Rep. Mike Thompson Releases Statement on Budget Introduced Today by House Majority

Statement

Congressman Mike Thompson (CA-1), a senior member on the House Ways and Means Committee, made the following statement on the House Republican's budget proposal that was released today:

"The budget released today by the House Majority falls short of making sure hard working families get the fair shake they deserve. It provides tax breaks to those who need them the least at the expense of our seniors and those who need them the most, and it turns the guarantee of Medicare and retirement security into a voucher that will shift higher and higher costs to seniors over time.

"I support simplifying the tax code but it needs to be done responsibly. A plan like we saw today that balances tax breaks on the backs of our seniors and pays for tax breaks by undermining the very things we need to grow our economy and create jobs -- things like education, innovation, and new sources of energy -- is not responsible.

"We need to invest in rebuilding our infrastructure so we can put people back to work fixing our roads, schools and bridges. We need to invest in new economic engines like renewable energy that will create jobs. And we need to invest in education so that our nation continues to have the world's best entrepreneurs and innovators to compete in the global economy. If we make these smart investments, if we make a commitment to shared responsibility, and if we ask everyone to pay their fair share, then we can pass a budget that creates jobs, protects our seniors and supplies a long-term solution to our national debt."

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