OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Cutting the Federal Debt

Issue Position

Date: Jan. 1, 2014
Issues: Senior Citizens Stem Cell Research Business and Consumers Executive Branch Health and Health Care Government Budget and Spending

"The rising level of federal debt is a threat to America's long term economic vitality. Congress and the President must set aside partisan differences and come up with a balanced debt-reduction plan. Everything should be on the table, including the defense budget, revenues, tax loopholes, discretionary spending, and entitlements."

Congressman Welch:

-Is a founding member of a bipartisan House working group working towards a comprehensive and balanced debt reduction plan;

-Authored "pay as you go" law which requires that new federal programs be paid for through budget cuts and/or revenue increases;

-Supports presidential line item veto authority;

-Led the House effort to stop the financial default of the federal government;

-Introduced legislation to save taxpayers and seniors $160 billion through the negotiation of lower prescription drug prices for Medicare recipients;

-Opposes taxpayer subsidies for the oil, nuclear and ethanol industries.


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