Ranking Member Press
Grassley Opening Remarks at Hearing on Tax Revenue and Dodging
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 studying. However, I want to stress that the fundamental problem we have in the federal budget is not one of under taxation, but of overspending. The la… Continue Reading
04.18.23
Credit Suisse Maintained Nazi-Linked Accounts into 21st Century, Subpoenaed Records Show
WASHINGTON, D.C.—Multiple reports shine a new light on Credit Suisse’s historical servicing of Nazi clients and Nazi-linked accounts, which in some cases continued until as recently as 2020. The reports, released by the Senate Budget Committee on Holocaust Remembrance Day, detail a multi-year internal investigation by a forensic research firm retained by Credit Suisse and initially overseen by an Independent Ombudsperson who was inexplicably terminated by the bank during the cou… Continue Reading
03.29.23
Grassley Statement at Hearing on "The Cost of Oil Dependence"
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 chaired the Finance and Judiciary Committees. I’ve seen plenty of problems facing our nation, and most were resolved through bipartisanship. And bi… Continue Reading
03.15.23
Biden’s Budget Brings More Taxes, More Debt, Less Opportunity, Fewer Resources For Essential Government Services
Prepared Statement by U.S. Senator Chuck Grassley (R-Iowa)Ranking Member, Senate Budget CommitteeHearing on the President's Fiscal Year 2024 Budget ProposalWednesday, March 15, 2023VIDEO 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 on our nation’s finances. And I’d like to thank our witness, Director Young, for being here today. Some decades ago when the federal government was… Continue Reading
03.09.23
A Month Late and Trillions Short: Biden’s Budget Charts Unsustainable Course on Federal Spending
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 Grassley issued the following statement: “President Biden’s FY2024 budget proposal is a roadmap to fiscal ruin. From its delayed rol… Continue Reading
03.01.23
Grassley Statement at Hearing on "Rising Seas, Rising Costs"
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 fiscal reality check on the state of our nation’s finances. Grim, dire, bleak. All have been used to describ… Continue Reading
02.15.23
Grassley Statement and Fast Facts on Budget and Economic Outlook
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 two years. Sen. Chuck Grassley (R-Iowa), ranking member of the Senate Budget Committee, issued the following statemen… Continue Reading
02.06.23
Grassley Statement on Biden’s Missed Budget Deadline
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 process to pursue reckless, partisan spending, we should not be surprised at what has become typical irresponsibility. But that does not mean we should le… Continue Reading
08.16.22
Graham Statement on Biden Signing Bill that Increases Taxes, Worsens Inflation, Supersizes IRS
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 our border has been overrun and he created a debacle in Afghanistan. "Now President Biden is promising this massive tax and spendin… Continue Reading
08.12.22
Graham Statement on House Dems Voting to Increase Taxes, Worsen Inflation, Supersize IRS
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 agents to the IRS army. As bad as that is, it's not all the damage they are doing. Liberal Democrats created a new gas t… Continue Reading
08.10.22
Graham Statement on July Inflation
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 tried to order something online and receive it in the same year he placed the order. How out of touch can you be? Sad and dangerous." ####… Continue Reading
08.07.22
Graham on Democrats Voting to Increase Taxes, Worsen Inflation
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 for a weak economy and make the lives of suffering Americans worse. So unnecessary." "I hope the American people realize that no matter how well-meaning my Democra… Continue Reading
08.06.22
Graham Introduces Amendment to Eliminate Dems’ Gas Tax
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 oil refined in America, including domestically produced crude oil, indexed to inflation. This creates new gas taxes for the American consumer in the name of clima… Continue Reading
08.05.22
Manchin-Schumer "...is a complete fraud."
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 cause inflation to rise in 2023. GRAHAM: "This bill is a complete fraud. The Inflation Reduction Act when looked at by t… Continue Reading
08.04.22
CBO Confirms to Graham: Dems’ “Inflation Reduction Act” Won’t Reduce Inflation
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 Tax and Spend bill. "When it comes to the Manchin-Schumer so-called 'inflation reduction' proposal, another sho… Continue Reading
07.31.22
Statement from Senate Budget Committee Ranking Member Graham on Manchin-Schumer Proposal
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 proposal works. To suggest that tax increases and new government spending in the name of climate change won't add to inflation is, at b… Continue Reading
07.29.22
Graham to Manchin: “It’s Never Too Late to Do the Right Thing”
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 projections and analysis. As the Wharton School indicated in their most recent analysis, the so-called 'Inflation Reduction Act' woul… Continue Reading
07.28.22
Graham to CBO: Given Current State of Economy, Evaluate Damage Dems’ Updated Reckless Tax and Spend Bill Could Cause
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 wrote: "The American people and Members of Congress deserve more information before moving forward with this reckle… Continue Reading
07.27.22
Graham Statement on Manchin-Schumer Reconciliation Agreement
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 tax increase in the name of climate change when our economy is in a recession. "I hope that common sense will eventually win the… Continue Reading
07.22.22
Graham Statement on CBO, JCT Confirming True Cost of Dems’ Obamacare Subsidy Expansion
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 of expanding the Obamacare subsidies is almost $250 billion when you exclude the budget gimmicks. "Senator M… Continue Reading
