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. 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.
While glaringly short on detail, today’s release by the Trump Administration of its discretionary budget proposals makes clear what we suspected to be true: a Trump budget would embark on the most radical disinvestment in America we’ve ever seen.
With the debt limit reinstated at midnight, it is critical that Democrats and Republicans in Congress work together to pass a clean debt limit extension before the Treasury Department’s extraordinary measures are exhausted.
House Democratic Whip Steny H. Hoyer (MD) sent a letter today to Speaker Paul Ryan (R-WI) urging Republican leadership to respect the role of the Congressional Budget Office as an independent and nonpartisan arbiter, and urge their members to do the same.
No matter how Republicans try to spin it, the Congressional Budget Office (CBO) score released today makes clear that the American people will have to pay more for less under their plan.
The February report from the Bureau of Labor Statistics, showing a gain of 227,000 private sector jobs last month, is a strong sign that the Obama recovery was a resounding success when it comes to job creation.
Under the regular order that Speaker Ryan promised would govern the House on his watch, the proper procedure is for a committee markup on major legislation to take place after the Congressional Budget Office (CBO) has had an opportunity to analyze it and release an estimate of its cost and economic impact.
It’s taken seven years to see the Republican plan to repeal the Affordable Care Act, and it’s no wonder they’ve kept it hidden from the American people for so long. Check out how much MORE American families will have to pay (for less coverage, of course) both today and in 2020, according to an analysis from Vox:
This week, President Donald Trump addressed a Joint Session of Congress.
Don’t just take our word for it – a look at the headlines shows that we aren’t the only ones who thought the President’s speech was long on empty rhetoric and short on substance:
Roll Call: In Joint Address, Trump Offers Congress Few Policy Details
I don't know what's going to happen because the Republicans have been talking about that for six years, about how they want to repeal the Affordable Care Act.