U.S. Senator Tammy Baldwin, a member of the Senate Budget Committee, participated in today's Committee hearing which included the release of the Concurrent Resolution on the Budget for Fiscal Year 2014.
Both parties need to work together to tackle the dual challenges our country faces today -- stabilizing our debt and deficit without shortchanging our future, and continuing to move our economic recovery forward. In the past two years, we've made strong progress with a balanced approach that has achieved $2.4 trillion in bipartisan deficit reduction," said Senator Baldwin. "Now we need to do more to reach our goal of reducing the deficit by $4 trillion. We also need to do more to grow our economy. With our nation's unemployment at the lowest point in the past four years, now is the time to continue taking a balanced and responsible path forward."
Today, the Committee released the budget and heard opening statements from Committee members. Thursday, the Committee will take amendments and vote on the resolution. The bill is expected to reach the floor of the Senate next week. The Fiscal Year 2014 Senate Budget builds on the work done over the last two years to create jobs, invest in broad-based economic growth, and responsibly tackle our deficit and debt. This budget takes the balanced approach to our fiscal challenges that every bipartisan group has endorsed and that the American people support. It includes responsible spending cuts made across the federal budget, as well as significant new savings achieved by eliminating loopholes and cutting wasteful spending in the tax code that benefits the wealthiest Americans and biggest corporations.
"This is a budget that moves our economic recovery forward, puts Americans back to work, strengthens the middle class, and reduces our deficit," said Baldwin. "Instead of locking in the arbitrary cuts of the sequester that will slow economic growth and cost our economy 750,000 jobs, this budget makes smart spending cuts and invests in our economy in way that will build off the 236,000 jobs our country created last month. Today, with this budget plan we are staking a claim to the path of progress we are on. It is the right path forward for the economy and the right path for hard working middle class families."