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.

Hoyer Statement on Tax Day

For many Americans, the arrival of the tax filing deadline each year is a reminder of our shared responsibility to support our democracy through the taxes we pay.

Hoyer Statement on House Republicans' Fiscal Year 2016 Budget

The House Republican budget resolution unveiled this morning is more of the same extreme policies that disinvest in our nation while placing the burden of deficit reduction on seniors, children, the middle class, and the most vulnerable.

Hoyer Statement on Spending Bill Agreement

Last night, Democrats and Republicans worked together to fund the government and prevent another government shutdown.

Hoyer Delivers Speech on the Ongoing Fight for Fiscal Sustainability

Good morning. I want to thank Third Way for hosting, and I want to thank all of you for this opportunity to address one of the most compelling challenges our generation faces – achieving a sustainable long-term budget outlook.

Hoyer Statement on President Obama's FY 2015 Budget Proposal

The President's budget released today reflects important priorities for the state of Maryland and our nation – increasing economic opportunity, promoting job growth, and strengthening our national security, while addressing our long-term fiscal sustainability.

Hoyer Statement on President Obama's FY 2015 Budget Proposal

The President's budget released today reflects important priorities for the state of Maryland and our nation – increasing economic opportunity, promoting job growth, and strengthening our national security, while addressing our long-term fiscal sustainability.