Jeff Landry on Budget & Economy

	Jeff Landry on Budget & Economy

Budget won't rely on any pandemic-related federal funds

Last year, we managed to reduce spending by $2 billion compared to the previous year. This year's budget has been crafted without relying on any additional pandemic-related federal funds.

We anticipated a $558 million deficit for this year's budget. However, our tax reform efforts last year have helped stabilize our financial situation. For too long, our state has prioritized government expansion and tax increases without considering the burden on taxpayers. We are changing this approach.

Source: 2025 State of the State Address to the Louisiana legislature , Apr 14, 2025

Balance budget with no tax increases

Q: Will you support a Balanced Budget Amendment to the Constitution that includes hard spending limits and allows for no increase in taxes or other federal revenue enhancements?

A: Yes.

Q: Will you oppose all tax increases?

A: Yes.

Source: Campaign for Liberty survey of 2010 Congressional candidates , Nov 1, 2010

Proposing a balanced budget amendment to the US Constitution.

Landry signed Balanced Budget Amendment

Prohibits 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 3/5ths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts.
Requires a 3/5ths rollcall vote of each chamber to increase the public debt limit.
Directs the President to submit a balanced budget to Congress annually.
Prohibits any bill to increase revenue from becoming law unless approved by a majority of each chamber by rollcall vote.
Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

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

Supports the Cut-Cap-and-Balance Pledge.

Landry signed the Cut-Cap-and-Balance Pledge to limit government

[The Cut-Cap-and-Balance Pledge is sponsored by a coalition of several hundred Tea Party, limited-government, and conservative organizations].

Despite our nation`s staggering $14.4 trillion debt, there are many Members of the U.S. House and Senate who want to raise our nation`s debt limit without making permanent reforms in our fiscal policies. We believe that this is a fiscally irresponsible position that would place America on the Road to Ruin. At the same time, we believe that the current debate over raising the debt limit provides a historic opportunity to focus public attention, and then public policy, on a path to a balanced budget and paying down our debt.

We believe that the `Cut, Cap, Balance` plan for substantial spending cuts in FY 2012, a statutory spending cap, and Congressional passage of a Balanced Budget Amendment to the Constitution is the minimum necessary precondition to raising the debt limit. The ultimate goal is to get us back to a point where increases in the debt limit are no longer necessary. If you agree, take the Cut, Cap, Balance Pledge!

I pledge to urge my Senators and Member of the House of Representatives to oppose any debt limit increase unless all three of the following conditions have been met:
Cut: Substantial cuts in spending that will reduce the deficit next year and thereafter.
Cap: Enforceable spending caps that will put federal spending on a path to a balanced budget.
Balance: Congressional passage of a Balanced Budget Amendment to the U.S. Constitution -- but only if it includes both a spending limitation and a super-majority for raising taxes, in addition to balancing revenues and expenses.

Source: Cut-Cap-and-Balance Pledge 12-CCB on Jan 1, 2012

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