What We’ve Achieved…

Govt. Spending

Viewpoint

By Buck McKeon

With all the frustrating gridlock in Washington, it is important to remember what we’ve achieved in our battle for a more effective and efficient federal government:

• For the first time since the Korean War, total federal spending has gone down for two years in a row.

 

Chart Key:
 – Transfer to state and local
 – Federal direct spending
 – State direct spending
 – Local direct spending

(chart inserted by CJ Editor doesn’t quite support that.  More.  McKeon Voting Record.)

 

• The most significant spending reductions in modern history – more significant than Ronald Reagan and more significant than Bill Clinton and Newt Gingrich.

• The Budget Control Act (BCA) was the largest spending reduction bill of the last 25 years (and perhaps ever) – $630 billion in savings over five years all from the spending side.

• The BCA was the largest deficit control bill since 1981 not to contain a penny in tax increases.

• Successfully protected 99 percent of Americans from a tax increase on a permanent basis, and ensured that almost all of the Bush tax policy was made permanent, including the death tax and lower rates on capital gains and dividends.

I will continue to keep you updated on information and developments coming out of Washington.

Sincerely,

Buck

____________________________________

Congressman Buck McKeon represents the 25th District of California. He is Chairman of the Armed Services Committee.– http://mckeon.house.gov/

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