Lubbock Times

House Budget Committee Chairman Jodey Arrington, a Republican from Texas, appeared on Fox Business Network's "Maria Bartiromo’s Wall Street" to discuss the House-approved budget resolution. This resolution aligns with former President Trump's America First agenda and outlines subsequent steps in the reconciliation process.

Arrington stated, "We should clear the path for this bigger budget reconciliation bill that will advance the America First agenda; that will be locking in the tax cuts, opening up domestic energy production, rolling back the barrage of regulations and bending the curve on mandatory spending that’s driving us to the edge of a sovereign debt crisis."

He emphasized the potential financial impact if certain tax measures expire: "If the Tax Cuts and Jobs Act would expire, it would be a 22 percent increase on average taxpayers. You’d have 40 million families have the Child Tax Credit cut in half, and you’d have 26 million small businesses not receive the 20 percent deduction pay at the highest rate. So, they would receive a tax hike. Unacceptable."

Arrington argued for economic stimulation through tax relief: "Our families need relief. Small businesses need relief. And we need to stimulate economic growth. So, tax cuts are a central piece of the economic agenda."

He presented his vision for fiscal responsibility: "Well, I have a ten-year balanced budget that my Budget Committee and I have worked on for two years now. That saves $14 trillion over ten years... We need a meaningful step forward to reignite growth, and to start bending the curve on spending, and bring the deficit down."

Addressing disruptions in policy implementation, Arrington remarked on past successes: "The President acknowledges some disruption on the front end... But we got the largest purchase agreement from China on ag and energy product... Wages went up, manufacturing activity increased, and our economy was growing."