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 – 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.
Hazleton – Congressman Lou Barletta (PA-11) today announced that a local fire department in Newville, Pennsylvania has received a federal grant to help with recruitment and deployment capabilities. The Penn Township Volunteer Fire Company will receive a grant of $182,045 from the Staffing for Adequate Fire and Emergency Response (SAFER) program.
HAZLETON – Today, Congressman Lou Barletta applauded President Donald Trump’s remarks in Springfield, Missouri, during which the president spoke about his plan to implement a sweeping overhaul of the broken federal tax code.
WASHINGTON – Congressman Lou Barletta (PA-11) today voted for legislation to end too big to fail, taxpayer-funded bank bailouts, remove burdensome and duplicative regulations on small businesses, and relieve restrictions on community banks and credit unions that make it harder for people to buy cars, own homes, and provide for their families. The Financial CHOICE Act, H.R.
WASHINGTON – Congressman Lou Barletta (PA-11) today released the following statement in response to President Donald J. Trump’s announcement that the United States will withdraw from the Paris climate agreement:
WASHINGTON – The U.S. House Ways and Means Committee today passed legislation introduced by Congressman Lou Barletta (PA-11) to stop fraud in the distribution of health care tax credits and protect taxpayer dollars.
A 2016 Senate Committee on Homeland Security and Governmental Affairs report revealed that, under Obamacare, $750 million in taxpayer-funded health care subsidies went to people who did not qualify for those benefits.