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.
More on Budget
By Chris Vaughn
FORT WORTH -- Gov. Rick Perry and U.S. Reps. Kay Granger and Joe Barton promised a hangar full of National Guard troops Wednesday that they will continue their knockdown fight with the Air Force over plans to move eight C-130 Hercules aircraft from Fort Worth to Montana.
This past summer, Congress took serious steps toward addressing the nation’s skyrocketing national debt. After weeks of tough negotiations, we reached an agreement that would begin to take us in the right direction – cutting over $900 billion immediately and forming a Super Committee to find an additional $1.2 trillion in cuts.
WASHINGTON, D.C. – Today Congresswoman Granger attended President Obama’s State of the Union Address to a joint session of Congress. “It is clear tonight the President and his Administration’s policies have failed and Americans are the ones suffering the most in this distressed economic time.
The United States has one of the highest corporate tax rates in the world. With the size of our economy it is hard to believe that we tax our entrepreneurs so much more than in other countries such as China, Brazil, and Israel. But because businesses today are so global, there is more choice on where a company can operate and where they can keep their profits.
The bipartisan Super Committee is working on cutting at least $1.2 trillion from the federal budget. By law, if the Super Committee does not complete its work by Thanksgiving, an automatic, across-the-board cut called ‘sequestration’ will be triggered in January 2012.
If sequestration occurs, our national security and defense capacity will be at risk. Cuts will be so severe that in one year, the Pentagon budget will be reduced by $105 billion or 18 percent. Over nine years, those cuts will total $1.1 trillion.
The bipartisan Joint Select Committee on Deficit Reduction – better known as the “Super Committee” – is in full swing. The committee has met twice so far, and just held their first hearing on Tuesday. They have their work cut out for them over the next few months. Here are some important dates to keep in mind as the Super Committee does its work:
November 23: Deadline for Super Committee to vote on legislative proposals
December 2: Deadline for Super Committee to formally submit legislation to Congress
For the month of August, Congress is out of session for an extended District Work Period. During this time, I have had the opportunity to visit various facilities, meet with community leaders, and speak with constituents representing a wide variety of groups, industries, and interests in the 12thdistrict.
This is the final in a series of email newsletters explaining the different parts of the Budget Control Act, which was signed into law last week. This e-newsletter focuses on the Balanced Budget Amendment (BBA) part of the legislation.
As you might recall, House Republicans passed the Cut, Cap and Balance Act in late July, which included a BBA. Unfortunately, that bill was immediately killed when it reached the Senate. The Budget Control Act gives the BBA a chance of moving through the House and the Senate and then on to the states for ratification.
I have heard from many friends and constituents with questions about the new Budget Control Act. This bill is so important, I want to clear up any misinformation and make sure you have the facts. That’s why I’m going to send you a series of email newsletters explaining the different parts of this legislation.
America has had enough. Enough reckless, wasteful spending. Enough piling up more and more debt. You deserve to know the truth about America’s budget, and it’s my responsibility to make sure you have the real information. No budget tricks, no more gimmicks, and no more empty promises.
FACT: As of July 28, our nation’s total debt stands at over $14.3 trillion. (Source: U.S. Treasury)
FACT: In 2010, the government received about $2.3 trillion in total tax revenue. (Source: Internal Revenue Service)