November 07, 2019
WASHINGTON, D.C. – U.S. Senator Angus King (I-Maine) has joined a bipartisan group of his colleagues to introduce legislation that would make common-sense improvements to the federal government’s budget process. The Bipartisan Congressional Budget Reform Act would create a more deliberative budget process that emphasizes long-term fiscal planning over partisan brinksmanship and tackles growing debt and deficits.
“Here’s a statement that won’t draw a lot of disagreement: Congress’s current budget process is just not working,” said Senator King. “Under the current rules, we’re voting on the future of programs that provide vital services for the American people mere hours before deadlines to keep maintain America’s full faith and credit. The result: our deficit is increasing and we’re leaving an enormous amount of debt to future generations. There have to be better ways to advance America’s budget priorities, and we owe it to our constituents to work together to find them.”
Specifically, the Bipartisan Congressional Budget Reform Act would:
Senator King, who was named a 2016 ‘Fiscal Hero’ by the nonpartisan Campaign to Fix the Debt, was among the most vocal critics of the 2017 tax legislation because of its strong potential impact to increase the national debt substantially. He introduced an amendment prior to passage that would instruct a Senate committee to create a deficit-neutral version of the legislation, and a motion after passage that would have required the conference committee to return a version of the tax legislation which did not increase the deficit; both provisions were defeated on party lines.
In addition to Senator King, the legislation is supported by the following U.S. Senators: Sheldon Whitehouse (D-R.I.), Mike Enzi (R-Wyo.) Chuck Grassley (R-Iowa), Tim Kaine (D-Va.), Mike Crapo (R-Idaho), Lindsey Graham (R-S.C.), Chris Coons (D-Del.), John Barrasso (R-Wyo.), Roy Blunt (R-Mo.), Ron Johnson (R-Wis.), David Perdue (R-Ga.), John Kennedy (R-La.), Kevin Cramer (R-N.D.), and Mike Braun (R-Ind.).