The House of Representatives today approved the House Budget Resolution for Fiscal Year 2013, the Path to Prosperity.
Representative Frank Guinta (R, NH-01) issued the following statement:
"For the second year in a row, the House has fulfilled its responsibility by passing a federal budget. That stands in stark contrast to the Senate, which hasn't passed a budget for three consecutive years. This generation has the opportunity to make what could be its greatest decision. We can stay on the current course of more spending, more debt and deficits, and more decline. Or we can seize this opportunity to change direction and restore discipline to our country's finances. The Path to Prosperity would cut spending by $5 trillion over a decade compared to the Obama Administration's budget proposal, would bring deficits below 3% of GDP by 2015, and would reform our tax code to eliminate loopholes for special interests and consolidate the current six tax brackets into two. Plus, it protects Medicare for the people who currently receive its benefits, and safeguards this important program for future generations as well. The Path to Prosperity is the best approach for reviving our stalled economy and for encouraging the return of good, middle class jobs."