Budget Deal Allows Us To Maintain Savings, Not Raise Taxes:
“I think the important piece to this deal, and yes it is a modest deal, is we maintain the savings of the sequester. Remember the sequester was in place because a supercommittee back two years ago failed to come up with an agreement. What this is, is an agreement on less than 10% of that sequester money – that $1.2 trillion. The savings are maintained and what we've always said was we need the savings in the mandatory, the entitlement, the auto pilot spending arena. And the savings that are inside this budget deal really are primarily derived from reforms to the pension benefits for federal employees. This is the federal government finally trying to do what most responsible states are doing in dealing with their unfunded liabilities connected with their pensions…The reason why this deal allows us even a better path forward is it maintains the savings, but places those savings in areas, frankly, that are much smarter and so that we can go about the business of reassuming our role in setting budget priorities and continuing to ratchet down the wasteful spending here in Washington.”
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House Majority Leader Eric Cantor released the following statement on the budget agreement reached today by Chairmen Paul Ryan and Patty Murray:
“I’m pleased that Chairmen Ryan and Murray have presented a budget agreement that reduces the deficit, makes long term pension reforms and doesn’t raise taxes. This agreement is a step forward consistent with prior Republican attempts to replace the sequester’s indiscriminate across-the-board cuts. The agreement protects our national security and improves our defenses in a world that remains very dangerous, especially as Iran marches towards nuclear capability. This agreement is a first step, but more work needs to be done. Working middle class families have to balance their household budget and cut spending when they’re overdrawn, and the federal government should be no different.”
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House Majority Leader Eric Cantor released the following statement on the national unemployment report for November:
“Today’s jobs numbers are very encouraging. Yet, our nation needs even more robust and reliable job growth, which is why House Republicans have passed dozens of bills aimed towards that end. Senate Democrats and President Obama have opposed common-sense jobs bills, like the SKILLS Act, which would give people the training they need to find new and better-paying jobs in emerging fields. Nearly 150 House-passed bills are collecting dust in the Senate. It’s time for Senate Democrats to do their job, so we can help more Americans find a good-paying job.