Reform & Fiscal Responsibility
The Obama Administration is working together with policymakers and private industry to safely grow our economy, while creating jobs and helping small businesses thrive.
President Obama has led the way on structuring the government to live within its means through a balanced approach that protects key priorities and ensures that everyone pays their fair share.
President Obama’s plan to create a 21st-century regulatory system – one that protects public health and welfare while promoting economic growth, innovation, competitiveness, and job creation – has already identified more than $10 billion dollars in savings over the next five years.
For decades, rising health care costs have hurt American competitiveness, forced too many individuals into bankruptcy to get their families the care they need, and driven up our nation’s long-term deficits. That’s why, after years of inaction in Washington, President Obama took on the insurance companies to pass comprehensive health insurance reform.
The President is committed to reducing the deficit through a balanced approach—one that restrains spending across the budget, including in the tax code; asks the wealthiest among us to contribute to deficit reduction; and lays the foundation for future growth.
Instead of accepting the status quo, President Obama has worked from day one to change how business is done in Washington. Under his direction, the Administration has moved to eliminate wasteful spending, streamline what works, and modernize how government operates to save money and improve performance.
In 2011, President Obama signed a bipartisan compromise that cut nearly $1 trillion in spending over the next decade, reducing discretionary spending to its lowest level as a share of the economy since Dwight D. Eisenhower was president while protecting job-creating investments like education and research. Learn more
As part of President Obama’s plan to create a 21st regulatory system, government agencies have identified over 580 proposals to reduce regulatory costs and streamline federal regulations. Just a fraction of those reforms will save more than $10 billion over the next five years and eliminate tens of millions of hours of paperwork. Learn more (PDF)
The Affordable Care Act provides new tools to help crack down on waste, fraud, and abuse in Medicare, Medicaid and other health care programs. Already, the number of individuals charged with criminal fraud increased from 797 in 2008 to 1,430 in 2011. Learn more (PDF)
The Buffett Rule is a principle of tax fairness that asks everyone to pay their fair share by making sure that no household making more than $1 million each year pays a smaller share of in their income in taxes than a middle class family pays. Learn more
The Campaign to Cut Waste is hunting down and eliminating misspent tax dollars across the federal government, already identifying $3 billion in information technology cost reductions, shutting down hundreds of duplicative data centers, and getting rid of excess federal real estate. Learn more