U.S. Rep. Vern Buchanan, R-FL, issued the following statement in response to the release of President Obama's proposed budget for the next fiscal year beginning October 1, 2012.
"With nearly 13 million Americans out of work, and Florida's unemployment higher than the national average, we need to do everything possible to reduce the deficit and create jobs," Buchanan said. "Unfortunately, the President's budget request doesn't do enough to grow the economy and tackle America's debt crisis."
Specifically, the President's budget blueprint projects a deficit for this year of $1.33 trillion. It also adds $3.8 trillion in federal spending for 2013.
"Repeating the mistakes of the past defies common sense if we're ever to get our fiscal House in order," said Buchanan. "It is essential that both parties come together and put an end to the reckless pattern of borrowing and spending that has put our country on a road to bankruptcy."
Buchanan also said that raising taxes on families and small businesses in a downturn economy will only stifle future job growth.
"If we are serious about reducing unemployment and strengthening our economy, we should not punish small businesses with higher taxes at a time when our economy continues to struggle," said Buchanan, responding to the $1.5 trillion tax increase proposed in the President's plan. "America's greatness comes from its people and their innovation, not more government intrusion."