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Bill Cassidy on Budget & Economy

 

 


Congress needs to fix Washington's spending problem

The solution to Washington's spending problem will never be taking more money from American families. While Nancy Pelosi and Chuck Schumer are trying to elect more liberals to raise your taxes, I have worked to put more money in your pocket. Republicans passed the largest tax cut in a generation and are working to eliminate waste, fraud and abuse in government. Congress needs to fix Washington's spending problem and we need more fiscal conservatives in office to do it.
Source: 2026 Louisiana Senate campaign website BillCassidy.com , Mar 20, 2025

Supported the $1.2 billion bipartisan infrastructure bill

The $1.2 trillion infrastructure is over five to eight years It won't worsen inflation, it will create jobs. The $1.2 trillion is good for the United States of America. It would be bipartisan, representing the interest of all 50 states, not just those represented by Democrats. It actually addresses pent-up demand for roads and bridges in my state, across the nation, and other things important.
Source: Fox News Sunday 2021 interview of Louisiana Senator , Jul 18, 2021

Eliminate blatant waste, fraud & abuse that plagues country

Q: What government spending would you reduce in order to balance the budget?

A: We must start by eliminating the blatant waste, fraud and abuse that plagues our country. I have already passed legislation like the EGO Act and the MEGABYTE Act to eliminate wasteful government spending. I have also passed legislation to close loopholes costing taxpayers billions of dollars on prescription drug prices.

Source: AFA iVoterGuide on 2020 Louisiana Senate race , Nov 3, 2020

Supports bipartisan proposal for $500 billion in state aid

Worst off of all [economically under the pandemic]? That would be Louisiana. Take away oil, restaurants, and tourism, and the Big Easy is in big trouble. It could be facing a budget hole equal to 34% of its 2019 revenues.

The fact that Louisiana is currently facing a dark pit of fiscal despair might have something to do with why one of its Republican senators, Bill Cassidy, has bucked his party and endorsed a bipartisan proposal to provide $500 billion in aid to states.

Source: Slate e-zine on 2020 Louisiana Senate race , Apr 29, 2020

Stop out-of-control spending & end earmarks

Bill believes Washington needs to stop out-of-control spending and lower taxes for small businesses and families. He's been an outspoken advocate against earmarks and believes that we must reform our spending programs if we hope to leave sustainable safety nets for our future generations.
Source: Vote-USA.org on 2020 Louisiana Senate race , Oct 22, 2014

Stimulus bill includes extraneous items

Cassidy says he would vote for an $800 billion stimulus package if its spending measures were "timely, targeted and temporary." Cassidy argues the $820 billion bill that passed the House without a Republican vote is "two bills tied into one." It includes a job-creation bill with tax cuts and infrastructure projects that would work, along with needed increases in Medicaid, and a spending bill that is unrelated to stimulating the faltering economy.
Source: Business Report on 2020 Louisiana Senate race , Feb 5, 2009

Stimulus package opposed; will hurt economy

Cassidy says that he voted against the stimulus package that was chosen, but instead voted for a stimulus that gave $80 billion to construction projects. This number was cut to $29 billion in the package that was passed. Cassidy points out that the unbiased Congressional Budget Office has said that the stimulus package that passed will likely hurt our economy in ten years, because it borrows so much money, leaving no money to expand our economy.
Source: Legal Lines with Locke Meredith: 2020 Louisiana Senate race , Feb 5, 2009

Balanced Budget Amendment with 3/5 vote to override.

Cassidy signed H.J.RES.1& S.J.RES.22

Constitutional Amendment to prohibit outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts.

Source: Joint Resolution for Amendment to the Constitution 09-HJR1 on Jan 6, 2009

Proposing a balanced budget amendment to the US Constitution.

Cassidy signed Balanced Budget Amendment

RESOLVED by the Senate and House of Representatives of the United States of America in Congress assembled (2/3rds of each House concurring therein), That the article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of 3/4ths of the several States within 7 years after the date of its submission for ratification.

This article shall take effect beginning with the later of the second fiscal year beginning after its ratification or the first fiscal year beginning after December 31, 2016.

Source: H.J.Res.2 11-HJRES2 on Jan 5, 2011

Audit the Federal Reserve & its actions on mortgage loans.

Cassidy co-sponsored Federal Reserve Transparency Act

The Federal Reserve Transparency Act directs: