WASHINGTON – Sen. Chuck Grassley (R-Iowa), Ranking Member of the Senate Budget Committee, joined Sen. Mike Lee (R-UT) and 42 Republican senators in committing to oppose increasing the debt ceiling without substantive spending and budget reforms. The notice came in a letter to Senate Majority Leader Chuck Schumer (D-N.Y.). The letter to Schumer is also […]
Prepared Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on “A Rigged System: The Cost of Tax Dodging by the Wealthy and Big Corporations” April 18, 2023 Revenues to the federal government are a fundamental part of the budget and a subject that this committee ought to be […]
Prepared Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing: “Left Holding the Bag: The Cost of Oil Dependence in a Low-Carbon World” March 29, 2023 Mr. Chairman, I’ve had the honor of serving Iowa in the Senate for over 40 years. I’ve been in your shoes when I […]
Prepared Statement by U.S. Senator Chuck Grassley (R-Iowa) Ranking Member, Senate Budget Committee Hearing on the President’s Fiscal Year 2024 Budget Proposal Wednesday, March 15, 2023 VIDEO Mr. Chairman, I appreciate your holding today’s hearing on the President’s fiscal year 2024 budget. I hope that it will be the first of many hearings focused […]
WASHINGTON – On March 9, 2023, President Biden released an overview of his fiscal year (FY) 2024 budget request. The Biden Budget attempts to build on the Administration’s false claims of deficit reduction by repackaging unpopular proposals to raise trillions in taxes to cover its continued reckless spending binge. Senate Budget Committee Ranking Member Chuck […]
Prepared Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Committee on the Budget Hearing on Rising Seas, Rising Costs: Climate Change and the Economic Risks to Coastal Communities March 1, 2023 One week ago, the Congressional Budget Office released its budget and economic outlook. This non-partisan report provides us a much-needed […]
WASHINGTON – The Congressional Budget Office (CBO) today released The Budget and Economic Outlook: 2023-2033. This new report contains CBO’s projections about how the budget and economy will look under existing laws for the next decade. The report also confirmed that the Democrats’ so-called Inflation Reduction Act would in fact add to inflationary pressures over the next […]
WASHINGTON – Sen. Chuck Grassley (R-Iowa), ranking member of the Senate Budget Committee, issued the following statement today after President Joseph R. Biden failed to produce a budget proposal by the statutory deadline. “It’s the first Monday in February and the White House has produced no budget. After two years of abusing the budget […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement after President Joe Biden signed into law the Democrats’ reconciliation bill that will increase taxes, do nothing to fix inflation and supersize the Internal Revenue Service (IRS). “President Biden’s track record is not good. Since he’s been in charge […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement after the House of Representatives passed the Democrats’ reconciliation bill that would increase taxes, do nothing to fix inflation and supersize the Internal Revenue Service (IRS). “Democrats closed the deal on a Manchin-Schumer bill that will add another 87,000 […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement after President Joe Biden made remarks celebrating inflation hitting 8.5% in July. “What world is President Biden living in? Americans continue to suffer under Biden inflation. Clearly, he hasn’t bought any food or filled up a gas tank. He hasn’t […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement after the Senate passed the so-called “Inflation Reduction Act” on a strict party line vote. Senator Graham voted no on the bill. “The Democrats are at it again. Another massive tax and spend bill that will be a disaster […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) introduced an amendment to end the Manchin-Schumer deal’s gas tax, which would raise prices at the pump at the worst possible time for Americans. “This bill imposes a new gas tax of 16.4 cents per barrel on all imported petroleum products and crude […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) called the Manchin-Schumer spending bill “a complete fraud” during an interview with Larry Kudlow on Fox Business Channel. Graham noted that the Congressional Budget Office this week found that the Inflation Reduction Act will have “negligible effect” on inflation this year and may actually […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today released this statement after the Congressional Budget Office (CBO) confirmed the Manchin-Schumer “Inflation Reduction Act” would do nothing to address inflation. Last week, Graham asked CBO about the current fragile state of our nation’s economy and the potential impact of this latest Reckless […]
WASHINGTON – Today Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) made this statement after Senator Joe Manchin (D-West Virginia) appeared on five Sunday shows to tout the Democrats’ tax and spending proposal. “After five TV appearances this Sunday by Senator Manchin, it is clear to me that he doesn’t understand how the Manchin-Schumer […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement on analysis from the University of Pennsylvania’s Wharton School of Business Budget Model on the effect the Democrats’ Reckless Tax and Spend bill would have on inflation. “Joe Manchin used to believe in the Penn Wharton Budget Model regarding economic […]
WASHINGTON – Last night, Congressional Democrats revealed an updated version of their so-called “Build Back Better” legislation. Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today asked the Congressional Budget Office (CBO) about the current fragile state of our nation’s economy and the potential impact of this latest Reckless Tax and Spend bill. Graham […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement on Senator Joe Manchin (D-West Virginia) reaching an agreement with Senate Majority Leader Chuck Schumer (D-New York) on a reconciliation bill that includes climate change policy and more taxes. “I can’t believe that Senator Manchin is agreeing to a massive […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement on analysis from the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) showing Democrats’ proposal to significantly expand Obamacare tax subsidies would add billions of dollars to the federal deficit to the benefit of wealthy Americans. “The true cost […]
WASHINGTON, D.C. – Today, the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) released analysis showing Democrats’ proposal to significantly expand Obamacare tax subsidies would add billions of dollars to the federal deficit to the benefit of wealthy Americans. The analysis was in response to a letter requesting the true cost of […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement on annual inflation hitting 9.1 percent. “Record high inflation is not just a number from a government agency. Inflation is about a deteriorating quality of life for everyday working people in South Carolina and across the United States. “Today’s shocking […]
WASHINGTON – Today, Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) made this statement as Senate Democrats continue to negotiate on a partisan reconciliation bill. “The Democrats’ latest Hail Mary on reconciliation does not pass the smell test. “Raising taxes while we stand on the verge of a recession makes zero sense. Democratic tax […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today commented on President Biden’s fiscal year 2023 defense budget request. Graham questioned Navy and Marine Corps leadership on President Biden’s fiscal year 2023 Navy and Marine Corps funding request and budget justification as a member of the Senate Appropriations Subcommittee on Defense. GRAHAM: […]
WASHINGTON – Today, Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) reacted to the Congressional Budget Office (CBO) Budget and Economic Outlook: 2022-2032. Click HERE to read Fast Facts on CBO’s analysis. “CBO’s budget analysis of the coming decade in terms of national debt to GDP and interest on the debt is devastating and […]
WASHINGTON – Today the Congressional Budget Office (CBO) released The Budget and Economic Outlook: 2022-2032. This new report contains CBO’s projections about how the budget and economy will look under existing laws for the next decade. FAST FACTS on the CBO Budget and Economic Outlook: Record debt will only get worse. By 2032, debt held […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today participated in a hearing Chairman Bernie Sanders (I-Vermont) called to discuss the budgetary effects of his “Medicare for All” proposal. GRAHAM: “Medicare for All really becomes Medicare for Nobody over time.” https://youtu.be/8Yb5MC3eGC4?t=174 GRAHAM: “You have control of the Senate floor. I welcome a […]
WASHINGTON – Democrats have consolidated power in Washington and the world is on fire. Instead of taking responsibility for their poor policy choices, Democrats are intent on spending more and saving less. This latest push from liberal Democrats on so-called “Medicare for All” would mean the end of private health insurance, higher taxes and delays […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement on inflation hitting 8.5 percent in March. “Just when you think it can’t get worse, it does. Biden inflation is at record levels and Americans are suffering. Fuel prices are up. Prices at the grocery store have skyrocketed. The price of just […]
WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today gave an opening statement and questioned Director of the Office of Management and Budget Shalanda Young on President Joe Biden’s fiscal year 2023 budget request. On The Inadequate Biden Defense Budget: GRAHAM: “The budget regarding the defense needs of this country is woefully […]