Skip to Content

Budget and Tax Reform

f t # e
 
As American families face financial challenges and work to balance their checkbooks, the federal government should be doing the same.   

Much of the economic turmoil gripping our nation is the result of government spending beyond its means.  America needs leaders who abide by principles of sound fiscal management, not those who rush massive, wasteful legislation which excuses waste and exposes taxpayers to fraud and abuse. As a strong fiscal conservative, I will continue to oppose unnecessary federal spending and higher taxes and will support responsible long-term solutions to shrink the national debt and restore fiscal sanity to this country.


 

That is why I became a cosponsor of H.R. 3, the Spending Cuts to Expired and Unnecessary Programs Act.  This bill cut $15 billion in unused funds.  This bill rescinded funding that is not needed for its intended purposes, or that has been sitting unused within agencies for years and return it to the American taxpayer.

Washington owes the American people a responsible, balanced budget that offers a long-term solution for reining in federal spending and reforming mandatory spending to keep programs such as Medicare strong. Republicans in Congress continue to adopt budgets that would balance in 10 years, fostering a healthier economy and helping create jobs.

Runaway programs that spend more than Congress ever anticipated continues to be a problem.  That is why I introduced H.R. 3719, the Spending Safeguard Act.  This commonsense legislation would help reign in new programs that spend far beyond what was originally budgeted, helping protect essential programs like Social Security and Medicare. 

I have long advocated for a fairer, simpler and lower taxes on American families and job-creators.  That’s why I strongly supported H.R. 1, the Tax Cuts and Jobs Act.  This commonsense, historic piece of legislation helped Americans from all walks of life by creating jobs, bolstering paychecks, slashing tax burdens and repatriating American earnings.

America previously had one of the worst tax codes in the industrialized world for businesses. By reducing tax rates for businesses large and small, our bill leveled the playing field and made America the jobs magnet of the world.  H.R. 1 also threw out special-interest loopholes and consolidated deductions.  Most importantly, the Tax Cuts and Jobs Act lowered individual tax rates for low- and middle-income Americans and eliminated excessive, costly taxes. That means you get to keep more of your hard-earned paycheck.  

To learn more about my support for tax reform, please visit https://fairandsimple.gop/

Legislation pertaining to the Budget sponsored, co-sponsored, or supported by Rep. Foxx in the 115th Congress: 
H.R. 3719: Spending Safeguard Act
H.R. 3: Spending Cuts to Expired and Unnecessary Programs Act

If you would like any more information about this or any other issue, please don’t hesitate to contact me.

f t # e
 

Connect with Me

Back to top