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Reports // News Room // Democratic Leader Nancy Pelosi
^List of bills passed by Democrats that reduce the long term Deficit.
1) ACA cuts the deficit by 150 billion in first ten years and a trillion in the next ten.
2) Two anti-offshoring jobs bills reduces the deficit each by several billion.
3) A food safety bill that reduces the deficit by several billion
4) Financial reform that sets up an alternative to government bailouts and sets regulations to prevent housing bubble/crises reduces the deficit by tens of billions.
5) Obamas administration has increased fines for pollution violations, wage theft, tax cheats, and companies that commit fraud,
6) Obama has reduces deportation of immigrants who are in college or in the military which will reduce the deficit by 1.4 billion.
7) Increased IRS funding to track down tax cheats which will reduce the deficit by 10 billion.
8) Began collecting royalties from oil companies which will reduce the deficit by 10 billion.
9) Removed student loan subsidies to big banks which will reduce the deficit by around 19 billion a year.
10) Increased funding for anti-fraud and abuse in government which has a cost benefit ratio of $1-$1.5.
11) Passed the improve acquisition act which cleans up wasteful military spending reduces the deficit by 20 billion a year.
12) Invested billions into more energy efficient government buildings and cars.
13) Passed the smoking prevention act which reduces the deficit by a billion.
14) Reauthorized CHIP making it cut the deficit by several billion.
15) Total deficit reduced over 20 years over 2 trillion
4billion energy efficiency program through the executive branch in 2011 expected to reduc e the deficit by near 40 billion dollars
Has reduced the long term deficit (over 20 years) by over 2 trillion dollars.
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