Oversight
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
11.04.21
Graham: “I Will Do Everything I Can To Stop” Dems’ Reckless Tax and Spend Bill
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today spoke with members of the media about the Democrats' Reckless Tax and Spend bill. GRAHAM: "This reconciliation bill is a fraud. It's going to be pouring gasoline on the inflation problems we have in the country and it rewards special interests at the expense of the public. I take issue with both the process and the substance." On process: GRAHAM: "This train is moving so fast in the House. The… Continue Reading
11.03.21
Graham on Democrats’ Sweetheart Union Deal Disguised as Electric Vehicle Tax Credit
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement on Democrats' touting a sweetheart union deal in the form of an additional $4,500 tax credit for people who buy electric vehicles made by unions, which they hope to include in the reckless taxing and spending bill. "Electric cars have the potential to be a major low carbon solution in the transportation space. However, the Democrats' proposal penalizes people for buying electric vehic… Continue Reading
11.02.21
In Case You Missed It: New Penn Wharton Model Estimates Democrat Spending Bill Price Tag More than Double
WASHINGTON - While the Biden administration and Congressional Democrats continue to haggle over the size of their reckless taxing and spending bill, new estimates show that Democrats are using budget gimmicks to hide the real price tag. New budget models from the University of Pennsylvania's Wharton School of Business show that the taxing and spending bill put forth by the White House and Congressional Democrats will cost nearly $4 trillion, more than double the bill's reported cost. The Penn … Continue Reading
11.01.21
Graham: We Need to See True Cost for Democrats’ Reckless Taxing and Spending Bill
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement after Senator Joe Manchin (D-West Virginia) expressed concerns over House Democrats trying to vote on their Reckless Taxing and Spending bill without knowing the true cost of the bill. "To my House Democratic colleagues: I hope you understand that without a CBO score a reconciliation bill will not move forward in the Senate. "Reconciliation rules exist for a very good reason. They gi… Continue Reading
10.07.21
Graham: “I don’t understand why we’re folding here.”
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made these comments on raising the debt ceiling. GRAHAM: "I don't understand why we [Republicans] are folding here. For two months Republicans have been saying Democrats want to spend $3.5 trillion without any Republican input. If they are going to do that -- they need to raise the debt ceiling on their own. This is just a mistake." GRAHAM: "Democrats are spending the money by themselves throu… Continue Reading
10.06.21
Statement from Senate Budget Committee Ranking Member Graham
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement. "I worked with my Democratic colleagues to spend trillions of dollars to fight COVID because it was necessary. I worked with my Democratic colleagues to produce an infrastructure bill dealing with America's roads, bridges, ports, and other vital infrastructure because I viewed it as necessary. "However, I do not support the Democrats' reconciliation package and I do not support ra… Continue Reading
09.19.21
Graham Statement on Parliamentarian’s Guidance on Democrats’ Plan to Grant Legal Status to Illegal Immigrants in $3.5 Trillion Tax and Spend Plan
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement on the Senate Parliamentarian's guidance that will not allow Democrats' to grant legal status to illegal immigrants in their massive tax and spend bill. "I'm very glad to hear that the Parliamentarian provided guidance to the Senate that granting legal status to illegal immigrants is not a proper use of the reconciliation process. "Having worked on several comprehensive immigration r… Continue Reading
08.10.21
Graham Amendment to Democrats’ Reckless Tax and Spend Agenda Would Improve Broken Asylum System
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today introduced an amendment to the Democrats' fiscal year 2022 budget resolution to improve our broken asylum system. "The asylum system is being abused. This wave of illegal immigration will never stop unless we fix our laws. "Hundreds of thousands of people are flocking to the United States and applying for asylum fraudulently. Smugglers and cartels benefit greatly from these loopholes. My amendment is a … Continue Reading
08.10.21
Graham Hammers Democrats’ Reckless $4.2 Trillion Tax and Spend Spree Ahead of Vote-A-Rama
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today spoke on the Senate floor ahead of the "vote-a-rama" on the Democrats' fiscal year 2022 budget resolution, which paves the way for more government, more taxes and higher prices. GRAHAM: "The question I have for my Democratic colleagues: how much will gas prices go up if this bill becomes a reality? How much will your heating bill go up because you shut down supply? How has there been an increase of a … Continue Reading
08.09.21
Notes on the Democrats’ Reckless Tax and Spend Spree: FY 2022 Budget Resolution
For the second time this year, the Democrat Majority is bypassing the Budget Committee to vote on a budget resolution. This time it is to allow for a $3.5 trillion spending spree. This plan, arriving just a few months after Democrats added $2 trillion to the debt by passing a liberal wish list without a single Republican vote, will unlock a massive expansion of the federal government and raise taxes on American families and businesses. The Reckless Tax and Spend Plan (Table A) includes: $4.2… Continue Reading
07.14.21
Graham Statement on Senate Democrats’ $3.5 Trillion Tax and Spend Plan
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement on Senate Democrats agreeing to a $3.5 trillion reconciliation price tag for their fiscal year 2022 budget resolution. If passed, the budget resolution will pave the way for liberal Democrats to raise taxes, spend recklessly and further damage our economy. "The $3.5 trillion tax and spend package being proposed by Senator Schumer and other Democrats is using infrastructure as an excus… Continue Reading
06.08.21
Graham on Biden Budget: "This tax and spend budget will break the back of our economy."
WASHINGTON - Today, Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) made an opening statement at a hearing on President Biden's Fiscal Year 2022 budget proposal. • GRAHAM: "This budget I think is blind to the world in which we live in, in terms of military threats. It has an approach to the role of the federal government that will destroy free enterprise. It will create a tax and spend policy in perpetuity. It will make it very hard for the next generation of Ameri… Continue Reading
05.28.21
Fast Facts on the Impacts of the Biden Budget
On May 28, 2021, President Biden released his first budget, which focuses on new spending proposals while shortchanging America's national defense and ignoring our government's massive overspending and more than $28 trillion in national debt. Fast Facts on the Impacts of the Biden Budget over the Next 10 Years The Biden Budget sets a new record for debt as a share of the U.S. economy. By fiscal year 2031, the debt would equal 117% of gross domestic product (GDP), shattering a previous recor… Continue Reading
05.28.21
Senate Budget Ranking Member Graham on President Biden’s Budget
WASHINGTON - Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) today made this statement on President Biden's budget for Fiscal Year 2022. "President Biden's budget is dead on arrival - just like all other presidential budgets. "It is insanely expensive. It dramatically increases nondefense spending and taxes. Over time it will result in a weakened Department of Defense. "There will be serious discussions about government funding. But the Biden budget isn't serious and … Continue Reading
05.24.21
CBO to Budget Ranking Member Graham: Democrats’ Spending Spree Shatters Previous Deficit, Debt Outlook
WASHINGTON - Recently Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) wrote to the Congressional Budget Office (CBO) asking for the budgetary impact of enacting the American Rescue Plan Act and the types of additional spending increases proposed by President Biden, as compared to CBO's February 2021 projections. CBO found that over the next decade, deficits would rise by $7.6 trillion to a total of $22.1 trillion, and debt held by the public will surge to $42.9 trillio… Continue Reading
05.24.21
Eakinomics: A Budget Preview
by Douglas Holtz-Eakin
This Friday, May 28, the Biden Administration will release its budget, the first comprehensive look at the budgetary and economic implications of the American Rescue Plan (ARP), American Jobs Plan (AJP), and American Families Plan (AFP). Releasing it on a Friday before a holiday weekend, however, leaves the impression that the administration is trying to avoid scrutiny and not proud of its policies. Fortunately, the Congressional Budget Office (CBO) this past Friday released the pithily titled … Continue Reading
