In response to the FY 2014 budget introduced by President Obama today, Congressman Gene Green released the following statement:
"The President's budget has great ideas to create jobs by investing in education, manufacturing, infrastructure, and small business success. I also agree with simplifying our tax code and asking that wealthier Americans pay a fair share in taxes. I can't stress enough though, that singling out the oil and gas industry for tax hikes would only stifle job creation and drive up imports of crude oil from foreign nations that are hostile to us. It's not fair to penalize one specific industry unjustly, much less one that's so critical to our nation's economy. I also do not support the negative impact that seniors would feel if the Social Security system were changed to use a chained Consumer Price Index to calculate cost-of-living-adjustments to the benefits that seniors have duly earned."
A copy of President Obama's Fiscal Year 2014 budget can be found at www.whitehouse.gov/omb/budget/Overview.