Budget

WASHINGTON, D.C. — U.S. Representative Lloyd Smucker (R-PA), Vice Chair of the House Budget Committee, on Tuesday was named Taxpayer Defender of the Month by National Taxpayers Union in recognition of his work advancing policies to increase transparency and accountability surrounding the nation’s growing debt.

WASHINGTON, DC – Rep. Smucker (PA-11), Vice Chair of the House Budget Committee, introduced the Debt-to-GDP Transparency and Stabilization Act with Rep. Jared Golden (ME-02).

This legislation would increase transparency and provide greater insight into our nation’s growing national debt and require the President’s annual budget and congressional budget resolutions to include the ratio of the public debt to the estimated gross domestic product (GDP).

WASHINGTON--The Congressional Budget Office (CBO) published its updated baseline, the annual Budget and Economic Outlook. Vice Chair of the House Budget Committee Rep. Lloyd Smucker (PA-11) released the following statement: 

"When it comes to economic growth, the Congressional Budget Office (CBO) has one thing right—the Working Families Tax Cuts (WFTC) are accelerating the growth of the American economy.

Rep. Smucker: "You would expect if a marketplace is working properly, that perhaps under consolidation, we would see lower or at least slower growing premiums in highly concentrated markets. But that's just simply not happening today."

WASHINGTON—Rep. Lloyd Smucker (PA-11), Vice Chair of the House Budget Committee, voted in favor of H.R. 7147 and 7148, the remaining appropriations legislation for fiscal year 2026 and released the following statement: 

“The House of Representatives passed appropriations legislation that takes an important step in changing our nation's fiscal trajectory by ending the unchecked growth of government spending. These bills responsibly fund essential government operations, reduce waste, and respect American taxpayers. 

WASHINGTON – Rep. Lloyd Smucker (PA-11), Vice Chair of the House Budget Committee, recently introduced H.R. 6895, the Debt Solution and Accountability Act, with Rep. Tom Suozzi­ (NY-03), to establish new transparency and reporting requirements for the Department of the Treasury whenever the federal government approaches the statutory debt limit.

WASHINGTON—Rep. Lloyd Smucker (PA-11), Vice Chair of the House Budget Committee, released the following statement after voting against H.R. 1834, legislation that would extend COVID-era enhanced premium tax credits for three years:

“We want all Americans to have access to quality health care at a price they can afford. Unfortunately, the bill considered today does nothing to move us closer to that goal. Instead, it simply extends the status quo that we know is not working. 

WASHINGTON – Rep. Lloyd Smucker (PA-11), the Vice Chair of the House Budget Committee, joined his colleagues in introducing a resolution expressing the sense of the House of Representatives that the federal unified budget deficit should be reduced to 3 percent of GDP or less by 2030. The resolution sets a clear goal to change America’s fiscal position.