|For Immediate Release
April 10, 2013
Contact: Press Office
Dreams Do Come True, Sean Patrick
More Spending, Higher Taxes, Never Balances: Finally A Budget Sean Patrick Maloney Can Support
WASHINGTON – After a two month wait, President Obama is finally introducing his budget today—and it’s exactly the kind of budget Sean Patrick Maloney has been waiting for.
The president’s budget will do real harm to New York families by raising taxes, increasing spending, and never, ever balancing. This will hurt job creation and continue the middle class stagnation that has become a hallmark of the Obama-Pelosi era.
“President Obama’s budget is a dream come true for Sean Patrick Maloney,” said NRCC Communications Director Andrea Bozek. “By sharing Obama’s belief in an unbalanced budget full of more spending and higher taxes, Sean Patrick Maloney is standing in the way of job creation and more take-home pay for middle-class families.”
White House Senior Adviser Dan Pfeiffer Admitted That President Obama’s Budget Will Never Balance. “President Obama will not propose a balanced budget in the new fiscal 2014 spending plan that he’ll submit to Congress next week, a White House official said Wednesday. White House senior adviser Dan Pfeiffer said the budget will reduce deficits by an unspecified amount, but it won’t achieve balance like the spending plan that has been approved by House Republicans.” (Dave Boyer, “Aide: Deficits To Endure In Obama’s Planned New Budget,” The Washington Times, 4/3/13)
President Obama’s Budget Will Include $580 Billion In New Taxes. “The main deficit reduction elements of the plan incorporate an offer Obama made to Boehner in December when both sought to avoid automatic, across-the-board spending cuts and broad tax increases. Obama’s plan includes $580 billion in new taxes that Republicans oppose.” (Jim Kuhnhenn, “Obama: Budget Not ‘Ideal’ But Has ‘Tough Reforms,’” The Associated Press, 4/6/13)
The Budget Proposal Would Only Cut $600 Billion From The Deficit. “The White House said the budget would include $1.8 trillion in deficit-reduction measures, but about $1.2 trillion of it will be used to replace the across-the-board spending cuts that began March 1, known as the sequester. That means the deficit would drop just $600 billion more over 10 years than under current law.” (Janet Hook And Colleen McCain Nelson, “Obama Budget Draws Fire,” The Wall Street Journal, 4/5/13)
President Obama’s Budget Proposes More Spending. “Obama also is proposing more spending on some programs, such as education, that the administration argues is important to ensure future economic growth.” (Roger Runningen and Heidi Przybyla, “Obama Budget to Include Social Security Debt-Cutting Plan,” Bloomberg, 4/5/13)
President Obama’s Budget Is Over Two Months Late. “Obama is submitting his budget two months late, after aides scrambled to deal with the end-of-year “fiscal cliff” and then the March 1 deadline for sequestration.” (Zachary A. Goldfarb and Karen Tumulty, “Obama Budget Would Cut Entitlements In Exchange For Tax Increases,” The Washington Post, 4/5/13)
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