Skip to Content
Home | news | Buddy's Budget Blog

Buddy's Budget Blog

ICYMI: Inflation freezes at unsustainably high level

| Posted in Buddy's Budget Blog

The October Consumer Price Index (CPI) numbers released Tuesday showed that the sky-high inflation that has defined President Biden’s administration is still hurting consumers. It’s nearly double the rate of inflation that President Biden inherited when he took office, and the American people are paying $709 more for the same goods they could purchase just two years ago. In Case You…

ICYMI: I'm voting for the Fiscal Responsibility Act...

| Posted in Buddy's Budget Blog

  Ahead of yesterday’s vote on the largest spending cut in American history, which passed overwhelmingly through the House of Representatives, I shared my thoughts on why this package is a win for the American people. Read the highlights here: I'm voting for the Fiscal Responsibility Act. Here's Why. By: Rep. Buddy Carter After 97 days of delays from the White House,…

ICYMI: Why the establishment is TERRIFIED of FairTax

| Posted in Buddy's Budget Blog

HENDERSONVILLE, TN - Rep. Earl L. "Buddy" Carter (R-GA) last week sat down with former Governor of Arkansas Mike Huckabee, host of The Mike Huckabee Show on TBN, to discuss H.R. 25, the FairTax, which will eliminate the IRS and federal payroll and income taxes in favor of a simple, efficient consumption tax. This will allow Americans to keep the entirety of their hard-earned…

Myth v. Fact: The FairTax Act

| Posted in 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…

ICYMI: There's gonna be a "new sheriff in town" that cracks down on "taxpayer muggings"

| Posted in Buddy's Budget Blog

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…

ICYMI: The Inflation Acceleration Act

| Posted in Buddy's Budget Blog

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…

ICYMI: We're in a recession

| Posted in Buddy's Budget Blog

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…

WYNTK: Millions of dollars in waste at southern border

| Posted in Buddy's Budget Blog

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…

‘Do You Think We’re Stupid?’: Carter grills CBO Director on dems’ deficit claims

| Posted in Buddy's Budget Blog

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…

Biden’s Budget is intergenerational theft

| Posted in Buddy's Budget Blog

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…