U.S. Representative David Schweikert (AZ-01) delivered a speech on the House Floor this week that expanded on the newly-released Republican Response to the 2024 Economic Report of the President. The report found alarming, but not surprising statistics that display the potential devastating effects to the U.S. economy. Aspects of the President’s budget that our Joint Economic Committee analyzed found that deficit growth, rapidly changing demographics, the flawed “tax the rich” solution, and the increasing obesity prevalence in America have contributed severely to America’s fiscal crisis. The report concludes by exploring potential policy solutions that capitalize on the benefits of artificial intelligence and how innovation implementation is actively reducing government bureaucracy.
Press Release
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