As Americans struggle to pay skyrocketing prices at the store and feel historic pain at the pump, President Biden’s proposed budget will make every crisis facing American families, job creators, and workers even worse.
This budget will spend $73 trillion over the next decade, which would grow America’s debt to a shocking $45 trillion by 2032. To pay for this reckless spending, taxes on families would increase by $1 trillion, and taxes on job creators would increase $1.5 trillion. This budget would be funded by the highest sustained tax burden in our nation’s history. BIDEN’S BUDGET BY THE NUMBERS: - Deficits: $14.4 trillion in deficits over 10 years. The deficit exceeds $1 trillion every year. Deficits average 4.7 percent of GDP a year, the highest sustained level in American history.
- Debt: $16 trillion of new debt over 10 years. The national debt reaches $45 trillion by 2032 (121% of GDP)
- Spending: $73 trillion of spending over 10 years, 66 percent higher than the average of the last 10 years. This is $8 trillion above CBO’s most recent projections. Spending averages 23.4 percent of GDP over the next 10 years, the highest sustained spending burden in American history.
- Taxes: $58 trillion of taxes over 10 years. $2.5 trillion above CBO’s most recent projections. The budget proposes taxes to amount to 18.8 percent of GDP over the next 10 years, which is the highest sustained tax burden in American history.
- Inflation: Does not accurately reflect current trends in inflation. Inflation is increasing by 8 percent so far this year, but the budget makes the ridiculous claim that under the president’s policies it will end up at only 4.7 percent in 2022—a figure that could only be reached if inflation averages about 2 percent for the rest of the year. Unfortunately, that will not happen under these reckless spending proposals.
- Weak Growth: Only assumes average growth over the next 10 years of a little above 2 percent. This is 28 percent below the average of the last 75 years. Budget’s high spending leads to below average economic growth and record inflation.
- Gimmicks: Uses a Deficit Neutral Reserve Fund to say they support the policies of BBB, and that they will do it in deficit neutral way, but leave it to Congress to figure out the details - basically meaning the numbers above don’t include the CBO confirmed $5 trillion in BBB spending, $1.5 trillion in BBB taxes, or $3 trillion in BBB debt….though there is some double counting happening with the tax increases to say they would be used to pay for BBB, but also accomplish deficit reduction in his larger budget.
President Biden and House Democrats clearly have no plan to solve the overwhelming economic crisis facing Americans, and this Far-Left, Socialist budget will only worsen it. Americans can’t afford to pay for Democrats’ out-of-control spending any longer. |
The White House has announced the investment of roughly $11M for the Port of Galveston Harbor Extension Channel project.
I am delighted that the White House recognized the merits of finally completing the Galveston Harbor Channel. Compared to many other infrastructure projects, this long overdue channel deepening is relatively inexpensive, but its impact will be outsized: the Port of Galveston will definitely provide a bigger bang for the taxpayer’s buck! Given the many states that our products reach, our port will be even more productive, as we will be able to handle more ships more fully loaded, doing our part to ease the U.S. supply chain crisis.
Read my latest appeal to the Administration in support of this necessary project, here.
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This week the House of Representatives passed the bipartisan SECURE 2.0 bill, legislation that will strengthen Americans’ retirement savings.
SECURE 2.0 strengthens Americans’ retirement savings: - Helps more Americans save for retirement at all stages of their career
- Makes it easier for small businesses to set up retirement plans for their workers
- Builds on the success of the SECURE Act in 2019, with more than 20 provisions sponsored or co-sponsored by Republicans in stand-alone legislation
- Takes a sensible approach that is bipartisan and revenue-neutral
Here’s how: - Creates new tax credits to encourage small employers to offer retirement plans. It fully offsets paperwork costs and provides a per-employee credit of up to $1,000 for employer matching contributions.
- Helps employees save for retirement earlier. Employees would be automatically enrolled in their company’s 401(k) plan, while still providing a chance to opt out.
- Americans would have greater flexibility to keep more of their savings for longer. The bill raises the age for required minimum distributions to 75, so individuals don’t have to start withdrawing before they’re ready.
- Helps late career workers catch up in saving for retirement. Late-career workers – who may finally be earning the highest salaries of their careers after spending years at lower wages – can contribute a larger amount to “catch up” on their retirement savings, doubled from $5,000 a year to $10,000 a year.
- Helps lower-income households build their savings with the bigger and simpler Saver’s Credit.
- Support for employees with student loan debt. The bill allows employer matching contributions to a retirement plan for employees that are making payments on student loans.
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Secretary Mayorkas is considering terminating enforcement of Title 42 authority at the southern border within the month. Title 42 expulsions are removals by the U.S. government of persons who have recently been in a country where a communicable disease was present. This policy change will devastate the southern border and cause irrevocable damage to the security of the United States.
In March alone, through half the month, there were approximately 97,000 southern border encounters. Of those, close to 51% were removed under Title 42 and some 49% were processed under Title 8 – meaning about 47,500 were released into the United States. We are on pace to encounter 200,000 people in March - which means DHS will release 100,000 people this month even with Title 42 being partially enforced. Customs and Border Protection is already dangerously overwhelmed, halting the enforcement of Title 42 authority will prove disastrous for Americans and the migrants seeking to come here who will be preyed on by violent drug cartels and human smugglers.
This Congress, Democrat leadership has not yet brought to the floor any legislation to prevent this crucial policy from going unenforced, however, on April 20, 2021, a discharge petition was filed to force a vote on H.R.471 to require enforcement of Title 42. More specifically, this bill would prohibit the Secretary of Health and Human Services from lessening the stringency of, and to prohibit the Secretary of Homeland Security from ceasing or lessening implementation of Title 42 authority through at least the remainder of the pandemic. Thus far, 206 Republican Members (203 current Members) have signed the discharge petition.
We, the House Freedom Caucus, are asking our Democrat colleagues to join us in signing the discharge petition to stand up and defend the health and the security of the United States.
Read the petition and view the signers, here. |
- H.Res. 1005 - Honoring the life and legacy of the late Congressman Don Young of Alaska.
- H.R. 7264 - To amend the Foreign Agents Registration Act of 1938 to treat certain tax-exempt organizations receiving funding from Russian foreign principals as agents of a foreign principal under such Act, and for other purposes.
- H.R. 4828 - Border Security for America Act of 202.
- H.Res. 1016 - Recognizing and honoring Emma Weyant as the rightful winner of the 2022 NCAA Division I Women's 500-Yard Freestyle.
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Friends,
For more than 60 percent of working families, their incomes simply can’t keep up rising costs, according to a recent poll by NBC News.
This comes after new analysis found that President Biden’s economic policies caused U.S. inflation to reach a 40-year high, surpassing other nations.
But that won’t stop congressional Democrats from pushing for more inflationary spending (like “gas cards”) or the Biden Administration from doubling down on crippling tax hikes that will hit low- and middle-income earners.
The poll found: - Facing 40-year high inflation, 62 percent of Americans said their family incomes are falling behind the cost of living.
- A plurality of nearly 40 percent of Americans believe President Biden is responsible for rising prices, while only 6 percent buy the Biden blame game that higher prices are due to Russia’s invasion of Ukraine.
- A mere 33 percent of Americans approve of President Biden’s handling of the economy.
- More than 70 percent of Americans said they believe the nation is on the wrong track.
Read the poll here.
But I want to hear from you! |
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Is your family income falling behind the cost of living?
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Submit survey to sign up for updates on my work in Congress.*
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Each spring, the Congressional Institute sponsors a nationwide high school visual art competition to recognize and encourage artistic talent in the nation and in each congressional district. The Congressional Art Competition began in 1982 to provide an opportunity for members of Congress to encourage and recognize the artistic talents of their young constituents. Since then, over 650,000 high school students have been involved with the nationwide competition.
Students submit entries to their representative’s office, and panels of district artists select the winning entries. Winners are recognized both in their district and at an annual awards ceremony in Washington, DC.
The over-all winner of our district's competition will be displayed for one year in the U.S. Capitol. The exhibit in Washington will also include artwork from other contest winners nation-wide.
- Artwork can be no larger than 26”x26” X 4” and cannot weigh more than 15 pounds including the frame (only winning artwork requires a frame)
- Artwork must meet suitability and originality guidelines
- Artwork must have the “Student Information and Release Form” with the submission along with proper signatures
- Winning artwork is displayed in the Cannon Tunnel of the United States Capitol building in Washington D.C. for 11 months
- Artwork winning 2nd, 3rd, and 4th will be displayed in the district offices of Congressman Randy Weber for 11 months
What prizes will my winner get? The artwork for the winning student from each District will be displayed in the Cannon Tunnel for 11 months.
As a Congressional Art District First Place winner, one may be eligible to receive a $3,000 per year scholarship to SCAD, (Savannah College of Art and Design) should one apply and be accepted for enrollment. Accepted students may be eligible for additional scholarships based on their academic credentials, documented awards and recognition, extracurricular activities, volunteer or professional experience, and talents.
Submissions are due April 22nd with judging the following week and reception TBD.
For more information visit: https://weber.house.gov/constituent-services/arts-competition.htm
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It is a great honor to represent Texas’ Fourteenth District in Congress. We all know that 2020 has brought some challenging times. Please know that we have been and will always be here for you. Call or stop by our offices (which are YOUR offices), if you need help with a federal agency.
Bureaucracy often brings red tape, but we know how to cut through it, and we are proud to fight on your behalf. Whether you need help with immigration, IRS, Medicare, Social Security, passports, stimulus checks, small business loans, VA claims, FEMA relief, or other assistance, please call us!
We can also help with flags flown over the U.S. Capitol, nominations to the military academies, or tours in Washington D.C. We welcome opportunities to serve you. For assistance or more information, please call or go online or visit weber.house.gov.
God Bless you and God Bless Texas!
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Sincerely,
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Randy K. Weber
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