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Issue Position: Fiscal Responsibility

Issue Position

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"We must restore fiscal responsibility to Washington. It is time to balance our budgets, reduce the deficit and create tax policies that help ALL Americans."

Peter Welch has a long record of fighting for fiscal discipline and fair tax policy. He will take to Washington the same fiscal responsibility he has shown in Vermont.

Peter believes that the economic policies of the Bush Administration and the Republican-led Congress are both radical and irresponsible. In just ten months, they turned an inherited record surplus into a record deficit. They gave tax cuts we can't afford to those who don't need them. The Republican Congress passed legislation cutting student aid, Medicaid, and funding for food stamps only to pave the way for more cut taxes for the wealthiest 1 percent of Americans. Peter believes their assault on the middle class must be stopped.

Peter holds fiscal discipline at the core his values and, like most Vermonters, understands that we must always keep our fiscal house in order. Peter works with all parties each year for balanced budgets in the legislature to assure adequate funding for our most important government programs. Most recently, he helped Vermont solve an $80 million Medicaid deficit created by the federal government without raising taxes or reducing access to health care. Peter also has a long career advocating fair and progressive tax policies. He believes the strength of our democracy depends on fiscal policies that are fair and create opportunity for all Americans.

In Congress, Peter will fight for: fair tax policies, including the expiration of the Bush tax cuts for the wealthy; a balanced budget that gives the government the ability to provide for the needs of its citizens; and the use of tax policy to foster economic development, technological innovation, and excellent educational opportunity.


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