Issue Position: Budget Plan

Issue Position

VOTED FOR RESPONSIBLE BUDGET PLAN: As a strong fiscal conservative Leonard Lance has voted for "The Path to Prosperity" that balances the federal budget in a decade, cuts wasteful spending, reins in our national debt, harnesses domestic energy, restores patient-centered health care, strengthens retirement and safety net programs and reforms our tax code. Leonard Lance also voted for "Cut, Cap and Balance" that brings our budget into balance in five years.

SUPPORTS A BALANCED BUDGET: Leonard Lance voted for a federal balanced budget amendment to the U.S. Constitution and is the author of the Lance Amendment to the New Jersey State Constitution that prohibits further state borrowing without voter approval.

STOP THE SPENDING: Leonard Lance has always fought against wasteful government spending, opposing the $1 trillion stimulus, the 9,000-earmark omnibus spending bill and President Obama's $3.6 trillion budget. And Lance was one of the first Republicans to reject earmarks and authored legislation to repeal the wasteful ethanol subsidy.

NO BAILOUTS; REJECT TOO-BIG-TO-FAIL: Leonard Lance voted against the TARP bailout bill. Lance voted to rein in housing giants Fannie Mae and Freddie Mac and cosponsored legislation to audit the Federal Reserve. And Leonard Lance voted against the disastrous Dodd-Frank financial reform bill that codified "too-big-to-fail" and created a permanent federal bailout authority paid for by the taxpayers.

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