill that will advance the America First agenda; that will be locking in the tax cuts, opening up domestic energy production, rolling back the barrage of regulations and bending the curve on mandatory spending that’s driving us to the edge of a sovereign debt crisis. In addition, it gives the monies and tools for the President to secure the border and strengthen our military so that the full enchilada of the America First agenda is wrapped in that resolution.”
CHAIRMAN ARRINGTON ON EXTENDING THE TAX CUTS AND JOBS ACT
“If the Tax Cuts and Jobs Act would expire, it would be a 22 percent increase on average taxpayers. You’d have 40 million families have the Child Tax Credit cut in half, and you’d have 26 million small businesses not receive the 20 percent deduction pay at the highest rate. So, they would receive a tax hike. Unacceptable.
“Our families need relief. Small businesses need relief. And we need to stimulate economic growth. So, tax cuts are a central piece of the economic agenda. And that’s why this resolution, which has the budget targets, needs to be adopted by the Senate. We can hash out policy differences driven by the committees. But this fiscal framework does everything to ignite the pro-growth, pro-worker, pro-energy agenda of President Trump. It gives him the security resources and does it in a fiscally responsible way.”
CHAIRMAN ARRINGTON ON BALANCING THE BUDGET
“Well, I have a ten-year balanced budget that my Budget Committee and I have worked on for two years now. That saves $14 trillion over ten years. So, as the Budget Chairman and a fiscal hawk, I can always come up with more savings. But you're not going to dig out of this debt hole in one reconciliation bill. We need a meaningful step forward to reignite growth, and to start bending the curve on spending, and bring the deficit down, and the debt-to-GDP...You have to start reining in the reckless, out-of-control, wasteful spending that is fraught in this federal government of ours.”
CHAIRMAN ARRINGTON ON PRESIDENT TRUMP'S USE OF TARIFFS
“The President acknowledges some disruption on the front end. We saw that in his first term. But we got the largest purchase agreement from China on ag and energy product. We got a reset with five of our biggest markets, so that we were competing on an even playing field, and everybody won as a result. Wages went up, manufacturing activity increased, and our economy was growing. So, this is part of that America First agenda.”
MORE FROM THE HOUSE BUDGET COMMITTEE
Read Chairman Arrington’s statement echoing President Trump’s call to balance the federal budget HERE.
Read Chairman Arrington’s statement on the House passing its Trump-endorsed budget resolution HERE.
