Chairman's Press
Graham: Budget Agency Projects Dim Future If Nothing Changes
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 catastrophic. It can only be solved by both parties working together. "The looming debt to GDP, projected to hit 110 percent by 2032, will crush … Continue Reading
05.25.22
CBO Budget and Economic Outlook Fast Facts
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 by the public will be 110% of gross domestic product (GDP), which will be higher than any point in our nation's history. By 2052, CBO projects public debt w… Continue Reading
05.12.22
Graham: If Democrats Think “Medicare for All” Is So Great, Why Not Vote On It?
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 vote on Medicare for All on the floor of the United States Senate this year… If not, why… Continue Reading
05.12.22
Correct the Record: “Medicare for All” Means Medicare for None
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 in care. Chairman Bernie Sanders (I-Vermont) interpreted a Mercatus Center study, saying that it shows $2 trillion in savings over a decade. The … Continue Reading
04.12.22
Graham on Record High Inflation
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 about everything in America is going up at a record rate and hitting regular working individuals and families hard. Biden's policies are failing … Continue Reading
03.30.22
Graham on the Biden Budget: More Spending, More Taxes, More Debt
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 inadequate and dangerous. When you look at over the next decade how much we spend on defense you have to ask yourself, the thr… Continue Reading
03.28.22
President Biden’s FY23 Budget Fast Facts
WASHINGTON - On March 28, 2022, President Biden released his fiscal year (FY) 2023 budget request. The Biden Budget is more of the same: "Shell games and budget gimmicks" to hide the fact that his plans are costly, unpopular and unrealistic. FAST FACTS on the FY 23 Biden Budget: The Biden Budget is not serious about deficit reduction. In reality, it takes credit for near-term deficit reduction because emergency COVID-19 spending is going to end soon. President Biden's partisan ARP legislatio… Continue Reading
02.01.22
Graham Questions OMB Nominees During Senate Budget Committee Hearing
WASHINGTON - Senate Budget Committee Ranking Member U.S. Senator Lindsey Graham (R-South Carolina) today questioned nominees to be Director and Deputy Director of the Office of Management and Budget (OMB), Shalanda Young and Nani Coloretti. GRAHAM: "When do you expect that we will get the next [Presidential] budget?" SHALANDA YOUNG: "As you know Senator the State of the Union is March 1. It is typical that the State of the Union would lead into a budget. So that is certainly our expectatio… Continue Reading
12.19.21
Statement from Senate Budget Committee Ranking Member Graham
WASHINGTON - Senate Budget Committee Ranking Member U.S. Senator Lindsey Graham (R-South Carolina) today issued a statement after U.S. Senator Joe Manchin (D-West Virginia) announced his decision not to support the Democrats' Reckless Tax and Spend bill, citing recent analysis from the Congressional Budget Office (CBO). "I very much appreciate Senator Manchin's decision not to support Build Back Better, which stems from his understanding of the Congressional Budget Office's analysis of the bill… Continue Reading
12.16.21
Graham: Democrats Misleading American People on True Cost of Reckless Tax and Spend Bill
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today held a press conference with House Budget Committee Ranking Member Jason Smith (R-Missouri) to discuss the Democrats' Reckless Tax and Spend bill. The Congressional Budget Office (CBO) confirmed the true cost of the bill is $4.9 trillion, and it adds $3 trillion in new debt. On budget gimmicks: GRAHAM: "If you really don't want to vote for a bill that adds to the deficit, then you can't vote for Buil… Continue Reading
12.13.21
In Case You Missed It: “‘Fully Paid For’ Is the Lie of the Year”
WASHINGTON - While the Biden Administration and Congressional Democrats continue to haggle over the size of their Reckless Tax and Spend bill, the Congressional Budget Office (CBO) told Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) that without budget gimmicks, the legislation costs $4.9 trillion and adds $3 trillion in new debt. The Wall Street Journal, Editorial: Real Cost of Biden's Spending Plan "Democratic leaders Nancy Pelosi and Chuck Schumer reacted furious… Continue Reading
12.10.21
Graham: Build Back Better Will Be Death Blow To Our Economy
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today held a press conference to discuss the Congressional Budget Office's (CBO) ten-year analysis of certain provisions in the Democrats' Reckless Tax and Spend bill. CBO confirmed the true cost of the bill is $4.9 trillion, and it adds $3 trillion in new debt. GRAHAM: "Soaring inflation and the true cost of Build Back Better are twin daggers aimed at the heart of the American economy." GRAHAM: "Infl… Continue Reading
12.01.21
CBO Commits to Provide “True Cost” Analysis of Reckless Tax and Spend Bill Over Ten Years
WASHINGTON - Senate Budget Committee Ranking Member U.S. Senator Lindsey Graham (R-South Carolina) today issued a statement after the Congressional Budget Office (CBO) committed to providing an extended ten-year analysis of the provisions in the Democrats' Reckless Tax and Spend bill. "I'm very pleased CBO will be scoring Build Back Better on the premise that spending programs and other new programs do not sunset as written. It would be totally irresponsible to debate this bill before CBO's ne… Continue Reading
11.30.21
Graham: Dems’ Reckless Tax and Spend Bill is a Fraud
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today hosted a briefing on the Democrats' Reckless Tax and Spend bill. Senators heard presentations from the Penn Wharton Budget Model and the Committee for a Responsible Federal Budget (CRFB) and participated in a Q&A session. GRAHAM: "I want to put a fine point on this…This whole bill is a fraud." https://youtu.be/YNumeUaZKTw?t=3439 GRAHAM: "Every Republican on [the Senate Budget] Committe… Continue Reading
11.19.21
Graham Statement on House Passage of Reckless Tax and Spend Bill
WASHINGTON - Senate Budget Committee Ranking Member U.S. Senator Lindsey Graham (R-South Carolina) today issued a statement after the House of Representatives passed the Democrats' Reckless Tax and Spend bill. "This House bill, which is a disaster for the American people, is dead on arrival in the U.S. Senate. "It's an inflation bomb for hardworking Americans and a windfall for Blue State millionaires. It dramatically expands government entitlements and raises taxes across the economy. "I rea… Continue Reading
11.18.21
ICYMI: Bipartisanship Achieved! Dems Blast Dems’ Own Tax Proposals: “Bad Policy, Bad Politics”
WASHINGTON - Under the latest version of the Democrats' Reckless Tax and Spend bill, the non-partisan Joint Committee on Taxation (JCT) analysis confirms it gives tax breaks to the wealthy. Democrats are even taking issue with tax provisions their fellow Democrats pushed to include in the multi-trillion dollar bill. FROM THE DEMOCRATS: Chairman of the Senate Budget Committee U.S. Senator Bernie Sanders (I-Vermont): "You can't be a political party that talks about demanding the wealthy pay … Continue Reading
11.17.21
In Case You Missed It: Dems Double Down on Tax Cuts for Millionaires as Inflation Surges
WASHINGTON - As the House of Representatives considers the Democrats' multi-trillion dollar tax and spend proposal this week, the non-partisan Joint Committee on Taxation (JCT) found that the bill would provide almost seventy percent of millionaires with significant tax breaks. JCT's analysis joins with an earlier study by the Tax Policy Center that showed two-thirds of people making more than $1 million would see a tax cut averaging $16,760. Last week Senator Lindsey Graham (R-South Carolina)… Continue Reading
11.15.21
Graham on New Estimate on Budget Gimmicks and Shell Games in Democrats’ Socialist Spending Bill
WASHINGTON - Senate Budget Committee Ranking Member U.S. Senator Lindsey Graham (R-South Carolina) today issued a statement on the Committee for a Responsible Federal Budget's (CRFB) estimate that the Democrats' Reckless Tax and Spend bill would cost $4.9 trillion if certain provisions were made permanent. Graham has previously noted the Reckless Tax and Spend bill includes arbitrary sunset dates for several costly provisions in order to make the cost of the bill appear less expensive. "One of… Continue Reading
11.12.21
Graham on Biden Economic Agenda: Tax Cuts for the Rich, Inflation for the Middle Class
WASHINGTON - Senate Budget Committee Ranking Member U.S. Senator Lindsey Graham (R-South Carolina) today reacted to a report from the Tax Policy Center on the Democrats' tax proposals in the latest version of their Reckless Tax and Spend legislation. Graham noted that under the Biden Administration and Congressional Democrats' plan, changes to the State and Local Tax (SALT) deduction would mean nearly two-thirds of taxpayers making more than $1 million could see an average tax cut of $16,760. … Continue Reading
11.09.21
Smith, Graham Call for CBO Score on True Cost of Democrat Tax & Spending Bill
WASHINGTON - In a letter today to the Congressional Budget Office (CBO), the top Republicans on the House and Senate Budget Committees pushed the agency to provide a true cost estimate of the Democrats' tax and spending reconciliation bill if provisions within the bill were made permanent, as is the intent of Democrats. House Budget Committee Ranking Member Jason Smith (MO-08) and Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) noted that the reconciliation bill includes… Continue Reading