When then Senator Obama was running for president, he pledged to cut the deficit in half, yet the national debt has more than doubled since he took office. On February 13, 2012, President Obama released his FY2013 budget request. His $3.8 trillion budget proposal for FY2013 marks the fourth straight year of a projected deficit over $1 trillion. It increases spending, taxes, and the deficit. On Wednesday, March 28, 2012, the House unanimously rejected President Obama's FY2013 budget proposal by a vote of 414-0.
Each year, Congress is responsible for setting the federal budget and appropriating funds for all government functions. It has been nearly three years since the Senate has passed a federal budget. The last time the Senate passed a budget was on April 29, 2009, when the total national debt was $11.15 trillion. Today, the total national debt is $15.2 trillion.
Debt of this level will stifle our economic growth. The solution for reviving our economy is straightforward: cut job-destroying government spending to allow employers to create jobs.
For more information on the House Republicans' Budget Resolution, the Path to Prosperity: A Blueprint for American Renewal, click here.
More on Budget
Washington, DC – Today Congressman Smith voted for a balanced budget amendment (H.J. Res. 2) to the Constitution to restore fiscal responsibility and accountability to federal government spending. The proposal for a balanced budget amendment did not pass in the House with a vote of 233-184.
WASHINGTON – Today Congressman Lamar Smith (TX-21) voted in support of the final Tax Cuts and Jobs Act, which raises take-home pay and creates jobs. The bill passed 227-203.
Rep. Smith: “Today we kept our promise to the American people by passing pro-family, pro-growth tax reform for working Americans. The Tax Cuts and Jobs Act is the biggest update to the tax code in more than 30 years. The bill creates jobs, reduces taxes and gives bigger paychecks to families.
Washington, DC – Today Rep. Lamar Smith (R-TX) voted in support of the final budget for FY2018 (Senate Amendment to the FY2018 Budget Resolution) which establishes the budget for the United States government for fiscal year 2018 and sets budget levels for the next ten years. The budget passed by a vote of 216-212.
Washington, DC – Today Rep. Lamar Smith (R-TX) voted in support of H. Con. Res. 71, which establishes the budget for the United States government for fiscal year 2018 and sets forth budget levels for fiscal years 2019 through 2027. The budget passed by a vote of 219-206.
Washington, DC – Congressman Lamar Smith (TX-21) released the following statement today after the Administration released the Fiscal Year 2018 budget.
Rep. Smith: “President Trump is keeping his promises to build a strong military, secure the border, cut taxes and lower deficits. The President’s plan balances budget and reins in federal spending programs that ballooned under the Obama administration.”
U.S. Rep. Lamar Smith made his way to San Marcos Wednesday to visit with constituents and deliver an update on what is happening in Washington.
This is not unusual for Smith, as he visits the Record at least twice a year — even in the years, like this one, that he isn’t running for re-election. These visits are not only informative, but also greatly appreciated by the journalists and management of this newspaper.
Washington, DC – Congressman Lamar Smith (R-Texas) today released the following statement after voting in support of the National Defense Authorization Act for fiscal year 2017, which passed in the House of Representatives by a vote of 277-147.
Congressman Lamar Smith (R-Texas) today released the following statement after voting in favor of S. Con. Res. 11, the FY2016 Budget Resolution, a bill substantially similar to the balanced budget the House approved just weeks ago.
Congressman Smith: “This is the first time in six years that the House and Senate have come together to pass a budget. Fixing our broken system starts with balancing our budget, establishing priorities and reining in out-of-control spending. That is exactly what this bill does.
Congressman Lamar Smith (R-Texas) released the following statement in recognition of today’s federal tax filing deadline and in support of several tax measures expected to pass in the House of Representatives this week.
Congressman Smith: “Today is tax day, a day that many Americans have come to fear and loathe. As the current administration has drastically increased spending, many on the left have demanded more and more taxes to pay for this excessive spending.
Congressman Lamar Smith (R-Texas) today released the following statement after voting in favor of H.Con. Res. 27, A Balanced Budget for a Stronger America, which passed in the House of Representatives:
Congressman Smith: “For the sixth year in a row, President Obama has handed Congress a tax-and-spend, big-government budget that never balances. It ignores our growing national debt and punishes hard-working taxpayers.