Budget & the Deficit
Government overspending is creating a huge burden of debt that threatens the economic well-being of our children. Our national debt now exceeds a record-breaking $26 trillion, saddling every adult and child in America with liabilities of over $67,000.
Arizona families understand the need for budgetary restraint as do households all across the nation. One of my top priorities is to protect citizens from unnecessary and wasteful government spending and force Washington to live within its means. Asking Americans to accept increases in the debt limit instead of removing the hundreds of billions of dollars of redundant, duplicative waste among government agencies is irresponsible.
I believe the government’s bad habits can be turned around with intelligent discretionary-spending reforms. The Government Accountability Office and the Congressional Budget Office have both identified billions of dollars of waste that could be eliminated to make programs and services more efficient and deliver tax dollars where they are truly needed. I continue to support such reforms to rein in Washington's spending problem.
You can find a copy of one of my recent floor presentation on the budget here.
More on Budget & the Deficit
WASHINGTON, DC - Today, Congressman David Schweikert (AZ-06) offered three amendments to the House Rules Committee to improve the flawed $1.9 trillion spending bill that includes COVID-19 relief set forth by House Democrats. The amendments as introduced would:
WASHINGTON, DC - Today, Congressman David Schweikert (AZ-06) re-introduced the Invest Now Act, legislation that would promote long-term economic growth by encouraging individuals to immediately purchase real estate, stocks, bonds and other forms of property. The Invest Now Act would temporarily reduce the capital gains rate to 5 percent for assets purchased in 2021 amid the COVID-19 pandemic.
WASHINGTON, DC - Today, Congressman David Schweikert (AZ-06) received an award for his fiscally responsible voting record and efforts in Congress to improve the Nation’s fiscal situation by the the Campaign to Fix the Debt, a group affiliated with the Committee for a Responsible Budget.
WASHINGTON—House Speaker Paul Ryan (R-WI) today announced his appointees to two bipartisan, House-Senate select committees, including a panel that will pursue reforms to the budget and appropriations process.