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House Passes Budget that Balances in Ten Years

Press Release

Location: Washington, DC

Today Rep. Hall (TX-04) voted in favor of H.Con.Res. 25, a bill that establishes a budget for fiscal year 2014 and also sets a plan in place to balance the budget in 10 years. The budget passed 221-207.

"There is no question Washington has a spending problem that is unsustainable and is hurting the American people," said Hall. "America's debt is nearly $17 trillion, and as a result, unemployment remains high and the labor force participation continues to drop (currently 63.5%). If we want to ensure our children and grandchildren inherit a prosperous America, we must take action now by addressing the growing national debt, and balancing the budget is a vital step in that process."

Hall continued, "Unfortunately, the Administration continues to ignore the fact that their spending policies are harming Americans. The President shows no interest in reducing spending. The White House and Senate Democrats continue to argue to increase taxes, and the Senate's budget will never balance. The President's budget -- expected sometime in early April, over two months past the due date required by law -- is also expected to never balance.

"Recognizing that Washington must stop its out-of-control spending, House Republicans have a plan to get the national debt under control, encourage a healthier economy, and help create jobs."

The House's budget would:

Stop spending money we don't have by cutting wasteful spending;
Fix our broken tax code to create jobs and increase wages;
Protect and strengthen important priorities like Medicare and national security;
Repair the safety net and expand opportunity to all Americans; and
Balance the budget in 10 years.
"I will continue to fight for legislation that provides economic security and expands opportunities for all Americans, and look forward to getting the national debt under control so all Americans can prosper."

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