Fiscal Responsibility
Our nation’s debt continues to grow at an unsustainable rate. On our current trajectory, our budget deficits become more and more unsustainable further squeezing the important investments that will help create good-paying jobs, make the economy work better for everyone and keep our country safe. New Democrats support a bipartisan, long-term approach to address structural causes of our growing deficits and debt, including impact of the Republican tax bill and reforms to mandatory spending programs.
See more:
- New Democrat Coalition’s Tax Reform & Fiscal Responsibility Task Force
More on Fiscal Responsibility
Today, New Democrat Coalition Chair Jim Himes (CT-04) testified before the Joint Select Committee on Budget and Appropriations Process Reform to lay out suggestions on how to significantly reform the budget and appropriations process in the House of Representatives.
Today, New Democrat Coalition Chair Jim Himes (CT-04) released the following statement after the House voted 258-159 to pass S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act:
Today the House passed the Financial CHOICE Act, a bill that will dismantle the most important aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Dodd-Frank is a pro-growth, pro-market oriented policy that has improved accountability in the financial system and protected consumers, investors, and the economy from abusive practices. If the CHOICE Act becomes law, financial institutions will once again be able to undertake risky practices and could trigger another financial crisis.
The New Democrat Coalition Chair Jim Himes (CT-04) released the following statement on President Trump’s proposed budget:
While Congress works to pass a Fiscal Year 2017 appropriations bill this week, Members of the New Democrat Coalition sent a letter to Speaker Ryan and Budget Committee Chair Diane Black outlining priorities for the Fiscal Year 2018 budget resolution.
Specifically, New Dems implore that the following key policy areas are addresses in the budget:
Today, the New Democrat Coalition launched seven policy task forces which will be led by New Dem issue area experts in order to develop policies to help Americans get ahead in a changing economy and make America more secure. The revamped task forces are charged with meeting with stakeholders and developing policy positions for the Coalition to advance in both the near term and long term. The Coalition will continue to assess the policy challenges that lie ahead and create additional task forces as needed.
Co-Chairs: Representatives Terri Sewell, Don Beyer, and Brad Schneider
The Tax Reform Task Force will seek ways to modernize the tax code to create U.S. jobs, foster innovation, and support middle class families, without leaving behind a greater burden of debt for future generations.
Washington, DC—Last week, the Securities and Exchange Commission (SEC) proposed rules to increase transparency in dark pool trading. The proposal comes after Congressman Bill Foster and members of the New Democrat Coalition Financial Services Task Force urged the SEC to make the changes.
Washington, DC – Earlier this week, members of the New Democrat Coalition Financial Services Task Force sent a letter to Securities and Exchange Commission (SEC) Chair Mary Jo White to highlight areas of equity market structure that would benefit from empirically-driven reforms to enhance transparency for investors and better facilitate capital formation. The letter, led by Rep.
Washington, D.C. – Rep. Ron Kind (D-WI), Chairman of the House New Democrat Coalition, issued the following statement on the State of the Union Address this evening: