Over the past decade, irresponsible spending and borrowing in Washington has created a financial crisis that threatens future generations and limits our immediate ability to appropriately prioritize needed investments. We need to balance the budget, but we must be smart about it. We shouldn’t balance the budget on the backs of seniors or at the expense of investments in infrastructure that creates jobs. In Congress, I’m working for smart, targeted cuts to reduce the deficit that take us in the right direction and do not add to the debt.
That’s why I support a budget that reflects our priorities in central and northwest Connecticut – helping create good-paying jobs, investing in transportation and our children's education, and keeping our commitments to our seniors.
We need serious solutions. We cannot afford to live under the threat of default or government shutdowns, both of which put the full faith and credit of the United States in jeopardy and undermine the predictability businesses need to make long-term investments. I’m committed to working for long-term solutions to boost job creation and reduce our debt in smart ways.
For more information on my work and views on the budget and smart spending or to let me know your thoughts, questions or concerns, please contact me. I look forward to hearing from you.
More on Fiscal Responsibility
President Trump’s economic team unveiled its long-awaited tax reform package Wednesday, with a top corporate rate dramatically lowered from 35 percent to 15 percent. “It’s a great plan,” Trump said. “It’s going to put people back to work.”
But for corporate America, is a 20-point drop too much of a good thing? Is 15 percent too much, too little or just right?
WASHINGTON, D.C. – Congresswoman Elizabeth Esty (D-CT), House Veterans Affairs Committee Ranking Member Tim Walz (D-MN), and their Democratic colleagues today released a statement opposing draft legislation proposed by Committee Chairman Phil Roe (R-TN). The proposal would institute a monthly reduction in pay for troops as a means of offsetting the cost of expanding G.I. Bill eligibility and longevity for future veterans.
(Hartford, CT) – The Connecticut Congressional Delegation today announced a $5.5 million federal grant from the U.S. Department of Health and Human Services to support Connecticut efforts to combat the opioid epidemic. The funding is the first of two rounds from the bipartisan 21st Century Cures Act, signed into law by President Barack Obama in December. The law included emergency federal funding to fight opioid addiction, as well as significant reforms to the mental health system and funding for medical research on cancer and other diseases.
U.S. Rep. Elizabeth Esty, D-5, visited Thomaston Monday to speak with members of the local business community on federal tax reform being considered by Congress.
Esty discussed a number of proposals that had been put forward for deliberation, including increasing the threshold for the standard deduction — which would likely spur more people to forgo filing an itemized deduction; potentially repealing or changing the estate tax, and a border-adjustment tax.
Thomaston First Selectman Edward Mone said he wants to preserve deductions for property taxes.
WASHINGTON, D.C. – Reps. Elizabeth Esty (D-CT), Frank LoBiondo (R-NJ), and Bonnie Watson Coleman (D-NJ) led a bipartisan group of 124 representatives urging House leaders not to cut federal funding to veteran suicide prevention and outreach programs.
In a letter to the Chairman and Ranking Member of the Appropriations Subcommittee on Military Construction, Veterans Affairs and Related Agencies, the representatives requested $173 million in funding in FY 2018 funding to address the veteran suicide crisis, the same as the FY 2017 funding level.