Opposition to Financial Services Appropriations Bill

14th District Congressman Tom Graves opposed the Fiscal Year 2020 spending bill. As the Republican Leader of Appropriations Subcommittee on Financial Services and General Government, Graves specifically opposed the bill increasing spending over last year’s amount by 8 percent, or $1.8 billion.

Congressman Graves voiced his concerns as follows:

The total level of discretionary spending in this bill amounts to an 8 percent increase over last year. It also blocks funds to build a wall to secure our southern border. I’m also deeply concerned that it would provide the District of Columbia with a blank check without oversight, not to mention it would change current policy to allow the District to use taxpayer funding for abortions. As long as this bill contains these provisions it will never be signed into law.

The bill passed out of Subcommittee and is expected to be marked up by the full Appropriations Committee next week before heading to the House floor for a vote.

Last year, under Congressman Graves’ leadership as Chairman of the Financial Services and General Government Subcommittee, $585 million was cut from across the Fiscal Year 2019 spending bill. The bill created the Fund for America’s Kids and Grandkids, which safeguards funds for future generations. The money saved was used to make an initial deposit in the fund, which could only be accessed when the nation’s budget deficit is erased.  

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GrindelwaldBenevoluschefdavidDave Bearse Recent comment authors
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Dave Bearse
Dave Bearse

But he’s cool with printing more money to give to the rich.

Grindelwald
Grindelwald

He’s also cool with raising taxes on American consumers through Trump’s idiotic tariff policies towards China and, now, Mexico.

chefdavid
chefdavid

So this year the democrats want a 1.8 billion increase and last year under a republican we got a $585 million cut. Looks to me like we need the republicans back in.

Benevolus
Benevolus

So let’s see:
“The IRS collected about $93 billion more from individual American taxpayers than it did in 2017. Interestingly, that number stands close to the tax break amount that corporations received from the TCJA in 2018. Last year, big businesses paid $91 billion less in taxes than they had in 2017, prior to the new law’s passage.”
https://finance.yahoo.com/news/american-taxpayers-paid-nearly-100-billion-more-to-irs-under-trump-tax-law-194900782.html

So Graves was cool with cutting the budget by $585M while at the same time giving a $91 BILLION tax cut to corporations, and transferring that cost to the middle class.
Own it.