Lubbock Times

House Budget Committee Chairman Jodey Arrington recently appeared on Fox Business with Larry Kudlow and Michael Faulkender, chief economist at the America First Policy Institute. The discussion centered around President Trump's economic plan, efforts to balance the budget, and criticisms of the Biden-Harris administration's economic policies.

Chairman Arrington highlighted a strategy aimed at balancing the U.S. budget, emphasizing growth as a key component. He stated, “We have a blueprint to put the country and the people's government in the United States on the path to balance the budget." He criticized regulatory measures affecting small businesses and energy producers and opposed tax increases following COVID-19 recovery efforts.

Arrington cited past achievements such as "the 2017 Trump tax cuts" combined with deregulation policies that reportedly led to record revenues. He argued that increasing GDP by 1% above its current growth rate could contribute an additional $3 trillion towards deficit reduction.

On balancing the federal budget, Arrington referred to historical perspectives: "We've passed a balanced budget plan twice from our committee. We base it on James Madison's comment that 'A public debt is a public curse.'" He expressed concern over government spending priorities amid global conflicts and domestic challenges.

Criticizing current economic policies under President Joe Biden and Vice President Kamala Harris, Arrington claimed their 10-year budget would add $17 trillion to national debt levels while maintaining high taxes, spending, and borrowing rates. He dismissed reliance on Congressional Budget Office (CBO) scores due to perceived inaccuracies in past projections.

The interview also included references to external assessments like Goldman Sachs' estimates regarding green energy tax subsidies from recent legislation. Arrington called for reducing governmental burdens on citizens and investing in growth-oriented initiatives.

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