Congressional Black Caucus Proposes a Fiscally and Socially Responsible Budget
Press Release
Congressional Black Caucus Proposes a Fiscally and Socially Responsible Budget
Today, U.S. Representatives Carolyn Kilpatrick (MI-13) and Robert C. "Bobby" Scott (VA-03) offered an alternative to the Democratic budget on behalf of the Congressional Black Caucus (CBC). While the CBC recognizes the important improvements the Democratic budget has made over the President's budget, the CBC believes that its budget does an even better job of meeting the needs of the American people while being even more fiscally responsible. Rep. Kilpatrick, Chairwoman of the CBC, stated: "We're proud to present this alternative budget. This budget is fiscally and socially responsible. It provides financial stability and represents our commitment to building a stronger America for all its families. This budget reflects the values of the people, restores accountability, and rebuilds our communities."
According to Representative Scott, chair of the CBC Budget Task Force, "the CBC's budget makes difficult choices. It chooses to fund programs and services important to the American people rather than provide tax cuts to those who need it least." By repealing some of the tax cuts implemented under the Republican administration that primarily impact that portion of a household's income over $200,000, the CBC budget generates revenue for much needed programs and services such as health care for all children in the United States, education and job training programs, veterans benefits and services, homeland security, transportation, and international child survival and health initiatives. Even after funding all of these priorities, the CBC budget significantly reduces the deficit and, in fact, reaches surplus in FY 2012. "The Republican budget funds tax cuts for the wealthy by borrowing billions of dollars and drastically cuts vital services such as education, healthcare and community services. We think Americans deserve better," remarked Congressman Scott.
"A budget is a profound statement of national priorities, and in terms of balancing fiscal responsibility with an obligation to help all Americans to realize the American dream, the CBC budget is truly a moral document," explained Congresswoman Barbara Lee (CA-06), First Vice Chair of the CBC.
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