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Budget and Tax Relief
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As American families face financial challenges and struggle to balance their checkbooks, the federal government should be doing the same. Unfortunately, in recent years, federal spending has continued to grow at an unsustainable rate. Now, instead of reigning in unnecessary and wasteful spending, Congress is looking to increase taxes to force taxpayers to finance reckless federal fiscal policies. Much of the economic turmoil gripping our nation today has resulted from people and governments spending beyond their means. The trend in Washington is now to bailout those who acted irresponsibly by stripping the earnings and depleting the savings of those who showed restraint and prudence in managing their finances. Now is the time to stop this trend. America needs leaders who abide by principles of sound fiscal management, not those who rush legislation that excuses waste and exposes taxpayers to fraud and abuse. As a strong fiscal conservative, I will continue to oppose unnecessary federal spending and higher taxes.
On January 1, 2011, Democrats will drop a $3.8 trillion tax increase on American taxpayers and small businesses.
Budget and Tax Relief Related Links:
Department of the Treasury The Department of the Treasury is the primary federal agency responsible for the economic and financial prosperity and security of the United States
Federal Office of Management and Budget
Internal Revenue Service (IRS)
President’s Budget FY2010 Proposal
North Carolina Department of Revenue
North Carolina Office of State Budget and Management
Tax Relief Kits: by the U.S. Department of Treasury, Office of Tax Policy
Budget and Tax Relief Related Legislation:
H.R. 205: Death Tax Repeal Act (cosponsor)
H.R. 301: Economic Growth Through Tax Stimulus Act (cosponsor)
H.R. 381: To make 5 percent across-the-board rescissions in non-defense, non-homeland-security discretionary spending for fiscal year 2009 (original cosponsor)
H.R. 470: Economic Recovery and Middle-Class Tax Relief Act (cosponsor)
H.R. 782: Taxpayer Choice Act (original cosponsor)
H.R. 793: Child Tax Credit Preservation Act (original cosponsor)
H.R. 943: Truth in Accounting Act (original cosponsor)
H.R. 982: Tax Code Termination Act (original cosponsor)
H.R. 1919: Federal Withholding Tax Repeal Act (introduced 4/2/2009)
H.Res.959: Amending the Rules of the House of Representatives to prohibit the consideration of a regulation of individual activity disguised as a tax (cosponsor)
H.J.Res.1: Proposing a balanced budget amendment to the Constitution of the United States (original cosponsor)
H.J.Res. 3: Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008 (introduced 1/6/2009)
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Press Releases
Filtered by Taxes, Budget
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Foxx: Government is Getting Bigger. The Workforce is Getting Smaller.
02/01/13"Government is getting bigger while the number of Americans in the workforce is getting smaller. We have to do better. "Taking money out of the private sector to fund government expansion is certainly not going to grow the economy or create jobs for th
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Foxx: No Budget, No Pay will Pressure Washington to do its Work
01/23/13It is downright embarrassing that the United States Senate has failed to pass a budget for almost four years. Every North Carolina family and small business has to contend with the realities of budgeting, and Washington should be no exception. In fact, po
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Foxx: Non-Emergency Spending Dominates Sandy Relief Package
01/16/13"If Washington is going to charge more than $60 billion dollars of 'emergency spending' to the taxpayer credit card, every dollar should be used to help emergency victims. The spending in H.R. 152 doesn't come close to meeting that requirement
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Foxx Statement on H.R. 41
01/04/13The east coast was shaken by hurricane Sandy this fall. My heart goes out to the families that have been displaced and lost property in its wake. The flood insurance program the government runs is in dire need of reform to make it financially solvent a
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Foxx on Dec. Jobelss Report: Debt Stands as a Barrier to the Economic Growth America Needs
01/04/13"The country's catastrophic national debt stands as a barrier to the economic growth Americans in the job market so desperately need. It is time for the President to get serious about reforming the spending addiction that has landed the country $16.4
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