Tim supports a smart and balanced approach to budgeting that funds our national defense, children’s health care, education, substance abuse prevention, and other key programs. He has become a leader in helping Congress come to bipartisan, multi-year spending agreements that fund these critical domestic priorities and the military.
Tim is a supporter of two-year budgeting, a process he used as Governor of Virginia, to help businesses and agencies plan ahead and save money. Since taking office, Tim has raised concerns about the negative effects crisis-to-crisis budgeting has on the nation’s economy, and he has done everything he can to roll back the non-strategic sequester cuts that have been hurting our national security and communities across Virginia. Tim believes fiscal policy should not be determined by political brinksmanship, and he opposes across-the-board cuts that hurt key priorities like education and health care, hampering our economic growth. Tim will continue to fight back against any efforts to slash funding for Medicare, Medicaid, and Social Security — programs that offer a critical lifeline for seniors, people with disabilities, and the most vulnerable Americans. Tim is committed to finding common ground on budget reforms that strengthen the economy over the long run. He has always believed we should combine targeted spending reductions with strategic revenues by reducing tax loopholes. Tim was disappointed with the partisan Republican tax bill passed in December of 2017, which is projected to add more than $1.5 trillion to the deficit over the next 10 years while prioritizing big breaks to large corporations and those at the top over hardworking Virginia families. Tim supports reforms to the tax code that put middle-class families and small businesses first.