Smith Statement on Passage of Path to Prosperity Budget
Washington,
Mar 29, 2012 -
The House of Representatives today passed the FY 2013 House Republican budget resolution to cut federal spending and address the national debt crisis. The Path to Prosperity, introduced by House Budget Committee Chairman Paul Ryan (R-Wis.), passed by a vote of 228-191. The plan includes real spending discipline, patient-centered health care reforms, and pro-growth tax reform.
Chairman Smith issued the following statement today after the House budget vote.
Chairman Smith: “Since President Obama took office, almost one million more Americans are out of work and we have run up the three largest deficits in U.S. history. But the President’s solution to the nation’s debt crisis is more of the same. The President’s budget proposal increases spending by $1.5 trillion. And to pay for this increase in spending, the Obama administration imposes a $2 trillion tax increase on American taxpayers. The President’s policies of higher taxes and increased government spending are making the economy worse.
“Compared to the President's proposal, the Republican plan cuts spending by $5 trillion and reduces deficits by over $3 trillion. The Republican Path to Prosperity puts our country on the road to recovery by stopping President Obama’s tax increases and repealing his government takeover of health care, which the Congressional Budget Office now estimates will cost twice as much as originally thought. The Republican budget is a good step in the right direction, but more must be done to reduce the deficit and protect our nation’s future. I will continue to support legislation that cuts government spending, reduces waste, reins in burdensome regulations and helps grow our economy.”
More information about the Path to Prosperity Budget can be found at: http://budget.house.gov/prosperity/.
