Budget

Statement

On Thursday, the House passed H. Con Res 112, the Fiscal Year (FY) 2013 budget entitled The Path to Prosperity. This budget resolution cuts government spending, strengthens Medicare, advances an "all of the above" strategy for unlocking American energy production, prioritizes our national defense, and lifts the crushing burden of debt in our nation.

The passage of The Path to Prosperity budget proves that House Republicans are determined to lead America toward a path which restores America's promise, prosperity, and security for future generations. The budget lays out an honest assessment of our nation's finances, it offers real deficit solutions, and it offers a bold agenda to address our federal fiscal challenges.

For the past three years President Obama has led us down a path of debt, doubt, and decline. The President's budget plan calls for more spending and more debt, and on Wednesday evening, the House voted to unanimously reject his plan. Due to its structural flaws and failure to meaningfully address federal deficits, not one Democrat and not one Republican in the House voted for the President's FY 2013 budget.

The Path to Prosperity budget is a truly balanced approach which relies on improved revenues to the federal government due, not from increased taxes, but rather it benefits from improved federal revenues arising from increased economic activity and more American jobs. It also lowers federal government spending to sustainable levels to bring our budget back into balance.

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