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 – 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.
WASHINGTON – Today the U.S. House of Representatives passed H.R. 3971, the Community Institution Mortgage Relief Act of 2017 by a bipartisan vote of 294 to 129. The bill directs the Consumer Financial Protection Bureau (CFPB) to exempt smaller community banking institutions with assets of $10 billion or less, from onerous reporting requirements on escrow and mortgage servicing. Congressman Lou Barletta (PA-11) voted in favor of the legislation.
"The purpose of today’s hearing is to examine the impact of the opioid crisis on economic development in Appalachia.
The opioid crisis has touched the lives of countless Americans. This public health emergency has taken the lives of far too many of our nation’s citizens, and has had significant adverse effects on our economy and labor force participation.
WASHINGTON – It’s been 31 years since the last significant reform to the tax code was undertaken. Today, the U.S. House of Representatives passed H.R. 1, the Tax Cuts and Jobs Act, by a vote of 227 – 205, marking another step forward towards tax cuts for the middle class and businesses. Barletta voted in favor of the legislation.
WASHINGTON – Today Congressman Lou Barletta (PA-11) released the following statement after the House Committee on Ways and Means unveiled the much anticipated tax reform package:
WASHINGTON—Today, Congressman Lou Barletta (PA-11) voted in favor of the Fiscal Year (FY) 2018 budget resolution, which paves the way for tax reform. The resolution, Senate Amendment to H. Con. Res. 71, will activate the budget reconciliation process and allow for passage of tax reform in the Senate by simple majority. The resolution passed the House by a vote of 216 to 212
Back in 1986, Ronald President Reagan reignited the American dream.
Through simplification and reduction, the tax code's suffocation on income and business was lifted, reversing over a decade of stagnation in America.
Nearly 31 years after Reagan's landmark reform, President Donald Trump is leading the fight again.
President Trump knows what will drive economic revival for the people of Pennsylvania.
HARRISBURG – Today, President Donald J. Trump spoke to a full capacity crowd at the National Guard Hanger in Harrisburg International Airport. The speech touted the benefits of tax cuts and reform for the American workers, businesses, and the economy.