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Rep. Pascrell: President's Budget Proposal Spurs Economy and Jobs while Reducing Deficit

Statement

By:
Date:
Location: Washington, DC

U.S. Rep. Bill Pascrell, Jr. (D-NJ), a member of the House Budget Committee and House Ways and Means Committee, released the following statement in reaction to President Barack Obama's proposed budget.

"Today the President proposed a plan that will accelerate the recovery and job creation we have seen over the last few months. It also puts us on a credible and responsible path to paying $4 trillion toward our national deficit. This is the first step in the budgetary process. I will work with my colleagues on the Budget Committee to improve his request," said Pascrell, a senior member of the House Budget Committee.

"Among the strengths of the President's proposal is the extension of the payroll tax cut through the end of 2012 and elimination of unfair tax breaks for the wealthiest Americans. It provides $30 billion to keep teachers in classrooms and police and firefighters working in our communities. I am particularly grateful for the $1 million that is allocated to the U.S. Army Corps of Engineers for the Passaic River re-evaluation study that is critical to helping flood-prone areas of northern New Jersey. Most importantly, the President's proposal includes a $350 billion plan for creating jobs in America. Clearly, the President is focused on what America needs most. So am I. Our recent economic growth demonstrates that smart federal investments effectively create jobs and strengthen the middle class. We're on the right track, and we cannot afford to take our eye off the ball by succumbing to an extremist slash and burn budgeting approach, epitomized by the Ryan budget that ends Medicare."


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