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Foxx: Balancing Budget Isn’t Just a Priority, It’s a Requirement
Washington,
March 25, 2015
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Budget and Tax Reform
WASHINGTON – Rep. Virginia Foxx, R-N.C., today voted in favor of the House Republican pro-growth balanced budget proposal, which passed the House by a vote of 228-199.
“In my family, balancing our budget isn’t just a priority, it’s a requirement. We must view America’s budget the same way. Washington owes the American people a responsible budget that reins in federal spending and guarantees accountability for the use of taxpayer dollars,” said Foxx. “Despite $2.1 trillion in new tax increases, President Obama's budget never balances. House Republicans have approved a budget that not only places our country on a path to pay off the overwhelming mound of debt we face, but will also spur economic growth and increase opportunity.” The Balanced Budget for a Stronger America balances the budget within less than 10 years with no new taxes and cuts $5.5 trillion in unnecessary spending. The proposal also provides a framework for repealing Obamacare in full and calls on Congress to pass comprehensive tax reform that lowers rates for individuals, families and businesses. House Republicans have cut wasteful discretionary spending by $165 billion since FY 2010 and have implemented overall spending cuts to save taxpayers more than $2 trillion over the next 10 years since taking the majority four years ago. U.S. Rep. Virginia Foxx represents North Carolina’s 5th Congressional District and is the elected Republican Conference Secretary. Dr. Foxx is the chair of the House Education and the Workforce Subcommittee on Higher Education and serves as Vice Chair of the House Rules Committee. |