A Budget in Place
Budget for 2007:This week, the House passed the budget for fiscal year 2007.As a member of the Budget Committee this is an issue I have been working on for several months. By passing this budget, we have turned the corner in the effort to control spending, and put ourselves back on to the road to fiscal responsibility.It returns the government’s growth rate to a reasonable level: below the rate at which revenues are increasing and below the growth in population plus inflation. In the years following the recent tax cuts, we have seen a dramatic increase in government revenues as our economy has expanded.By ensuring we keep these policies in place while controlling spending simultaneously, we will be able to reduce the deficit over time. … Read More