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

July 31, 2020 Press Release
WASHINGTON, D.C. – Congressman Bobby Scott (VA-03), the Chairman of the Committee on the Education and Labor, applauded the House of Representatives for passing H.R. 7617, the Defense, Commerce, Justice, Science, Energy and Water Development, Financial Services and General Government, Labor, Health and Human Services, Education, Transportation, Housing, and Urban Development Appropriations Act for 2021.
July 24, 2020 Press Release
WASHINGTON, D.C. – Congressman Bobby Scott (VA-03) issued the following statement after the House of Representatives passed H.R. 7608, an appropriations package that includes four FY 2021 spending bills: State-Foreign Operations, Agriculture-Rural Development-FDA, Interior-Environment, and Military Construction and Veterans Affairs. “Today the House passed a spending package that rejects harmful cuts proposed in President Trump’s budget and will bolster our national security, strengthen working families, invest in medical care for our veterans and protect the environment.
May 15, 2020 Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) issued the following statement after the House passed a fifth legislative relief package—the Heroes Act—in response to the COVID-19 crisis. “By passing the Heroes Act today, the House of Representatives took an important step toward confronting the full scale of this pandemic. The Heroes Act dedicates nearly $1 trillion in emergency relief to help states and local government avert devastating cuts, particularly to education, public safety, and basic services.
May 13, 2020 Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott issued the following statement after House Democrats introduced a fifth legislative package—the Heroes Act—in response to the COVID-19 crisis. “As result of the COVID-19 pandemic, our students and schools are facing unprecedented educational and financial challenges, our workers are experiencing unemployment rates not seen since the Great Depression, and our public health care system is straining to meet the demand for testing and treatment of this deadly disease.
May 12, 2020 Press Release
WASHINGTON, DC - House Democrats today introduced The Heroes Act, a bold and comprehensive coronavirus response bill that will meet the challenge this pandemic poses to our nation. The more than $3 trillion legislation protects the lives and livelihoods of the American people.
April 23, 2020 Press Release
WASHINGTON, D.C. – Today, Congressman Robert C. “Bobby” Scott issued the following statement after the House passed H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act – the interim funding package in response to the COVID-19 pandemic. “The interim funding legislation passed by the House today will provide urgent relief to vulnerable small businesses and their workers. Thanks to the efforts of Democratic leadership, this funding package sets aside $60 billion for small lenders, such as community-based banks and credit unions, so that small businesses without banking relationships can still access much-needed relief funds. The proposal also now includes $75 billion for struggling hospitals and an additional $25 billion to bolster testing capacity, which remains one of the biggest barriers to economic recovery. While these provisions help meet some important and immediate needs, this interim package is woefully inadequate compared to the scale of this crisis.
February 10, 2020 Press Release
WASHINGTON, DC – Congressman Bobby Scott (VA-03), the Chairman of the Committee on Education and Labor, issued the following statement after the White House released its Fiscal Year 2021 (FY 2021) budget priorities. “President Trump’s budget proposal is another shocking demonstration of the administration’s willingness to break its promises to the American people.
December 17, 2019 Press Release
WASHINGTON, DC – Congressman Bobby Scott (VA-03) issued the following statement after the House of Representatives passed House Amendment to the Senate Amendment to H.R. 1158 – Consolidated Appropriations Act, 2020 and House Amendment to the Senate Amendment to H.R. 1865 – Further Consolidated Appropriations Act, 2020: “These spending bills mark a bipartisan compromise and will help us avoid a harmful government shutdown. The funding approved in this legislation will meaningfully improve the lives of students, workers, and families across Virginia as well as the nation.”
July 30, 2019 Press Release
NEWPORT NEWS, VA – Representatives Bobby Scott (VA-03) and Donald McEachin (VA-04) will host a town hall meeting in Chesapeake, Virginia. This town hall will be an opportunity for constituents to learn more about the Representatives’ efforts to protect access to affordable health care, as well as hear more about the critical legislation House Democrats have passed in the first 200 days of the new Congress. This will be an opportunity for residents of the 3rd and 4th congressional districts to provide comments and ask questions.
July 25, 2019 Press Release
WASHINGTON, D.C. – Congressman Bobby Scott (VA-03) issued the following statement after the House of Representatives passed H.R. 3877, the Bipartisan Budget Act of 2019, which prevents draconian, across-the-board spending cuts scheduled for FY2020 and FY2021. It also suspends the debt ceiling for the next two years. “Eight years ago, congressional Republicans almost brought our country to the brink of fiscal calamity by playing a dangerous game of chicken with our nation’s debt ceiling.