Congressman Randy Neugebauer (R-TX) voted to pass the House Republican budget today. The Path to Prosperity, developed by House Budget Committee Chairman Paul Ryan, reduces spending by $4.6 trillion and balances the federal budget in ten years.
"This budget not only reins in government spending, but it does so while strengthening our safety net and kick-starting the economy," Neugebauer said. "It simplifies the tax code, preserves Medicare for current seniors, reforms it for future generations, and repeals Obamacare."
The Path to Prosperity winds down Fannie Mae and Freddie Mac, the failed government sponsored entities behind the 2008 housing crisis. Neugebauer has been an advocate for reforming these organizations and reducing their role in our housing markets. Additionally the budget gives states more flexibility in how to administer the Supplemental Nutrition Assistance Program (SNAP--also known as food stamps) to improve efficiency and reduce improper payments.
"Balancing our budget is the only responsible way to govern," Neugebauer said. "It's important for the future of our country, but it's also important to every American. It will allow our economy to create 5 million more jobs, and it will increase average income to more than $80,000 per year. Those are real results that matter to my constituents."
Neugebauer spoke out in favor of the Ryan plan to balance the budget on the House Floor last week. Watch those remarks here.