Oversight

04.26.23

Grassley Opening Remarks At Budget Hearing On “Health Costs Of Climate Change”

Prepared Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on “Under the Weather: Diagnosing the Health Costs of Climate Change” April 26, 2023 VIDEO Last week’s hearing on tax policy was really refreshing. Revenues are a critical part of the federal budget, and we should remain very focused on the pressing fiscal issues facing our country. Our Republican colleagues in the House introduced legislation to lift the debt ceil… Continue Reading

04.18.23

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

03.22.23

Grassley Discusses Biden Budget At Fourth Budget Committee Hearing On Climate Change

Prepared Statement by U.S. Senator Chuck Grassley (R-Iowa) Ranking Member, Senate Budget Committee Hearing titled “Risky Business: How Climate Change is Changing Insurance Markets Wednesday, March 22, 2023 The audience for today’s hearing on private insurance is different than last week’s hearing on the President’s 2024 Budget. As such, I would like to recap what we heard last week at our first, and only, budget centric hearing this Congress. What we received… 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

03.08.23

Grassley Discusses Federal Budget At Budget Hearing On Wildfires

Prepared Statement by Senator Chuck Grassley (R-Iowa)Ranking Member, Senate Committee on the BudgetHearing titled “A Burning Issue: The Economic Costs of Wildfires”March 8, 2023 Mr. Chairman, tomorrow the President will submit a portion of his 2024 Budget to Congress. Like his first two Budgets, this one will arrive over a month late. When the President’s budget is delayed the Congressional process is held up. A delayed process postpones when appropriators and aut… 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

02.23.23

Grassley: Joe Biden And I Fought Deficit Disaster Together As Senators. Four Decades Later, We Need Fiscal Sanity

by Sen. Chuck Grassley

In 1984, when faced with $200 billion deficits and a national debt nearing $2 trillion, an emphatic Democrat Sen. Joe Biden warned of "economic disaster" unless Congress took "dramatic actions on deficits right now." He was advocating for a government-wide spending freeze - a bipartisan proposal that he and I led to restore fiscal restraint to the federal government. Today, our total national debt has surpassed $31 trillion - 15 times larger than 1984. Our public debt as a share of our econ… 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

02.15.23

Grassley: Returning to Regular Order is Critical to Restoring Fiscal Sanity

Prepared Statement by U.S. Senator Chuck Grassley (R-Iowa) Ranking Member, Senate Budget Committee Hearing on Climate-Related Economic Risks and Their Costs to the Federal Budget and the Global Economy Wednesday, February 15, 2023 VIDEO Mr. Chairman, I’m pleased to be here with you for our inaugural hearing as Chair and Ranking Member of the Budget Committee. Despite our political differences, I know we can find common areas of agreement to work on together. One area … 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