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.

A State of Denial on the Deficit

Only in Washington could a $248 billion budget deficit be touted as good news. But that is exactly what President Bush and Republicans did last week. The Grand Old Party is clearly in a state of denial on the deficit...________________________________________________________________________

Hoyer celebrates National Small Business Week

U.S. Rep. Steny H. Hoyer (D-Md., 5th) marked National Small Business Week on April 11 by holding a roundtable luncheon in Clinton with representatives of the chambers of commerce from his district, which includes Anne Arundel, Prince Georges, Charles, Calvert, and St. Marys counties.________________________________________________________________________

Hoyer Honors National Small Business Week

CLINTON, MD Today, in honor of National Small Business Week, Congressman Steny H. Hoyer (D-MD) hosted a roundtable luncheon with representatives of the Chambers of Commerce from the 5th Congressional District (includes Anne Arundel, Prince George's, Charles, Calvert, and St. Mary's).________________________________________________________________________

Democrats Eye Wage Increases

Democratic members of Congress called on Republican leadership Wednesday to increase the federal minimum wage before the end of the year.________________________________________________________________________

New Fiscal Year, New Record Deficits

The federal deficit is an issue that seems remote and removed from the everyday lives of most Americans. However, the cost of the recovery effort in the aftermath of Hurricane Katrina is bringing the deficit out of the halls of Congress and into the pocketbooks of American families...________________________________________________________________________

Democrats Will Continue to Fight for Fiscal Responsibility

This week, the nonpartisan Congressional Budget Office (CBO) released a revised estimate for the Fiscal Year (FY) 2005 budget deficit and it ought to concern all Americans...________________________________________________________________________

Republican Budget Does Not Reflect Maryland Priorities

Last week the House of Representatives passed the Fiscal Year 2006 House Republican budget, which contains harmful cuts to federal investments in Maryland that the state would be forced to absorb.________________________________________________________________________

Members of the MD Delegation Denounce GOP Cuts to Federal Investments Critical to Maryland

WASHINGTON, D.C. Today, Maryland Representatives Steny H. Hoyer, Benjamin L. Cardin, Al Wynn, Elijah Cummings, Dutch Ruppersberger and Chris Van Hollen released the following joint statement rejecting the Fiscal Year 2006 House Republican budget, which contains harmful cuts to federal investments in Maryland that the state would be forced to absorb. The House of Representatives passed the Fiscal Year 2006 federal budget today.________________________________________________________________________

The Budget is a Statement of Our Values

Early this month, the President presented his budget proposal for fiscal year 2006 to the Congress. I believe that the budget is an illustration of where we are willing to invest the funds collected by our citizens to enhance the programs and services provided to our people. And, it is a reflection of the interests and values of our country.________________________________________________________________________

Hoyer Statement on the 2005 Budget

WASHINGTON - Congressman Steny Hoyer (MD) released the following statement today following passage of the Republicans' Fiscal Year 2005 Budget Conference Report in the House of Representatives last night. The Budget Act requires a budget resolution to provide spending and revenue levels for five years, but the Republican Budget passed by the House provides budget policies for only one year masking the truly negative impact of Republican policies.________________________________________________________________________