Biden's Economic Crisis

House Republicans are fighting against the Biden Administration’s new Socialist tax, which unfairly penalizes creditworthy homebuyers, with H.R. 3564, the Middle Class Borrower Protection Act of 2023. The Biden Administration’s new tax not only endangers our already fragile housing economy, but places a burden on hard working Americans who want to purchase a home.   HOW H.R. 3564,… Read more »

Thanks to Speaker McCarthy, House Republicans secured a $28 billion boost from last year to ensure our military is fully funded and ready to respond to any threat. The Fiscal Responsibility Act will provide $886 billion for our men and women in uniform. Defense spending is crucial for maintaining our national security and projecting strength on the world… Read more »

The Congressional Budget Office (CBO) confirmed on Tuesday that the Fiscal Responsibility Act is the largest spending cut that Congress has ever voted for in history. According to the CBO, the Fiscal Responsibility Act would reduce the deficit by $2.1 trillion over 6 years.    This bill will also claw back tens of billions in unspent COVID funds, make the… Read more »

House Republicans drove the public narrative around the debt ceiling negotiations between President Biden and Speaker McCarthy, and the result is a historic series of wins for the American people.  The Fiscal Responsibility Act is already being hailed as a massive victory for Republicans by the media. The Wall Street JournalEditorial Board noted that “by staying united, the… Read more »

Speaker McCarthy and House Republicans will restore fiscal sanity and hold Washington accountable with the Fiscal Responsibility Act. This legislation, which was only possible because House Republicans acted responsibly to pass a plan and force President Biden to the negotiating table, is being reported as a “Republican victory” consisting of “historic reductions in spending”… Read more »

For the last several months, House Republicans have been disciplined, focused, and unified.  We remain the only ones who have passed legislation to LIMIT Washington's irresponsible spending, SAVE taxpayer dollars, GROW the American economy and raise the debt ceiling to avoid a default on our debt. Now, extreme Democrats who spent that time refusing to negotiate or offer a… Read more »

Speaker McCarthy continues to lead President Biden to the table for discussions to address the debt crisis and responsibly raise the debt ceiling, but President Biden should have engaged in these meetings months ago. We are now 10 days out from a Biden Default on the national debt because for over 100 days President Biden refused to address the looming debt ceiling… Read more »

President Biden is now threatening to use the 14th Amendment to raise the debt ceiling after wasting over 100 days refusing to sit down and negotiate with Speaker McCarthy.    MAKE NO MISTAKE: The 14th Amendment grants the President no authority. Any attempt by the President to use the 14th Amendment to raise the debt ceiling would create a… Read more »

A new Axios-Ipsos poll found that the overwhelming majority of Americans support House Republicans' workforce requirements for able-bodied individuals.    According to the poll:    “Overall, 63% strongly or somewhat support requiring Medicaid or SNAP recipients to show proof of work to receive benefits. 66% of independents and 49% of Democrats back… Read more »

Yesterday, Speaker McCarthy met with President Joe Biden, Senator Chuck Schumer, and Senator Mitch McConnell at the White House regarding responsibly raising the debt ceiling. House Republicans remain the only ones who have passed legislation that would raise the debt ceiling and take default off the table while simultaneously addressing our nation's debt crisis.  MAKE NO… Read more »