Today Rep. Ralph Hall (TX-04) voted with a House majority in favor of H.Con.Res. 112, Fiscal Year (FY) 2013 Budget Resolution, the "Path to Prosperity" which passed 228-191.
"While this bill is not perfect, I agree with the bill's overall thrust," said Hall. "The Path to Prosperity gives a specific timeline to balance our budget and focuses on the importance of reining in out-of-control federal spending so that we can restore America's economy."
Hall continued, "Under the President's policies over the past three years, America has seen the average price of gasoline rise to nearly $4 per gallon, the unemployment rate remain at or above 8% for 38 months, 6.4 million more Americans living in poverty, and a 45% increase in food stamp recipients. The President's budget proposal, which would continue these failed policies, is unacceptable and received zero votes when the House voted today. Not even his fellow Democrats could support it.
"Republicans in the House take the future of America's economy seriously, which is clearly demonstrated in the budget passed today. This budget honestly addresses the drivers of America's debt and seeks to actively balance the budget."
The Path to Prosperity would:
Reduce spending by $5.3 trillion over the next decade;
Reduce the size of government to 20% (currently 24%) of the economy by 2015;
Repeal the President's health care law;
Unlock American energy production to help lower energy costs, create jobs, and reduce dependence on foreign oil; and
Replace the discretionary sequester triggered under the Budget Control Act with mandatory spending cuts that protect national security and our troops.
"This budget also seeks to reform the broken tax code by lowering rates and closing loopholes, and puts hardworking taxpayers ahead of special interests. Tax rates for individuals, businesses, and families would be set into one of two tax brackets at 10% or 25%, while corporate rates would be set at 25%. By making the tax code simpler, fairer, and more competitive, we can spur job creation and economic opportunity.
"There are portions of this bill I believe need additional work - namely that Congress needs to do more to protect and secure Medicare for future generations. This is not the bill's final version, and I look forward to making this a better bill as the budget process continues."