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.

Baltimore Sun: Hoyer Has the Right Idea on Budget

Rep. Steny Hoyer deserves praise for his comments earlier this week acknowledging that Democrats need to be willing to put Social Security and Medicare on the table as part of a comprehensive solution for our nation's debt problem.

Hoyer Attends Luncheon with Andrews Business & Community Alliance

Today, Congressman Steny H. Hoyer (MD-5) attended a luncheon with members of the Andrews Business & Community Alliance and representatives from Joint Base Andrews to discuss the fiscal cliff and other issues impacting the community.

Hoyer Statement on November Jobs Report

In a sign of continuing progress in our recovery, the Bureau of Labor Statistics report released this morning shows that our economy added 147,000 private sector jobs in November, causing the unemployment rate to drop to 7.7%.

Hoyer Meets with Charles County Chamber of Commerce

Congressman Steny H. Hoyer (MD-5) met with members of the Charles County Chamber of Commerce leadership this morning to discuss the fiscal cliff, the Make It In America jobs plan, and other issues important to Charles County businesses.

Hoyer Meets with Defense Contractors from NAS Patuxent River

Today, I met with local defense contractors to continue working together to resolve the implementation of new directives that could impact our defense community.

Hoyer Meets with Prince George’s County Business Leaders

I was pleased to join business leaders from the Prince Georges County Chamber of Commerce to discuss how we can continue to grow our local economy and create jobs here in the Fifth District.

Hoyer Provides Congressional Update to Federal Employees at the FDA

Already federal employees have agreed to pay freezes and pension changes that have brought $75 billion in deficit savings, and House Republicans have insisted on additional contributions from federal employees but refuse to ask the wealthiest in this country to contribute as well. It is simply unfair to continue singling out these middle-class workers at a time when they have been working harder than ever.