Issue Position: Budget and Tax Reform

Issue Position

As American families face financial challenges and work to balance their checkbooks, the federal government should be doing the same. Unfortunately, federal spending has continued to grow at an unsustainable rate. Instead of reining in wasteful, unnecessary spending, President Obama and the Democrat Senate have proposed increasing taxes to force the

American people to pay for wildly expensive federal policies, such as ObamaCare.

Much of the economic turmoil gripping our nation is the result of government spending beyond its means. Washington has tried unwise taxpayer funded bailouts, poorly thought-out stimulus proposals and higher taxes to pay for more reckless government spending. This has to stop!

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.

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. House Republicans alone have put forth a plan, The Path to Prosperity, to balance the budget in 10 years that will foster a healthier economy and help create jobs. I am proud to cosponsor this budget.

Foxx legislation pertaining to the Budget (sponsored, co-sponsored, or supported by Rep. Foxx):

H.R. 25: The Fair Tax Act

H.Con.Res. 25: Fiscal Year 2014 Budget, setting forth appropriate budgetary levels for fiscal years 2015 through 2023.

H.R. 282: REFUND Act

H.R. 325: No Budget, No Pay Act

H.R.807: Full Faith and Credit Act

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