It’s Time We Know: Does Sean Patrick Maloney Support Obama’s Unbalanced Budget?

 

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  For Immediate Release

April 11, 2013

Contact: Press Office

(202) 479-7070

It’s Time We Know: Does Sean Patrick Maloney Support Obama’s Unbalanced Budget?

Plan Raises Taxes To Pay For More Wasteful Spending and Doesn’t Balance

WASHINGTON – Yesterday, President Obama released Sean Patrick Maloney’s dream budget – one that never balances, raises taxes, and increases spending.

 

So is Maloney ready to endorse this plan? After all, Maloney voted against the House Republican plan – the only budget that actually balances.

 

“Sean Patrick Maloney supports more spending and the same old, failed Washington policies that are hurting New York families and stifling economy growth,” said NRCC Communications Director Andrea Bozek. “Since President Obama’s budget appears to be Maloney’s dream budget, when will he come out and support it? New York families need to know if Maloney supports this failed approach.”

 

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)

 

 

 

 

NRCC 320 First Street SE Washington, DC 20003 (202) 479-7000

  

www.nrcc.org

Bazzo 04/12/13

 

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