CROWLEY APPLAUDS HOUSE PASSAGE 2009 FEDERAL BUDGET
2009 Budget Reflects Democratic Priorities of Education, Balanced Budget and Reform of Tax Code
Congressman Joseph Crowley (D-Queens, the Bronx) applauded today's passage of the FY 2009 Federal Budget by the U.S. House of Representatives. The FY 2009 Budget prioritizes putting America on the right track through several key initiatives: getting our Federal fiscal house in order by balancing the budget within 4 years; investing in the education our children; fulfilling our promises to America's veterans; and making much needed reforms to the tax code.
"The 2009 Federal budget passed by the U.S. House of Representatives establishes the right national fiscal priorities that make sense for Queens, the Bronx, and the nation as a whole," said Congressman Joseph Crowley." After years of misplaced priorities and fiscally irresponsible spending by the Bush Administration, the Democratic-led Congress is ensuring that our government ends this Administration's borrow-and-spend habits.
"Our budget not only ensures that we live within our means, but it targets federal resources toward putting more cops on the beat, providing our children with access to healthcare, and bolstering our national security. It also eliminates a proposal put forward by the Bush Administration to tax veterans seeking medical care and provides tax relief to middle class families by ending the Alternative Minimum Tax and extending the child tax credit - saving Queens and Bronx families almost $2800 a year on average."
Highlights from FY 2009 Budget:
Fiscal Discipline Adherence to fiscal discipline, known as PAYGO, that mandates any new spending or tax cuts are paid for and not added to the nation's deficit. This ensures we start to run the country the way every American must run their household and ends 6 years of the Bush Administration's "borrow and spend" policies
Tax Relief for the Middle Class Ensures tax cuts for 23 million middle class Americans by ending the Alternative Minimum Tax (AMT) which would cause New Yorker's income taxes to rise by over $2,800 for people in Queens and the Bronx. Provides for an extension - instead of repeal as advocated by the Bush tax laws of 2001 and 2003 -- of the child tax credit, marriage penalty relief, extension of the 10% individual income tax bracket and elimination of most estate taxes
Ensuring Our Nation's Health Care needs are met Ends the raiding of the Medicare by President Bush and rejects President Bush's cuts to Medicare, Medicaid Eliminates the Veterans' Tax - a tax increase imposed by President Bush on veterans trying to receive care at VA hospitals, including St Albans, Bronx VAMC and 23rd Street Harbor Hospital in Manhattan
The Democratic plan also restores funding cut by President Bush to HEAP, contains and Affordable Housing Trust Fund to rehabilitate and build new affordable housing at no cost to the government and restores funding to the COPS program slashed by President Bush, so communities across the U.S. including New York City can have more police on the streets.
"The Federal budget is a reflection of our national priorities, and the Democratic-led Congress passed a budget today that puts our children, seniors, and veterans first while putting us on the right fiscal track during these uncertain economic times," said Crowley.
For a detailed summary of the Democratic budget, visit http://budget.house.gov/analyses/09summary_dem_budget_rev.pdf