Gwen Moore Statement on President Obama's FY2013 Budget
Washington, DC,
February 13, 2012
Tags:
Economy and Jobs
As a Member of the House Budget Committee, I feel that President Obama has presented Congress with a very fair and balanced budget.
Washington, D.C. – Today, Congresswoman Gwen Moore (WI-4) released the following statement on President Obama’s proposed budget for the 2013 fiscal year: “As a Member of the House Budget Committee, I feel that President Obama has presented Congress with a very fair and balanced budget. “I was particularly pleased to see that the President’s budget includes investments that would be critically important for Milwaukee, and for Wisconsin as a whole. For example, he has emphasized infrastructure and manufacturing – a vital job sector in my district – which will help rebuild and grow our economy. “The proposals outlined in the budget add up to over $350 billion in short-term job creation programs that would start working this year. This includes $140.8 billion for research and development, tax incentives for manufacturers to create jobs here at home and $476 billion for transportation and infrastructure programs over six years - including new rail and road projects, such as inter-city passenger rail. “Additionally, the President’s budget protects the social safety net, and holds a great deal of promise for unemployed people and families in need in places like Milwaukee, Wisconsin—which has been decimated not only by the economy, but by the truly extreme budget cuts that Governor Scott Walker has perpetrated against the people of the state by cutting programs such as local aid and school funding to the bone. “The President also recognizes that we must take a responsible, balanced approach to budgeting. That’s why this budget includes revenues. For every $1 in revenue that the budget would raise from high-income earners and corporations, the plan would cut $2.50 in spending. That amounts to over $1.5 trillion in new taxes for the wealthy, hedge fund managers, and corporations. “Through this balanced approach, the budget put forth by the President today would achieve four trillion in deficit reduction over ten years. The budget’s revenue streams reflect our need to ensure that everyone, including the wealthiest Americans, pay their fair share. “Overall, this is a blueprint for getting back on track by making essential investments—while reducing the deficit at the same time. I support the President’s effort and look forward to working to put forward the best possible budget through my role on the House Budget Committee." ### For “Moore” News Updates Follow Gwen Like Gwen Moore on |
