Congressman Hoyer is fighting to address our nation’s deep deficits and debt, and to put our country on a path to a balanced budget. He believes that it is immoral to expect future generations to pay for what this generation buys.   He introduced and successfully helped enact into law pay-as-you-go - or "PAYGO” - a proven tool for fighting debt that that helped create budget surpluses in the 1990s.

Under this law, Congress must offset all new policies reducing revenues or expanding entitlements, so that they add nothing to our deficit.  In short, like families across the country, Congress must make the tough choices to determine our real priorities.  PAYGO also forces Congress to look harder for wasteful spending that can be cut.

Congressman Hoyer also played a key role in the establishment of the bipartisan National Commission on Fiscal Responsibility and Reform, which is tasked with putting forward proposals to balance the budget by 2015 and to meaningfully improve the long-term fiscal outlook.  The Commission will examine all options and will issue its recommendations by December 1, 2010.  Congressman Hoyer has committed to an up or down vote on the Commission’s recommendations by the end of the year.

• June 24,2010 - EDITORIAL: Time for tough economic choices

  THE LONG-TERM unemployment rate is at a record level. So is the federal deficit. Both of these are serious concerns. But it is possible -- in theory, anyway -- for Congress to be both compassionate and prudent. In the short term, lawmakers should resolve the logjam that has allowed federal benefits to lapse for more than 900,000 unemployed. In the longer term, they should heed the example of House Majority Leader Steny H. Hoyer (D-Md.), who gave a brave speech this week not only setting out the fiscal challenge but offering specific, credible suggestions for savings. ...

  
  
• June 22,2010 - Congressman Hoyer Delivers Major Speech on Deficit Reduction

  Congressman Leader Steny H. Hoyer (MD) delivered remarks this morning on the imperative for solving the nation’s fiscal crisis, the need for bipartisan cooperation on this issue, and how to balance economic recovery with long-term deficit reduction.  This is the second major speech Hoyer has delivered on this topic, speaking in March at the Brookings Institution on restoring fiscal responsibility. ...

  
  
• June 18,2010 - Hoyer, House Vote to Pass Small Business Lending Bill to Free up Capital, Create Jobs

  Today, Rep. Hoyer joined a majority in the U.S. House in voting to pass two small business measures that together will - legislation that will leverage $300 billion in much-needed lending for small businesses and offer tax incentives to help small businesses grow, hire, and fuel our economy create hundreds of thousands of jobs. ...

  
  
• June 16,2010 - Congressman Hoyer to Deliver Major Speech on Deficit Reduction

  Congressman Steny H. Hoyer (D-MD) will deliver remarks on the imperative for solving the nation’s fiscal crisis, the need for bipartisan cooperation on this issue, and how to balance economic recovery with long-term deficit reduction, at a Third Way event in the Columbus Room at Union Station on Tuesday, June 22nd at 9:00 a.m. ...

  
  
• April 28,2010 - Hoyer Statement on the IMPROVE Acquisition Act

  House Majority Leader Steny H. Hoyer (MD) spoke on the House Floor today in support of the IMPROVE Acquisition Act. Below are his remarks  as prepared for delivery. ...

  
  

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