I have always been a strong supporter of cutting wasteful government spending and making sure that our precious taxpayer dollars are used wisely.
To protect and secure Social Security, pay down the national debt and promote a strong national defense, Congress must balance the need for valuable programs with the need for fiscal responsibility. We can’t afford to continue spending more money than we have.
I also believe that it is necessary to balance the budget without increasing taxes. Tax increases would hurt the District’s job creators and hard-working families whose finances are already stretched thin.
Rather than raising taxes, I will continue to look for ways to get government spending under control and once again balance the federal budget.
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The Subcommittee on State, Foreign Operations, and Related Programs will come to order.
I want to welcome the administrator of the U.S. Agency for International Development, Dr. Shah. Thank you for appearing before the Subcommittee today to provide testimony about the fiscal year 2014 budget request for USAID.
Unfortunately, the Subcommittee has not yet received the Administration’s detailed budget documents so we do not have a lot of information to help us make funding decisions.
The Subcommittee on State, Foreign Operations, and Related programs will come to order.
I would like to welcome Secretary Lew to his first hearing before this Subcommittee. Mr. Secretary, we thank you for appearing today to discuss the budget request for fiscal year 2014 for the Department of Treasury’s international affairs programs.
The funding the Subcommittee will review today is for contributions to international financial institutions, such as the International Monetary Fund and the World Bank as well as for debt relief and technical assistance programs.
We’ve all collected the necessary paperwork from our employers, our banks and others, filled out the complicated tax documents – or more likely, purchased software or hired a professional to fill them out for us – and sent it all in for the IRS to examine.
Filing taxes has become a complex and time-consuming process that takes up more than 6.1 billion hours and over $168 billion in order to complete it every year. It serves as a good reminder of how complicated our tax code really is and why it’s so important that we pass comprehensive tax reform.
WASHINGTON, DC – Representative Kay Granger issued the following statement after President Obama delivered the State of the Union speech.
“Tonight, the President correctly said that across-the-board defense cuts would harm our military readiness and jeopardize our national security, but he did not offer a specific solution to stop these devastating cuts. Today’s nuclear test in North Korea is a reminder of the risks our country continues to face. We must maintain a military capable of responding to serious threats around the world.
The President was on “Meet the Press” this morning, and he used the appearance to cast blame on House Republicans for not reaching a fiscal cliff deal. I wanted you to see Speaker John Boehner’s response to the President’s comments.
I wrote you a couple weeks ago about the status of fiscal cliff negotiations, and I wanted to give you update.
We have just days to reach a compromise if it is to be voted on before Christmas, and less than three weeks before we go over the cliff. The President and the Speaker of the House have been meeting more often, but big questions and big disagreements remain. Time is running short, but I am hopeful that a deal can be reached.
We are 31 days away from the fiscal cliff. Unless Congress acts before January 1, 2013, we will see an expiration of the Bush tax cuts along with major decreases in defense spending and other critical programs. Approximately 90% of Americans would see their taxes increase next year, and over two million jobs could be lost if these spending cuts and tax hikes take effect.