House Democrats Restore Fiscal Sanity to D.C. by Passing Budget that is Balanced by 2012
Mr. HARE. Madam Speaker, this week the House will vote on a final budget conference agreement that charts a new way forward for our country. It is the first budget agreement reached in an election year since the Clinton administration and restores fiscal sanity to a process that has been out of control since President Bush came to Washington in 2001. Unlike past Republican budgets, our budget returns to surplus in 2012.
The new budget makes investments in energy, education, and infrastructure, while also providing tax relief to middle class families. The agreement does not include any new tax increases. In fact, it does support significant tax relief for middle class families, including extension of marriage penalty tax relief, the child tax credit, and the continuation of the 10 percent tax bracket. It also includes an additional year of the alternative minimum tax relief.
The budget also ensures that veterans get the quality health care they need and protects our homeland. It also rejects cuts proposed by the President to important first responder programs like the COPS program.
Madam Speaker, this budget deserves strong bipartisan support.