House Passes 2012 Budget

Statement

U.S. Congressman Mac Thornberry issued the following statement after the House passed a 2012 budget bill that establishes a blueprint for taxes and spending for the next fiscal year:

"The budget passed by the House today is a drastic departure from spending-as-usual in Washington. It holds down taxes and reduces overall spending to a level that the economy -- and the American workers -- can sustain. At the same time, it provides a blueprint for reforming government programs in a way that not only saves money but also makes them more effective.

This budget represents some tough, but necessary, choices for our country and its citizens. If we do not take significant action, we may be the first generation of Americans that fails to leave the country in better shape than we found it. On the other hand, if we do take action, the economy can begin to grow again, jobs will be created, and living standards will improve. This budget gives us that chance."

Highlights of House's 2012 Budget:

* Cuts $5.8 trillion in government spending over the next decade from current levels
* Brings non-security discretionary spending to below 2008 levels
* Encourages tax reform and simplification with top tax rates for individuals and businesses at 25 percent
* Proposes reforms in the three largest entitlement programs -- Social Security, Medicare, and Medicaid for those under age 55
* Makes no changes to Social Security and Medicare benefits for those who are 55 years old or older
* Converts the federal share of Medicaid and Food Stamps to a block grant program to give states the flexibility to implement the program according to the unique needs of its citizens

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