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Congressman Ted Lieu

Representing the 33rd District of California

Budget and Finance

Congressman Lieu at a recent Budget Committee Hearing

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“In California—the eighth largest economy in the world—we put our fiscal house in order by investing in core priorities instead of giving tax breaks to the ultra-wealthy.  I look forward to working with my colleagues on both sides of the aisle to set national budget policy that raises the wages of the middle class; protects Medicare and Social Security, and invests in infrastructure, education, and innovation.”

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More on Budget and Finance

May 5, 2017 In The News

It was designed as a security measure to increase protection of internet users across the globe.

But hackers have used a well-known security vulnerability in worldwide mobile telecoms networks to steal access codes to online bank accounts.

The exploit could be used against any bank that uses two-step login verification, as well as high-profile websites like Facebook, Google and many others.

May 5, 2017 In The News

Hackers have exploited the Signaling System #7 international telecommunications signaling protocol as part of a two-stage attack designed to drain money from people's online bank accounts.

The attacks successfully targeted online bank account holders in Germany by using call-forwarding features built into the SS7 protocol, German daily newspaper Süddeutsche Zeitung reports.

May 4, 2017 In The News

Tax Refunds Have Hackers Working Hard For Your Money

Hackers have taken advantage of a known security vulnerability in mobile networks that allowed them to intercept two-factor authentication messages to hijack user login information and drain bank accounts.

May 4, 2017 In The News

We've known for years that a key protocol that allows global cellular networks to communicate with each other had vulnerabilities -- and nobody really took it that seriously.

April 26, 2017 In The News

Rep. Ted Lieu (D-Calif.) blasted President Trump’s proposed tax reform policy on Monday, calling it “voodoo economics on steroids" that's as credible as the existence of "magic, unicorns, or Batman."

April 26, 2017 In The News

The Trump administration prepared Wednesday to release a tax reform plan that calls for big corporate rate cuts and an increase in standard deductions, a pricey package that could face an uphill climb in Congress.

“This is going to be the biggest tax cut and the largest tax reform in the history of our country and we are committed to seeing this through," Treasury Secretary Steve Mnuchin said during a morning forum sponsored by The Hill.

April 26, 2017 Press Release

FOR IMMEDIATE RELEASE

WashingtonToday, Congressman Ted W. Lieu (D | Los Angeles County) issued the following statement regarding President Trump’s proposed tax plan.

“I can explain in one word why the Trump tax plan and Trumpcare are both disasters: math.  No matter how hard the President and Republicans spin it, 2 + 2 will never equal 5.”

March 22, 2017 Press Release

FOR IMMEDIATE RELEASE

MEDIA ADVISORY:
REP. TED W. LIEU ON HBO’S REAL TIME WITH BILL MAHER
THIS FRIDAY, MARCH 24th 10PM ET | PT

March 17, 2017 Press Release

FOR IMMEDIATE RELEASE

WashingtonToday, Congressman Ted W. Lieu (D | Los Angeles County) issued the following statement on President Trump’s budget blueprint for Fiscal Year 2018.

“I have now reviewed Donald Trump’s first budget.  It is a ridiculous budget from a ridiculous President.  His crazy budget proposal is a disaster and it’s dangerous.” 

March 9, 2017 In The News

It costs the taxpayers of L.A. County $177 a day to keep someone in the "largest and most costly local jail system in the United States," according to a motion by county supervisors Sheila Kuehl and Hilda Solis. About half the people in those cells are presumed innocent and awaiting trial, and according to Sheriff Jim McDonnell, most in that group can't afford bail.

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