WASHINGTON, D.C. – Today, Congressman Walter B. Jones (NC-3) voted in favor of legislation that would save taxpayer dollars by revising the formula for establishing the annual budget baseline. Currently, when the baseline is calculated, it automatically assumes that federal spending will increase in certain programs and is inflated as a result. This means that when the projected cost of a piece of legislation is compared to the baseline, it will be considered a spending “cut” if it does not exceed the inflated baseline number – when in reality it is still increasing spending. The Baseline Reform Act (H.R. 1871) would correct this problem by removing automatic inflators from the budget baseline formula.
“The federal government’s reckless spending is the single most pressing issue facing our nation today,” said Congressman Jones. “We need to enact real cuts to spending, not settle for the illusion of a cut while our national debt continues to grow. This legislation is an important step in that direction.”