Federal Budget

Important Budget Links | Statement & Press Releases

Congressman Scott supports reducing our budget deficit and balancing the federal budget, but not at the expense of cutting vital government functions, such as defense, education, transportation, Social Security and Medicare.

FY2016 Federal Budget

Congressman Scott understands that deficit reduction requires making sometimes tough, unpopular choices. During his first year serving in Congress, Congressman Scott supported the 1993 Clinton budget, which narrowly passed the House and the Senate. The 1993 Clinton budget, also known as the Omnibus Budget Reconciliation Act of 1993, helped put the nation on a strong fiscal path and turned federal budget deficits into federal budget surpluses. By 2001, the Congressional Budget Office projected a ten year surplus of $5.6 trillion. At the time, that would have been enough to completely eliminate the national debt held by the public by 2008, and we would owe nothing to China, Japan, and Saudi Arabia.

Citing likely fiscal disaster, Congressman Scott opposed President George W. Bush's 2001 and 2003 tax cuts. Congressman Scott correctly pointed out that these tax cuts were not paid for and would wreak havoc on the budget. Combined with the Bush Administration's unpaid for Medicare prescription drug plan, the wars in Iraq and Afghanistan, an economy deep in recession, and these tax cuts, by the end of the Bush Administration, the annual federal budget deficit had climbed to $1.4 trillion and instead of paying off the national debt held by the public, the total national debt ballooned from $5.7 trillion in 2001 to $10.7 trillion by the end of 2008.

In late 2010, when these Bush-era tax cuts were set to expire, Congressman Scott opposed the two year extension because the nation could not afford them and if they continued to be extended, it would likely force Congress to make deep cuts in vital government services, including Social Security and Medicare.

In 2011, Congressman Scott opposed the Budget Control Act, which conditioned an increase in the nation's debt ceiling on Congress cutting approximately $2.2 trillion from the federal budget over the next 10 years. $1.2 trillion of those $2.2 trillion in cuts was contingent on whether a Congressional deficit reduction committee, commonly referred to as the "Super Committee," reported out a deficit reduction plan totaling $1.2 trillion by the end of 2011. If the Super Committee failed, which it did, the $1.2 trillion in cuts would be implemented through a draconian across-the-board budget cutting process known as "sequestration." Congressman Scott voted against the Budget Control Act because Congress failed to address a driving factor of the nation's budget deficit – the Bush-era tax cuts – and its failure to do so would set the stage for sequestration and cuts to Social Security and Medicare.

In early 2013, during the fiscal cliff debacle, Congress permanently extended a majority of the Bush-era tax cuts at a ten-year cost, as estimated by the Congressional Budget Office, of $3.9 trillion and failed to cancel the $1.2 trillion sequester. Congressman Scott opposed the so-called "Fiscal Cliff Deal" because it permanently extended these unaffordable tax cuts and did nothing to address sequestration, which would and has had a significant negative impact on the Commonwealth of Virginia and his constituents.

In order to responsibly reduce our deficit, Congressman Scott believes that it is imperative that Congress go back and review the Fiscal Cliff Deal and cancel some of the tax cuts that were permanently extended in order to cancel the sequester. He also believes that Congress should review our tax code and end the numerous special interest tax breaks that riddle our tax code.

Important Budget Links

Budget News & Editorials

FY 2016 Budget

More on Federal Budget

June 25, 2019 Press Release
WASHINGTON, D.C. – Congressman Bobby Scott (VA-03) praised passage of several fiscal year 2020 appropriations bills, putting the House of Representatives on track to send all twelve appropriations bills to the Senate by the end of June. Congressman Scott offered several amendments to these bills that were ultimately adopted by the full House of Representatives.
March 11, 2019 Press Release
WASHINGTON, DC – Congressman Bobby Scott (VA-03), a member of the House Budget Committee, issued the following statement on the release of President Trump’s budget for Fiscal Year 2020: “The President’s budget highlights his priorities – unfortunately American families do not appear to be one of those priorities. In order to protect massive tax cuts for corporations and the wealthiest among us, this budget decimates funding for infrastructure, civil works projects, Medicare and Medicaid, and many other critical programs. Instead of investing in our future, this budget takes food from those most in need, makes housing harder to access for those who have been left behind, and ignores the needs of America’s children and working families.”
January 24, 2019 Press Release
Congressman Bobby Scott (VA-03) issued the following statement after being appointed to the House Budget Committee for the 116th Congress: “I am very excited to return to the House Budget Committee,” said Congressman Scott. “We must restore fiscal sanity to the federal budget process in order to balance the federal budget. Under Republicans’ unified control of the federal government, we have exploded the deficit to give tax breaks to corporations and the top 1% without paying for them. I know that under Chairman John Yarmuth’s leadership, we will create a budget that will be For the People and prioritize workers and the middle class instead of the wealthy and well-connected.”
January 11, 2019 Press Release
WASHINGTON, DC – Congressman Bobby Scott (VA-03) issued the following statement: “Thousands of federal employees did not receive their pay checks today because President Trump is holding them as hostages to get funding for a wall that he always promised would be paid for by Mexico. The shutdown has caused unnecessary financial pain to thousands but also jeopardized the security of our nation. This must stop.
December 22, 2018 Press Release
WASHINGTON, DC – Congressman Bobby Scott (VA-03) issued the following statement: “Republicans currently control the House of Representatives, the Senate and the White House, yet we are entering the third government shutdown this year. The Senate unanimously passed a bipartisan solution to keep the government open until February 8th while we continue to debate the best way to fund the government for the remainder of the fiscal year, and House Democrats were willing to support that compromise.
August 30, 2018 Press Release
NEWPORT NEWS, VA. – Congressman Bobby Scott (VA-03) issued the following statement after President Trump announced that his Administration would cut the cost-of-living adjustment for civilian federal employees and would eliminate locality pay across the board: “President Trump’s announcement today that he is seeking to freeze locality pay and deny federal employees a cost-of-living increase for 2019 is insulting to our federal workforce. It is puzzling that the President would do this at a time when his Administration has insisted that our economy is doing so well and his tax cuts for the wealthy are ‘paying for themselves.’
June 7, 2018 Floor Statements
Mr. SCOTT of Virginia. Mr. Speaker, 6 months ago, Congress passed a tax cut that cost almost $2 trillion that overwhelmingly benefited corporations and the wealthy. Today, the Republicans are asking struggling children and families to foot the bill. Nearly half of the $15 billion in cuts in the Trump-GOP recessions package targets the Children's Health Insurance Program, or CHIP. While $7 billion may be a rounding error in the corporate tax cut, eliminating this funding from CHIP will jeopardize its ability to ensure access to healthcare for the children and families who depend on the program every year.
April 12, 2018 Floor Statements
Mr. SCOTT of Virginia. Mr. Speaker, I rise in opposition to H.J. Res. 2. We often get distracted by debating the title of a proposed constitutional amendment without getting into serious discussion about whether or not the specific provisions will actually help balance the budget. If we are ever going to balance the budget, the fact is it is going to require Members to cast some tough votes, and many of these votes will be career-ending votes, and a constitutional amendment calling itself the balanced budget amendment cannot change that reality.
April 11, 2018 Press Release
WASHINGTON, DC – Ranking Member Bobby Scott (VA-03) issued the following statement after President Trump signed an Executive Order (EO) asking Departments to examine federal programs that support working families. “The Trump administration and Congressional Republicans want to pay for their $1.5 trillion tax cut for the wealthy and corporations by undermining federal programs on which millions of working families depend. By adding unnecessary bureaucratic hurdles and punitive work requirements, this executive order is likely to make it more difficult for families to access federal programs that help them make ends meet.
March 22, 2018 Press Release
WASHINGTON, DC – Congressman Bobby Scott (VA-03) issued the following statement after he voted in favor of the Omnibus Appropriations Act of 2018. “While this spending bill is about funding the government, it also a statement of values. When Congress prioritizes federal investments, the country makes progress. As a whole, I see this as a win for students. I support the increased investments in education from birth through college and rejection of misguided cuts proposed by the Trump administration. I am particularly encouraged by the increases for child care; k-12 education; school-based violence prevention; special education; TRIO and other higher education programs; and the maximum Pell award. In the President’s FY18 budget, he had proposed cutting, or outright eliminating, many of these programs.