Budget

Years of out-of-control spending and poor decision making is catching up with us. This year our nation reached the dubious distinction of being $22 trillion dollars in debt. With every hour that passes, we pile up another $100 million of debt. Interest payments on the debt alone, even with historically low rates, accounted for $325 billion of annual spending in 2018 and are expected to account for over $900 billion by 2028. Within only five years, the federal government will spend more on interest on the debt than defense.

I have pushed for fiscal sanity and a balanced budget since I came to Congress in January. For example, I led a letter in May with 44 other members to Speaker Pelosi requesting she only bring forward spending measures that adhere to the budget caps for FY 2020 and 2021. Speaker Pelosi and her Democratic cohorts didn’t listen. 

My team and I haven’t given up fighting for fiscal sanity. We are working on legislation to restructure how Washington budgets, so we can ensure our great nation is prosperous for our children and grandchildren. 

For more information concerning work and views related to Economy, please contact our office.

More on Budget

April 14, 2021 Press Release

WASHINGTON – On Tuesday, Rep. Chip Roy (TX-21), joined by several of his House colleagues, introduced the No Taxpayer Funding for the United Nations Population Fund Act to block taxpayer dollars from funding the United Nations Population Fund.

March 18, 2021 Blog Post

On March 17, 2021, Rep. Chip Roy (TX-21) and several of his House colleagues, issued an open letter to Speaker Nancy Pelosi (CA-12) pledging that they will not request earmark money amidst efforts to resurrect the corrupting practice in Congress.
 

The text of the letter with a running list of current cosponsors is available below:

 

The Honorable Nancy Pelosi 

Speaker U.S. House of Representatives 

H232 United States Capitol Building 

March 17, 2021 Press Release

WASHINGTON 一 On Wednesday, Rep. Chip Roy (TX-21), joined by 17 of his House Republican colleagues, issued the following open letter to Speaker Nancy Pelosi (CA-12) pledging that they will not request earmark money amidst efforts to resurrect the corrupting practice in Congress.

 

March 12, 2021 Press Release

On Thursday, Rep. Chip Roy (T-TX) 21, along with several Texas Republicans in the House and Senate, introduced the Highway Formula Fairness Act, which would help ensure that Texas and other states receive a fairer share of infrastructure funding via the federal Highway Trust Fund (HTF).

March 8, 2021 Press Release

WASHINGTON — On Monday, Representative Chip Roy (TX-21) reintroduced the ‘Know Debt Resolution,’ to mount debt clocks in the main meeting rooms of the House Budget Committee and House Appropriations Committee, displaying the rising national debt to emphasize the gravity of the economic issues that lie ahead.

March 8, 2021 Press Release

WASHINGTON — On Monday, Representative Chip Roy (TX-21), along with Committee Ranking Members Jim Jordan (OH-4), Rodney Davis (IL-13), and James Comer (KY-01) sent a letter to the National Council of State Legislatures urging members to enact safeguards to guarantee that only legitimate votes are cast and counted in future elections.

February 26, 2021 Press Release

Thursday evening, Rep Chip Roy (TX-21), along with Rep. Marjorie Taylor Greene (GA-14) introduced the Funds Follow Students Amendment to the Democrats massive COVID spending bill.

The amendment would allow federal education dollars to follow students, rather than being tied down solely to government-run public schools.

The Funds Follow Students Amendment:

January 21, 2021 Press Release

Rep. Chip Roy (TX-21) issued the following statement on Thursday in response to President Biden's day-one policy actions on immigration, the Paris Climate Agreement, the World Health Organization, and other issues:

January 20, 2021 Press Release

WASHINGTON -- Rep. Chip Roy (TX-21) issued the following statement on Wednesday: 

Today, the Biden administration is moving to reverse two of the great accomplishments of the Trump administration by unilaterally rejoining two international bodies that undermine the health and security of the United States of America: the World Health Organization and the Paris Climate Agreement.  In response, I will introduce legislation to prevent taxpayer funding from both of these efforts.

December 28, 2020 Press Release

Rep. Chip Roy (TX-21) issued the following statement after voting against H.R. 9051 (the CASH Act) on Monday evening: