Economy & Spending
Our nation faces a serious debt problem. There is no question that the federal government is on an unsustainable spending spree. Our national debt is more than $16 trillion — higher than any time in American history, and growing. Every child born today already owes more than $53,000 to our government's creditors.
Across Pennsylvania and our nation, families and businesses operate under a budget. They are forced to live within their means. I believe that the government must scale back its spending and draft its budget the same way millions of American families do each and every day.
I support a balanced budget and a Balanced Budget Amendment, which would prohibit the federal government from spending more money than it takes in. This would require the president to submit an annual balanced budget to Congress. The president and the Senate have no plan to balance the budget.
In a related manner, I have been working to reduce the size, scope, and spending of the Legislative Branch. In the 112th Congress, with my support, Congressional staff salaries and office expenses were reduced by over 10.5 percent. Additionally, in 2011, 2012, and 2013, I supported and helped pass into law pay freezes for Members of Congress.
If we are serious about achieving long-term fiscal responsibility, we must address fiscal accountability. We must target government spending.
More on Economy & Spending
WASHINGTON – Yesterday, the U.S. House of Representatives passed H.R. 1116, the TAILOR Act by a vote of 247 to 169. The bill replaces the onerous one-size-fits-all regulatory compliance burden for smaller community banks and credit unions with a regulatory approach that fits their business models and needs. Congressman Lou Barletta (PA-11) voted in favor of the legislation.
WASHINGTON – Today the U.S. House of Representatives voted on a bipartisan budget package, which reverses the defense sequester by allowing for $700 billion in defense spending for Fiscal Year 2018 (FY18) and $716 billion in defense spending for FY19. The budget deal also includes a $46 billion increase in non-defense spending in FY18 and FY19 to be used for National Institutes of Health (NIH) research, the opioid epidemic, mental health programs, and reducing the Veterans Administration healthcare maintenance backlog. Rep.
WASHINGTON – Today the U.S. House of Representatives voted on a Continuing Resolution to fully fund the U.S. military and keep the government open through March 23, 2018. Federal programs would be funded at current levels, but additional provisions were included to extend funding for community health centers, Teaching Health Center Graduate Medical Education, and other critical health programs for two years. The measure also fully funds the military at $659.2 billion for the remainder of the fiscal year. Rep.
WASHINGTON – Congressman Lou Barletta (PA-11) released the following statement after the Senate passed a funding bill to reopen the government:
WASHINGTON – Congressman Lou Barletta (PA-11) released the following statement after Senate Democrats voted against a government funding measure and the longest extension of the Children’s Health Insurance Program (CHIP) in the program’s history.
WASHINGTON – Today, the House of Representatives passed a short-term funding bill to extend government funding through February 16, 2018 at current levels. Congressman Lou Barletta (PA-11) supported the bill which passed by a vote of 230 to 197.
WASHINGTON – Today, the U.S. House of Representatives passed H.R. 2954, the Home Mortgage Disclosure Adjustment Act by a vote of 243 to 184. Congressman Lou Barletta (PA-11), voted in support of the legislation.
WASHINGTON – Today, Congressman Lou Barletta (PA-11), along with several members of the Pennsylvania delegation, joined President Donald J. Trump at H&K Equipment Company in Pittsburgh to discuss the widespread benefits seen following the historic passage of the Tax Cuts and Jobs Act.
WASHINGTON – Today the U.S. House of Representatives voted on a package (House amendment to the Senate amendment to H.R. 1370) to keep the government open through January 19, 2018. Federal programs would be funded at current levels, but additional funding would be provided for the Children’s Health Insurance Program (CHIP) and the Veterans Choice Program. The measure also temporarily extends government surveillance programs. Rep. Lou Barletta (PA-11) voted in favor of this legislation, which passed by a vote of 231 to 188.
WASHINGTON – It’s been 31 years since the last significant reform to the U.S. tax code was undertaken. Today, the U.S. House of Representatives passed the conference committee report on H.R. 1, the Tax Cuts and Jobs Act, by a vote of 227 to 203, cementing a once in a generation win for the American people. Barletta voted in favor of the legislation.