Thursday, April 28, 2011

Mitch McConnell announced Thursday that the Senate will vote on the budget President Obama submitted to Congress in February

Mitch McConnellLOUISVILLE– U.S. Senate Republican Leader Mitch McConnell announced Thursday that the Senate will vote on the budget President Obama submitted to Congress in February.

The President’s budget has already drawn bipartisan opposition because it spends too much, taxes too much, and borrows too much. If implemented, it would raise more than a trillion in new taxes, add another 13 trillion to the already unsustainable national debt and do absolutely nothing about the looming entitlement crisis or to preserve the promises Congress has made to future generations. The vote will allow members of the Senate to show whether or not they believe this budget, which one senior Democrat said “fundamentally puts at risk the economic security of the country,” is the right approach for our nation’s economic future.

“I understand that the Majority Leader would like to have a vote on the House-passed Ryan budget and we will,” McConnell said. “But we’ll have a vote on the President’s budget at the same time. Since there is no Democrat budget in the Senate, we’ll give our colleagues an opportunity to stand with the President in failing to address the problems facing our nation while calling for trillions in new spending, massive new debt and higher taxes on American energy, families and small businesses across the country.”

The Senate returns on Monday, but there is no date scheduled for the Majority Leader’s planned vote on the Ryan budget. The Democrat-led Budget Committee has yet to produce a budget or schedule a “mark up” of a budget resolution. This would be the second straight year without a budget resolution in the Senate.

“While Democrats have refused to offer a budget for the second year in a row, failed to protect families from policies that increase the price at the pump, and have yet to offer any serious plan to protect future generations from this administration’s spending spree, Republicans aren’t waiting for the next election to act.” McConnell said. “We are committed to creating an environment where jobs can come back, stopping the administration’s war on American energy during record gas prices, reducing the massive debt that is slowing job growth, and working to repeal the job-destroying health spending law and replacing it with commonsense reforms that actually lower costs.”

McConnell added: “House Budget Chairman Ryan presented, and the House passed, a budget to address our most pressing problems head-on at a moment when the President and other Democrat leaders simply refuse to do so themselves. It’s my hope that our friends on the other side recognize this effort for what it is — a serious, good-faith effort to do something good and necessary for the future of our nation and that, for the good of the nation, they’ll join in the effort at some point before it’s too late.”

TEXT CREDIT: U.S. Senate Republican Leader Mitch McConnell Washington Office. 317 Russell Senate Office Building. Washington, DC 20510. Phone: (202) 224-2541, Fax: (202) 224-2499

IMAGE CREDIT: This work is in the public domain in the United States because it is a work of the United States Federal Government under the terms of Title 17, Chapter 1, Section 105 of the US Code.

Wednesday, April 27, 2011

Eric Cantor Discusses Budget, Debt Limit & Tax Reform VIDEO


On the Debt Limit: “America pays its bills. Everybody agrees that we've got to pay our bills. I don't think that comes at the exclusion of trying to fix the problem. We are in a debt crisis. The markets, global investors, the American people are expecting us to deliver on our commitment that we're going to change the spending crisis in Washington. So, together with the debt limit vote there has to be some real reforms, and I mean real, not the typical Washington, kick the can down the road stuff, but real things that can produce savings and actually begin to change the way that the culture works.”

On Tax Reform: “In a reformed tax code, what we are saying is lower rates, broaden the base, and get rid of the special interest loopholes. Each year what happens, in the crony capitalist spirit, is that industries go to Washington and try to get an advantage in the tax code. We want to stop that. Now, can you stop it right now? No. But we want to make sure we put in place ways to go about affecting real tax reform to bring down rates. We want to grow this economy again. We want to grow this economy so you do have increased revenues while you're trying to hold down the spending side.”

VIDEO CREDIT: EricCantor

TEXT CREDIT: Eric Cantor Majority Leader Washington, DC 303 Cannon Building Washington, DC 20515 P: 202.225-2815 F: 202.225-0011