Fiscal Responsibility

Over the years, Democrats have shown our commitment to restoring fiscal responsibility by taking actions that have reduced our national deficit while investing in the American people’s priorities.

Over the years, Democrats have shown our commitment to restoring fiscal responsibility by taking actions that have reduced our national deficit while investing in the American people’s priorities. During the 117th Congress, House Democrats delivered the landmark Inflation Reduction Act, which will reduce the deficit by over $300 billion while lowering health care and energy costs and taking action on climate change. In sharp contrast, Republicans jammed their 2017 Trump Tax Scam through Congress without a single hearing, gifting trillions of dollars in unpaid-for tax handouts to the wealthiest Americans and large corporations while leaving our nation with ballooning deficits. They have repeatedly held our economy hostage to benefit their irresponsible ideological agenda, whether creating artificial “fiscal cliffs,” shutting down the government, or bringing our nation to the brink of defaulting on its obligations. With other landmark legislation delivered during the 117th Congress, including the American Rescue Plan, the Bipartisan Infrastructure Law, and the CHIPS and Science Act, Democrats have worked to invest in economic recovery, job creation, all while cutting the deficit in half last year. Democrats are committed to continuing our work to restore sound, long-term fiscal management so future generations can afford to invest in opportunities, secure the American Dream, and ensure workers have the tools to Make It In America.

Fiscal Responsibility Related
GOP Quote of the Day
Remember when Republicans claimed to be the party of fiscal responsibility?
The biggest losers? American workers.
We’re all for smart enforcement actions against unfair trade practices, but President Trump’s actions to date have completely missed the mark.
Hoyer Statement on the Congressional Budget Office's Long-Term Budget Outlook
The Congressional Budget Office’s (CBO) long-term outlook shows for the first time the consequences beyond the ten-year budget window of the Republican-led Congress’s tax breaks for the wealthiest.
SMH.
SHOT:
 
Hoyer: This Rescissions Package Is A Sham
First, let me say, I heard the Gentleman from Georgia’s argument that this money wasn't needed.  I heard that argument a month ago: Ebola money was not needed.  Guess what?  Ebola money was needed.
Hoyer Statement on the Social Security and Medicare Board of Trustees Report
It is alarming to learn that Medicare will become insolvent in 2026, just eight years from now and three years earlier than previously projected, and that Social Security’s total cost will exceed its total income this year for the first time since 1982, scheduled to become insolvent in 2034.
Hoyer: The Trump Administration Seems to Be Doing the Best Job at Making the Argument Against Its Own Rescissions Proposal
The Trump Administration seems to be doing the best job at making the argument against its own rescissions proposal.  After an outbreak demonstrated the importance of emergency ebola funding, it dropped its request to rescind those funds. 
“The country’s debt load is seen spiraling”
Today’s can’t miss headline: U.S. Lifts Debt Sales as Deficit Grows, Plans 2-Month Bills
 
House Democrats Conclude Third Make It In America Listening Tour
Last week, I completed my third Make It In America Listening Tour with stops in Madison, and Eau Claire, Wisconsin along with Reps. Mark Pocan and Ron Kind.
Hoyer: Republicans’ Balanced Budget Amendment Is A Sham, A Fraud, A Pretense of Fiscal Responsibility
I thank the Speaker. I thank the Chairman. Ladies and gentlemen, I rise today not so much to oppose this legislation, as to deride it, as a sham. As a fraud. As a pretense of fiscal responsibility.