Budget & Fiscal Responsibility

Congressman Hoyer is fighting to address our nation's deep deficits and debt, and is actively engaged in the effort to put our country on a fiscally sustainable path. He believes that it is immoral to expect future generations to pay for the excess spending of this and previous generations. He introduced and successfully helped enact into law the pay-as-you-go principle - or "PAYGO" - a proven tool for fighting debt that that helped create budget surpluses in the 1990s. Like families across the country, Congress must make the tough choices to determine our real priorities and not spend beyond our means.  PAYGO also forces Congress to look harder for wasteful spending that can be cut.

Congressman Hoyer has called on Congress to enact a deficit reduction plan that recognizes the need to create jobs in the short term while bringing down our deficit over the long term. He supports a solution that puts all options on the table, including spending cuts, increasing revenues, cutting waste in defense spending, and strengthening entitlements while protecting seniors and the most vulnerable and preserving the Medicare guarantee. He has urged both parties to compromise on a balanced approach that asks all Americans to contribute their fair share.

Congressman Hoyer is committed to reducing the deficit, and has urged both parties to work together to put our nation on a fiscally sustainable path while making the investments we need to have a strong economy.

Maryland Congressional Delegation Statement Regarding Maryland’s $2.5B Budget Surplus

Today, Congressman Steny H. Hoyer (MD-05), Senators Ben Cardin (D-MD) and Chris Van Hollen (D-MD), and Congressmen Dutch Ruppersberger (MD-02), John Sarbanes (MD-03), Kweisi Mfume (MD-07), Anthony Brown (MD-04), Jamie Raskin (MD-08), and David Trone (MD-06) applauded Maryland’s $2.5 billion budget surplus for Fiscal Year 2021.

Hoyer Celebrates House Passage of Appropriations Package for Fifth District Families

Today, Congressman Steny H. Hoyer (MD-05) praised the House passage of H.R. 4502, a funding package of seven Fiscal Year 2022 appropriations bills, including: Labor, Health and Human Services, and Education; Agriculture, Rural Development, Food and Drug Administration; Energy and Water Development; Financial Services and General Government; Interior and Environment; Military Construction and Veterans Affairs, and Transportation and Housing and Urban Development.

Hoyer Advocates for More Than $4.7 Million in Funding for Communities in Southern Maryland

Today, Congressman Steny H. Hoyer (MD-05) applauded the inclusion of $4,710,000 for Southern Maryland after the full committee markup of the House Appropriations Subcommittee on Energy and Water Development, and Related Agencies; Subcommittee on Transportation, and Housing and Urban Development, and Related Agencies; and Subcommittee on Labor, Health and Human Services, Education, and Related Agencies funding bills for Fiscal Year 2022.

Hoyer Statement on President Biden’s Fiscal Year 2022 Budget Proposal

Today, President Biden released a budget proposal that makes investments in programs that will help Fifth District families get ahead and help our economy recover from the COVID-19 pandemic. I’m pleased that the President’s budget seeks to rebuild and strengthen infrastructure systems, which will create good-paying jobs in our state. The President’s proposal also makes important investments in our families.

Maryland Congressional Delegation Holds Virtual Meeting with Governor Hogan to Highlight the Success of the American Rescue Plan in Maryland and Discuss Opportunities to Advance the American Jobs Plan

Congressman Steny H. Hoyer (MD-05) joined a virtual Delegation meeting Tuesday afternoon with Senators Ben Cardin and Chris Van Hollen, and Congressmen Dutch Ruppersberger, John Sarbanes, Kweisi Mfume, Anthony G. Brown, Jamie Raskin, and David Trone, along with with Governor Larry Hogan and his cabinet, to discuss the Governor’s for the upcoming fiscal year. Central to the conversation were the important federal resources from the American Rescue Plan and opportunities for major infrastructure investments through the American Jobs Plan. Below is a statement released by the Delegation following the meeting:

Hoyer: This Funding Package Reflects Our Values and Our Principles

Madam Speaker, I want to thank Chairwoman Lowey. Not only for her tireless work on this minibus, but for all her years of extraordinary service on the Appropriations Committee and in this House.