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Public Statements

Concurrent Resolution on the Budget for Fiscal Year 2013

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. GUINTA. Mr. Chairman, I rise today to add my voice to those calling for the passage of the Path to Prosperity.

Mr. Chairman, we are in a debt crisis in this Nation. We have a spending crisis in this Nation. This Congress was sent here just a year ago to fix and solve these problems; and we have, for the second year in a row, offered solutions. We have offered ideas, and we will continue to work with the other side of the aisle to try to find what we all believe is a more prosperous Nation.

For too long, job creators in my home State of New Hampshire have paced on the sidelines. They tell me over and over that we want to expand our payrolls, we want to see stability and predictability from Washington first. But that hasn't happened.

Mr. Chairman, it's not asking too much for our Nation to see what good, sound fiscal policy looks like, and we ought to provide that opportunity. We ought to pass this piece of legislation.

The Path to Prosperity gives job creators the confidence to resume doing what they do best: innovate, operate, and expand their businesses and their job opportunities for the rest of us.

It does so by reducing spending $5.3 trillion over the next decade. We slowly bring the deficit below 3 percent of GDP as quickly as 2015, and we have a path to balance this Nation's budget.

We also do this by reforming our Tax Code. Consolidating six tax brackets down to two, 25 and 10 percent, and on the corporate side reducing the rate from 35 to 25, going to a territorial system, allowing the opportunity for our economy to once again be thriving.

The best way to sustain a lasting economic recovery is to remove the hurdles and the barriers that are holding back job creators; and this budget, Mr. Chairman, does just that.

I urge my colleagues to pass the Path to Prosperity, and I call on the Senate to approve it as well.

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