House Budget Brings Balance
Congressman Bob Goodlatte (R-Va.) released the following statement on passage in the U.S. House of Representatives of H. Con. Res. 71, the House’s budget resolution:
“The House budget resolution offers a serious approach to bring balance back to the federal budget. It embodies the bold, common sense policies that we need to reduce the deficit and build a better America. The federal government must recognize what families in Virginia already know – spending your way out of debt does not work. By making tough choices to reduce spending, this plan will balance the budget within 10 years.
“In addition to supporting the House budget resolution, I also cast my vote for the Republican Study Committee’s budget alternative. This proposal was the tightest budget put forth in the House and would lead to balance in just six years. It also included recommendations that the House pass my bill to repeal the ethanol mandate and reduce costly federal regulations by passing the Regulatory Accountability Act. Unfortunately, this budget alternative did not pass.
“Once the final budget is approved by the House and Senate, consideration of pro-growth tax reform legislation can begin. I am encouraged by the Framework agreed to by the House, Senate, and Administration. Under this, Congress now has the opportunity to provide tax relief that creates a simpler, fairer tax code, allows hardworking families to keep more of their money, and encourages businesses to invest in the United States. We must act.”