Budget and Spending

Last week, President Biden released his $7.3 trillion budget for Fiscal Year 2025. Once again, the President’s budget promotes overspending and an increase in taxes that will only enhance inflation and limit economic growth.   By setting the stage for $1.6 trillion in deficit spending per year, the President’s plan will cause the debt to grow from $34,500,000,000,000 today… Read more »

Today, Congressman Bill Huizenga released the following statement after voting to strengthen border security, increase troop pay, and keep the government funded. “If Republicans would have stuck together at the start of this funding debate, I am convinced we would have secured a better agreement,” said Congressman Bill Huizenga. “Considering we are five months into the fiscal year, it… Read more »

Last night, Congressman Bill Huizenga responded to President Biden's State of the Union Address. In the video, Huizenga discusses how the President's speech was a narrowly tailored campaign speech rather than a unifying speech. Huizenga disputes the President Biden's take on the economy, the border, as well as overall safety as it pertains to rising crime rates. Huizenga also notes that… Read more »

Recently, our national debt crossed a stunning $34,000,000,000,000.  While some “debt deniers” in Washington seek to ignore the threat this massive number poses, it is undeniable that seniors, our children, grandchildren, and future generations of Americans will be impacted in the absence of solutions.   Last fiscal year, interest payments on the debt alone totaled a whopping… Read more »

Today, the House Budget Committee successfully passed Congressman Huizenga’s Fiscal Commission Act. The bipartisan Fiscal Commission Act was introduced in September by Rep. Bill Huizenga (R-MI) and Rep. Scott Peters (D-CA). With our nation over $34 trillion in debt, Congressman Huizenga has reached across the aisle and the Capitol to build a bipartisan coalition of Republicans and… Read more »

Last week, I testified before the House Budget Committee on my Fiscal Commission Act. I introduced this bipartisan bill in September as a way to get our nation's fiscal house in order. With our national debt now at $33.8 trillion and climbing, just the interest we pay on the debt already exceeds everything the federal government spends on children, and within 3 years, is projected to… Read more »

Today, Congressman Bill Huizenga (R-MI) testified before the House Budget Committee on the need to get our nation’s fiscal house in order and how his bipartisan legislation, the Fiscal Commission Act of 2023, is the best path forward. During his testimony, Huizenga addressed the looming 23% cut to Social Security and the 11% cut to Medicare coming in the next decade if Congress fails to… Read more »

Today, Congressman Bill Huizenga (R-MI) announced the introduction of the Grant Reform and NIH Transparency (GRANT) Act. The GRANT Act requires the National Institutes of Health (NIH) to establish and maintain a Database of Denials for each research proposal that is denied a grant or other award Nearly 83% of NIH’s $48 billion budget goes to fund research through its grant program. This… Read more »

Lately, there has been so much focus on rancor in Washington. This holiday season, I thought I would try something different. In the spirit of Thanksgiving, I wanted to share with you some of the people I am thankful to serve with in Congress who work tirelessly to make America the best that it can be. I am thankful to serve with… Rep. Young Kim (R-CA), a fellow member of the Financial… Read more »

Recently, Energy Secretary Jennifer Granholm announced the U.S. would purchase up to 6 million barrels of oil at a costly $79 per barrel to replenish the Strategic Petroleum Reserve (SPR). Unfortunately, this is a problem of the Administration’s own making.   In March 2020, President Trump moved to buy oil for the SPR when the price was around $24 per barrel, but Democrats blocked… Read more »