Washington D.C. - Congressman Lamar Smith (R-Texas) today released the following statement after voting in favor of S. Con. Res. 11 the FY2016 Budget Resolution a bill substantially similar to the balanced budget the House approved just weeks ago.
Congressman Smith: This is the first time in six years that the House and Senate have come together to pass a budget. Fixing our broken system starts with balancing our budget establishing priorities and reining in out-of-control spending. That is exactly what this bill does. Once again President Obama has handed Congress a tax-and-spend big-government budget that never balances. It ignores our growing national debt and punishes hard-working taxpayers. We have passed a budget that cuts spending reduces the deficit balances the budget and supports the men and women in uniform who are defending our nation. The budget repeals ObamaCare ends the failed health laws $700 billion raid on Medicare and keeps Medicare solvent."The Senate has said it plans to hold a vote on the House-Senate agreement next week. The resolution:
- Balances the budget in less than 10 years and cuts more than $5 trillion in spending.
- Cuts $4.2 trillion in mandatory spending by repealing Obamacare and promoting state flexibility.
- $32 billion surplus in 2024 and ultimately pays off the national debt.
- Does not raise taxes.
- Reconciliation instructions to House and Senate Committees with jurisdiction over Obamacare.
- Affirms the use of reconciliation to repeal Obamacare.
- Support a strong national defense and Increases defense spending above the presidents budget in both the five and ten year window.
- Maintains $523 billion BCA cap and provides $96 billion in Overseas Contingency Operations funds in 2016.
- Supports our military and resources necessary to counter global threats.
- Promotes access to patient-centered health care reform and repeals the Independent Payment Advisory Board and all Obamacare taxes regulations and mandates.
- Saves strengthens and secures Medicare Medicaid and Social Security.
- Supports a pro-growth and revenue neutral tax reform proposal.
- $400 billion in additional economic growth over the next ten years.
- Empowers states to reform welfare programs and improve work requirements.
