Arnold Ventures Reacts to House Vote on Senate Budget Resolution

“True reform isn’t just about extending tax cuts — it’s about doing so responsibly, without adding to the deficit or shifting the burden onto future generations.”

George Callas, executive vice president for public finance at Arnold Ventures, provided the following statement in response to the House of Representatives’ passage of the Senate’s proposed budget, which includes the reckless proposal to use ​“current policy baseline”:

“In the face of a bill that sets dangerous precedents and abandons fiscal responsibility, we want to thank the lawmakers who fought for a better path forward. They are refusing to play politics with our fiscal future and are focused on doing what’s right: strengthening the economy while preventing a debt crisis. 

“True reform isn’t just about extending tax cuts — it’s about doing so responsibly, without adding to the deficit or shifting the burden onto future generations. The resolution passed today does the opposite. It charts a course toward more debt, more market instability, and even deeper erosion of public trust. The adoption of a current policy baseline alone will make it even harder to maintain fiscal discipline in the future. 

“We remain committed to working with lawmakers in both chambers on real, bipartisan solutions that ​‘do both’: extend tax relief and pay for it. The stakes are too high for anything less.”