|
Ellmers praises fiscally responsible, balanced budget
Story Date: 5/1/2015
| |
Source: PRESS RELEASE, 4/30/15
Congresswoman Renee Ellmers (R-NC-02) released the following statement after voting on the FY16 Budget Conference Report:
“Tonight marks a historic moment. For the first time since 2001, the House has passed a balanced budget—and we’ve done so without raising taxes. Unlike the president’s budget proposal, this budget achieves the notion of fiscal responsibility – most importantly, it puts an end to Obama’s motto of “more spending, more taxes, more debt.”
“This strong, conservative budget fulfills one of my most important responsibilities as a member of Congress: to provide certainty and stability to American families and to protect future generations from overwhelming debt. This budget places us on a path toward economic prosperity in establishing 1.2 million new jobs and saving taxpayers $5 trillion over the course of the next 10 years.”
“It’s simple: North Carolinians deserve a budget that balances. They deserve a budget that prioritizes economic growth and boosts prosperity, and I’m proud to stand with my colleagues in support of this measure.”
This evening, the House of Representatives voted on the Conference Budget Report, which establishes a budget for the United States government and sets the appropriate budgetary levels for fiscal years 2017 through 2025. A summary and key facts detailing the Conference Agreement is provided below, courtesy of the House Budget Committee.
Congressional Balanced Budget Resolution:
• Balances the Budget within 10 years without Raising Taxes
• Ensures a Strong National Defense
• Repeals Obamacare to Start Over with Patient-Centered Reforms
• Strengthens Medicare
• Protects Social Security
• Supports a Healthier Economy and Stronger Economic Growth
• Improves Efficiency, Effectiveness & Accountability of Government
Congressional Balanced Budget by the Numbers:
• $5+ trillion in savings.
• $32 billion surplus in 2024, $24 billion surplus in 2025, and stays in balance in the out-years.
• $400 billion in additional economic growth over the next 10 years, according to CBO.
• 1.2 million additional jobs over the next 10 years, based on CBO data.
• 2001 – Restores the trust of hardworking taxpayers by passing the first joint ten-year balanced budget resolution since 2001.
# # #
|
|
|
|
