Today I voted for the Republican fiscal year 2012 budget proposal, H.Con.Res. 34, to reduce spending, save critical programs for our seniors and future generations, and make the necessary reforms that will get our economy back on track. While no budget is perfect, this one takes important steps to putting our nation on sound financial footing.
The Republican budget for FY12 rolls back federal spending to pre-stimulus and pre-bailout levels and freezes it for five years. These are much needed changes to our former unsustainable spending levels. With no changes to those over 55, this budget also saves Medicare for tomorrow's seniors with patient-centered reforms. Importantly, this proposal provides flexibility to governors on Medicaid to make local decisions on how best to care for their residents.
This budget achieves these important goals by broadening the tax base while decreasing tax rates for both individuals and businesses and helping end corporate welfare. All told, this budget proposal saves $6.2 trillion dollars over the next decade. It cuts spending, grows the economy, creates jobs, and secures the future for our children and grandchildren.