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.
Tonight, President Trump stood before the United States Congress and gave a speech long on rhetoric but short on any real policy agenda.
Tonight, President Trump stood before the United States Congress and gave a speech long on rhetoric but short on any real policy agenda.
Just as we predicted, House Republicans are back to the drawing board on their draft reconciliation bill. From the Hill:
“A day after House conservatives panned a leaked GOP draft ObamaCare replacement plan, a top Republican leader on Tuesday described the proposed legislation as ‘no longer even a viable draft that we’re working off of.’”
Tonight, House Republicans voted unanimously to deny the American people access to the secrets hidden in President Trump's tax returns.
The budget proposals released by the Trump Administration today double-down on the rejection of math, economics, and common sense that made Republican budgets unrealistic and ill-conceived over the last several years.
As Congressional Republicans head to Philadelphia today for their three-day retreat, we wanted to be sure you had their updated (and by updated, we mean alternative) itinerary. Check it out here:
Wednesday, January 25, 2017
1:00 PM: How to Take Health Care Away from 30 Million Americans
2:00 PM: Town Hall Survival Guide: Planning Your Escape Route
Yesterday, President Trump issued an Executive Order. He imposed a hiring freeze on the federal workforce.
Today’s report on the budget outlook by the nonpartisan Congressional Budget Office shows that while the actions taken during the Obama Administration are having a positive short-term impact on deficits, our long-term fiscal challenges remain.
Today’s report by the nonpartisan Congressional Budget Office underscores why so many Americans from across the political spectrum are outraged by Republican plans to move forward with a repeal of the Affordable Care Act without a workable replacement.
Yesterday’s analysis by the Office of Management and Budget exposes Republicans’ budget resolution for the gimmick it is: nothing more than a partisan effort to take health coverage away from tens of millions of Americans that never achieves balance and adds $9.5 trillion to our national debt over the next ten years.