Rep. Yoder Responds to President’s 2015 Budget Proposal
Washington, D.C. – This morning, the White House released President Barack Obama’s 2015 Budget Proposal. The plan featured about $4 trillion in spending and $3.53 trillion in tax revenues, the highest amount in American history, while still leaving a $474 billion deficit for the fiscal year beginning on October 1. Representative Kevin Yoder issued the following statement on the proposal:
“Each year the President brings us a budget that increases spending, raises taxes and seeks trillions upon trillions of new debt upon our nation. If the Republican-led House had agreed to these budgets, our federal government would be 20% larger today. This year's proposal from the President seeks to double down on those ideas and serves as a massive expansion of government that would lead to greater dependency upon a bloated and ineffective Washington bureaucracy.
"With our nation already $18 trillion in debt and counting, the President's budget proposes another $8.5 trillion in deficits that will push our debt to well over $26 trillion in the next 10 years, slowing our economy and leaving the next generation with a legacy of higher taxes and less opportunity. I appreciate the President putting forward his vision for our country, but it is not one that the American people can afford or one that I can support.
"We must work together, Democrats and Republicans, to balance our budget by holding the line on spending increases, reforming programs, and reducing the size of government. A leaner, more efficient and effective government is a key component of strengthening our economy and creating a prosperous future for every American.”
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