Following in the footsteps of their House colleagues, Senate Republicans today voted in favor of a budget that relies on top-down economics and gimmicks. The Senate Republican budget refuses to ask the wealthy to contribute a single dollar to deficit reduction, putting the entire burden on the middle-class, seniors, low-income children and families, and national security. Senate Republicans voted in favor of locking in draconian sequestration cuts to investments in the middle class like education, job training and manufacturing and also failed to responsibly fund our national security, opting instead for budget gimmicks, an approach that now faces procedural hurdles put in place by their own party.
Meanwhile, the President has a plan to bring middle class economics into the 21st Century. The President’s Budget builds on the progress we’ve made and shows what we can do if we invest in America’s future, and end sequestration, by cutting inefficient spending and reforming our broken tax code to make sure everyone pays their fair share. It lays out a strategy to strengthen our middle class with investments in research, education, training, and infrastructure, while also fulfilling our most basic responsibility to keep Americans safe.
In 2013 Republicans came to the negotiating table and ultimately chose the responsible path by supporting the Murray-Ryan agreement, which reversed harmful sequestration cuts to both defense and non-defense equally, dollar for dollar. Last night, Senators from both parties came together to call for building on that approach this year and to support paying for sequester relief with both spending and tax reforms. The President has been clear that he will not accept a budget that locks in sequestration or one that increases funding for our national security without providing matching increases in funding for our economic security. The Administration will continue to abide by these principles moving forward.