Spending Cuts and Debt
Our nation is nearly $20 trillion in debt and out-of-control Washington spending has no end in sight. This immoral debt burden threatens the kind of country that we leave behind for our children and grandchildren. I am committed to balancing our budget and ending the borrow-and-spend cycle that has gone on for too long in Washington.
In Congress, I proudly cosponsored a Balanced Budget Amendment to the U.S. Constitution and, as a member of the House Budget Committee, co-authored budget proposals that slash more than $5 trillion in federal spending to balance our books within ten years – all without raising taxes.
Beyond these steps, I believe there are three key actions Congress must take to return our nation to a point of fiscal solvency:
Return to Regular Order: This means passing an annual budget and each of the requisite funding bills by October 1 of each year. Bloated, catch-all “omnibus” measures make it easier to hide unnecessary spending and open up bureaucracies to greater waste and abuse. Conversely, passing individual appropriations bills will better position Congress to evaluate each government agency on its merits so that we can move any dollar and cut any dollar where appropriate.
Enact Zero-Based Budgeting: This budgeting practice would force every agency to justify its spending by starting with a budget of zero and working up from there. It would give us a fuller, more accurate picture of the federal budget by putting every cost on the table to be reviewed for relevancy and effectiveness each year. This will position Congress to achieve real spending cuts rather than just slowing the rate of growth in government spending. Zero-based budgeting exists throughout the private sector and it can work in Washington too – that’s why I’m cosponsoring the ZERO Act, legislation to implement this budgeting practice throughout the federal government.
End the Practice of Blank Checks to Raise the Debt Ceiling: In Congress, I have voted against every blank check to raise the federal debt ceiling. A decision to raise Congress’ borrowing authority without any budgetary reforms or spending cuts guarantees that the government will arrive in the exact same position sooner rather than later. Congress should instead leverage these opportunities to demand real cuts and engage in an honest conversation about federal spending.
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More on Spending Cuts and Debt
Washington, DC – Today, U.S. Congressman Diane Black (R-TN-06), a member of the U.S. House Budget Committee and the Ways and Means Committee, released the following statement after the introduction of the House Republican Fiscal Year 2019 budget resolution:
By now, you’ve heard “fairer, flatter, simpler” repeated over and over. It was our goal with the Tax Cuts and Jobs Act to reform an outdated tax code that – over the last three decades – had become absurdly complicated and no longer worked for our economy.
We wanted to rebuild confidence in our private sector. We wanted to bring back America’s competitive edge by giving job creators freedom from punishing high taxes – and we did just that. This is the most optimistic the business community has been since the financial crisis.
Washington, D.C. – Chairman Diane Black joined Maria Bartiromo today on “Mornings with Maria” to discuss the Budget, tax reform and her reaction as a nurse to the tragedy in Las Vegas. Click here or on the image below to view the full interview.
To watch Congressman Black’s remarks on the House floor, click HERE or the image above
Washington, D.C. – Today, Congressman Diane Black (R-TN-06), a member of the House Budget Committee, released the following statement in response to President Obama’s budget proposal for Fiscal Year 2017:
Washington, D.C. – Today, Congressman Diane Black (R-TN-06), a member of the House Ways & Means Committee and Budget Committee, voted against the $1.1 trillion omnibus spending bill for Fiscal Year 2016. The legislation passed over Congressman Black’s objections by a vote of 316 to 113. Black released the following statement:
Washington, DC– Today Congressman Diane Black (R-TN-06), a member of the House Budget Committee, voted against H.R. 1314, the Bipartisan Budget Act of 2015. Black released the following statement:
To watch Congressman Black’s remarks at the reconciliation markup, click HERE or the image above.
Watch Congressman Black’s remarks HERE or by clicking the image above
Watch Congressman Black’s remarks at the budget conference committee HERE or by clicking the image above.