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Senator Coons Votes for Budget that Promotes Growth and Job Creation While Reducing Deficit

Statement

By:
Date:
Location: Washington, DC

U.S. Senator Chris Coons voted in the Senate Budget Committee on Thursday night for a budget resolution that takes a balanced and responsible approach to our nation's fiscal challenges. The plan passed on a 12-10 vote after a daylong committee mark-up that included votes on nearly three dozen amendments. Senator Coons cast votes in favor of balanced deficit reduction measures that included investments in America's future and against amendments that would have undermined our long-term competitiveness and failed to protect the most vulnerable in our society.

"Any fiscally responsible budget must prioritize economic growth, including creating jobs and improving our competitiveness in the global economy," Senator Coons said. "The Budget Committee took an important step forward this week, passing a budget resolution for the first time in three years. Agreeing to a budget is critical if Congress is going to seriously reduce our country's dangerous deficits and stabilize our paralyzing national debt. As I have said frequently and consistently since coming to the Senate, the only solution to our budgetary challenges is balance. We must cut spending, raise revenue and make smart, forward-looking reforms to our entitlement programs to ensure they will be available for our kids and grandkids."

"This budget makes smart investments in our future without adding a dime to our deficits. I'm especially proud it will advance several pieces of bipartisan legislation I've introduced to unleash innovation and create jobs. The budget we passed Thursday works under the assumption that we will adopt several policies I have proposed to ensure start-up small businesses can take advantage of the R&D tax credit, to level the playing field for clean energy companies by allowing them to form Master Limited Partnerships, to repair our elections and protect Americans' right to vote and to create American Dream Accounts to help more young people of all income levels access higher education."

Senator Coons voted on Thursday to:

-Prevent an increase in the pay of Members of Congress while the federal budget is in deficit;

-Strengthen America's manufacturing sector through educational and research initiatives, public-private partnerships and other programs;

-Improve trade enforcement to protect the innovations of American businesses;

-Help service members' military training translate more easily into civilian careers;

-Root out inefficiency in the federal government with performance data and scientifically rigorous program evaluations;

-Provide more efficient, effective care for children on Medicare with complex medical conditions.

The budget resolution already included an array of priorities supported by Senator Coons. It will:

-Invest in the rebuilding of America's critical infrastructure;

-Support for innovative startup companies by allowing them to take advantage of the -Research and Development Tax Credit;

-Protect the Harbor Maintenance Trust Fund support operation and maintenance of our nations harbors, including the Port of Wilmington;

-Help students of all income levels access and afford a college education; and

-Restore funding for facilities that help children move on after abuse and domestic violence.

Senator Coons voted against a series of amendments that would have irresponsibly approached deficit reduction. The Senator voted to:

-Prevent the de-funding of the Affordable Care Act, discrimination against 129 million Americans for pre-existing conditions, and loss of expanded access to stable health care for 30 million Americans;

-Prevent unreasonable limitations on Congress' ability to reduce the deficit in a balanced way;

-Prevent massive, reckless cuts to entitlement programs; and

-Prevent access to justice through capped damages.

"Even while cutting where we can, our values require that we invest in our future and leave our children with a vibrant, competitive economy," Senator Coons said. "We are also morally bound to draw a circle of protection around the most vulnerable in our society, including the disabled, low-income seniors, and children. With a balanced, bipartisan, strategic budget, we can invest in these vital priorities while still reducing our dangerous debt and deficit."


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