Cole Statement on Introduction of Republican Budget
Washington, D.C. – Congressman Tom Cole (OK-04), a member of the House Committee on the Budget, released the following statement after the committee released its budget blueprint for fiscal year 2017. The balanced budget proposal unveiled today repeals Obamacare, reduces the deficit by $7 trillion, cuts spending by $6.5 trillion, reforms entitlements and offers real solutions to grow the economy.
“Unlike every single one of President Obama’s proposals to date, the budget vision offered by House Republicans points the nation in a financially responsible direction and actually balances without raising taxes on hardworking Americans,” said Cole. “Like previous budgets proposed by House Republicans, I am pleased that the latest blueprint strengthens health and retirement programs, reforms the wasteful entitlement spending driving our debt and ultimately provides a better environment for job creation and economic growth.
“As the nation’s debt continues to climb at a dangerous rate, time is not on our side. While Republicans have consistently recognized that difficult decisions must be made to slow down and pay down our debt, it will require bipartisan cooperation in the days ahead to make it reality,” concluded Cole.