Congressman Edolphus "Ed" Towns (D-NY10) went on record today in support of the $3.8 trillion budget for fiscal year 2013 presented to Congress today by the Obama Administration that doubles spending on the infrastructure over the next six years and provide $350 billion for a jobs plan. The President's budget plan includes significant cuts in energy and domestic programs and proposes raising $1.5 trillion in revenues over the next decade by increasing taxes on the wealthiest Americans.
"President Barack Obama has put forth a responsible budget proposal that will address many of the critical problems facing this country today, the foremost being the need to put millions of Americans back to work," Rep. Towns stated. "Investing in rebuilding the infrastructure of this country will bolster the economy by ensuring we preserve the highways and bridges needed to keep the economy moving and providing jobs for Americans that will result in greater demand in the economy and more revenues for the public sector."
Congressman Towns expressed his concern about some of the cuts to domestic programs particularly proposals to reduce spending on Medicaid and Medicare by $360 billion over the next ten years. "I understand the need for the President to present a balanced plan that reduces spending as well as increases revenues, but I am adamant that we will not balance the budget on the backs of our most vulnerable citizens," Towns stated.