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Congressman Jim Costa

Representing the 16th District of California

Fiscal Responsibility

Increasing our water supply and investing in Valley communities are critical to renewing our economy. However, long-term and sustainable growth also relies on getting our nation’s fiscal house in order.

Today, the national debt is approaching $20 trillion dollars, which is approximately $61,350 per U.S. citizen, and ensuring a robust 21st century U.S. economy will require Congress to get our fiscal house in order. As a co-chair of the Blue Dog Coalition, I will continue supporting fiscally sustainable policies that will grow our Valley and U.S. economy.

Just as no single reason led to the deep deficits now facing our country, there are no silver bullets or quick fixes to getting our country back on track. Putting our fiscal house in order will take hard work and tough decisions. This means reviewing and terminating unnecessary federal programs; ending expensive policies that encourage companies to ship American jobs overseas; and eliminating so much of the fraud, waste, and abuse draining our government’s resources.

As Americans, we must be honest about our long-term economic obligations and work together to get the job done. To learn more about some of the measures I have supported to help increase accountability and fiscal responsibility, you can visit the Blue Dog website here.

More on Fiscal Responsibility

Nov 16, 2017 Press Release

WASHINGTON, DC – Today Congressman Jim Costa (CA-16) released the following statement after the U.S. House of Representatives passed the Tax Cuts and Jobs Act:

Nov 2, 2017 Press Release

WASHINGTON, DC – Today Congressman Jim Costa (CA-16) released the following statement after the release of the House Republican tax bill, the Tax Cuts and Jobs Act:

“Americans need long-term tax reform that makes the tax system fairer, simpler, and incentivizes pro-growth investments that serve the economic interests of all Americans. This requires a bipartisan deliberative process that skillfully examines various options for reform and carefully considers their consequences. This is good governance.

Oct 5, 2017 Press Release

WASHINGTON, DC – Congressman Jim Costa (CA-16) issued the following statement today after the U.S. House of Representatives voted on House Continuing Resolution 71 and other alternative budget proposals, each of which would establish the federal budget for fiscal year 2018 and position budgetary levels for fiscal years 2019 through 2027:

May 24, 2017 Press Release

WASHINGTON, DC – Today, Rep. Jim Costa (CA-16) released the following statement in reaction to President Donald Trump’s proposed budget:

“The President’s budget, if adopted by Congress, would do great harm to our Valley, to California, and to our nation. Since I was first elected, I have called for a balanced budget that reduces our nation’s unsustainable debt and provides opportunities to advance the economic and social well-being of all Americans. This budget proposal simply fails that test.

Feb 15, 2013 Press Release

Washington, DC – Rep. Jim Costa called on Speaker Boehner and Leader Pelosi to bring up legislation to avoid the impending sequester that could be devastating to the Valley and nation’s economy. Without Congressional action, an automatic across-the-board $85 billion in cuts would be triggered on March 1st and another $1 trillion over the next 10 years. Costa voted earlier today to keep the House in session to allow time for debate of legislation to avert sequestration.