Buddy's Budget Blog

MYTH: The FairTax rate is really 30 percent not 23 percent. Our current income tax is expressed as an inclusive rate. When directly comparing the FairTax to our current income tax, the FairTax rate is 23 percent. Under the FairTax, if you pay $100 for a good, you pay $77 for the good and an inclusive $23 tax. If you take the $23 as a percentage of the $100 tendered, the tax rate… Read more »

Washington Democrats passed another irresponsible, short-term funding bill because they can’t seem to get their priorities straight. Rep. Earl L. “Buddy” Carter (R-GA) spoke to Newsmax to shine a light on this fiscal malpractice. In case you missed it, here are the highlights: ON “RIGGED” SPENDING “All this money… Read more »

The House is considering a spending package that has the potential to upend every sector of American life. From adding fuel to the fire of inflation to pushing Green New Deal policies and killing medical innovation, it's time to call this bill what it really is: The Inflation Acceleration Act.  In case you missed it, I was in New York City last week making sure the media… Read more »

Our nation’s Gross Domestic Product fell two straight quarters in a row, which by Speaker Pelosi's own definition constitutes a recession.  In case you missed it, Rep. Buddy Carter broke down the moves President Biden must take to lift the U.S. out of a recession and help struggling Americans pay for everyday goods, which are exorbitantly high across the board right… Read more »

The Biden Administration is violating federal law by refusing to build the wall. President Trump, in a bipartisan fashion, authorized funding for 110 miles of border wall construction. President Biden, unilaterally, canceled it on his first day in office. As of right now, only 20 miles have been constructed, with miles-long holes in between. This has left $350 million worth of… Read more »

Congressional Budget Office (CBO) Director Phillip Swagel testified before the House Budget Committee yesterday. Democrats tried using the hearing to defend the Biden Administration’s poor fiscal and economic policies, but Republicans saw right through it. Rep. Earl L. “Buddy” Carter (R-GA), who sits on the Committee, shared the facts. In case you missed it, here are the… Read more »

When small business owners make irresponsible budget decisions, they face the consequences. But if the federal government fails to balance its budget, it is the taxpayers who face the consequences. This phenomenon is playing out right before our eyes. President Biden’s FY2023 budget calls for $73 trillion in spending, a 66% increase from the previous decade, including $16 trillion in… Read more »

WASHINGTON, D.C. - President Biden will blame everyone except himself for the shocking 8.5% inflation rate hitting consumer's wallets and paychecks. Rep. Earl L. "Buddy" Carter (R-GA) isn't letting him pass the buck.  In Case You Missed It on CNBC and Fox Business, policies have consequences, and the working class is paying the price of Washington Democrats' one-party… Read more »