Leader Cantor: House Republican Budget Restores Economic Growth And Prosperity
March 20, 2012
Contact: Doug Heye, Megan Whittemore

WASHINGTON, D.C. – Today, House Majority Leader Eric Cantor (R-VA) released the following statement on the House Republicans’ fiscal year 2013 budget resolution:

“House Republicans are committed to restoring economic opportunity, spurring job creation and paying down the massive debt and deficits created by out-of-control Washington spending. The budget that Chairman Paul Ryan and the House Budget Committee have put forth today represents our vision of how we will get our fiscal house in order and return America to a place of economic growth and prosperity. This serious, pro-growth budget provides greater certainty for hardworking taxpayers, middle income families and our nation’s seniors by tackling the drivers of our debt, lowering taxes, and cutting spending. Additionally, it prevents devastating defense cuts that would cripple our nation’s military from taking place at the beginning of next year. With a $15 trillion federal debt, House Republicans are leading the way with real solutions to our nation’s fiscal crisis.

“In contrast, President Obama and Congressional Democrats have no real solution to address our nation’s fiscal woes. The President’s budget ratchets up spending while ignoring the biggest drivers of our debt and calls for massive tax increases on hardworking families and small businesses. His budget will only make our economy worse. Meanwhile, Senate Democrats haven't offered a credible plan to get Americans back to work or seriously address the debt, nor have they bothered to submit a budget in more than 1,000 days.

“Nothing can be changed overnight, but our budget lays out a plan to get the nation back on track and ensures that the American dream exists for our children and grandchildren. We are committed to doing everything we can to drive economic growth and job creation. Chairman Ryan’s budget includes pro-growth tax reform that gets rid of loopholes, broadens the base and lowers the rates for everyone. This pro-growth tax structure will allow small businessmen and women to keep more of their own hard-earned money and use it to invest and create more jobs in the private sector. I thank Chairman Ryan and the Budget Committee for advancing a plan that takes bold steps to drive economic growth, addresses the serious fiscal challenges we face and ensures that our country will have a better, brighter future.”