The Hatch-Collins Budget is a balanced budget that serves all Americans. This budget ends senseless, across-the-board cuts from sequestration, eliminates wasteful health spending, and curbs ballooning defense spending - all without raising taxes or jeopardizing the health and safety of our country. We worked hard to create a plan for the Americans who want Congress to move past political grandstanding and get back to the work of serving the American people.
The Hatch-Collins Budget also makes important progress in addressing long-term American economic health and reduces the deficit by more than $900 billion dollars over the next ten years. We believe this budget is a significant step toward cutting our growing debt without sacrificing our short-term economic growth.
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This is a critical junction in American history -- the middle class is hurting, the economy is stagnating, and our children are burdened by an increasingly insurmountable public debt. However, although Americans are suffering now under the Obama administration’s unsustainable policies, the Republicans of the United States Senate believe that there is another way. We therefore present Americans with an alternative to the Obama regime, one that reduces the deficit, supports the programs critical to America’s security, and doesn’t raise a dime in taxes.
The Republican budget saves America almost $1,000,000,000,000 over the next 10 years. We have slashed waste, reduced inefficiencies, and made the difficult decisions that will keep our country solvent and sovereign for generations to come. We have included cuts such as reforming agricultural subsidies, restoring autonomy to Fannie Mae and Freddie Mac, controlling frivolous medical malpractice torts, reducing wasteful Defense spending, and simplifying Medicare enrollment decisions for seniors.
However, we recognize that this is just a starting point. We understand the importance of working together with the Democrats in the Senate and the Obama administration and look forward to hearing their opinions on the budget and working with them to keep our country forever the land of the free and the home of the brave.
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Today the Senate Republicans continued their work to deliver a balanced budget to the American people. This budget delivers $1.5 trillion in savings and reduces the deficit by $400 billion, in line with the hopes and concerns the American people have expressed for the future. The Republican proposal grows the economy, creates jobs and thoughtfully reduces the size of government while not raising a dime of taxes for anyone.
We are committed to reducing the size of government while keeping this great country safe and economically vital. America will continue to lead the world in innovation through research and education. The neediest among us will receive a helping hand up, not a handout. The Republican budget restores reason, responsibility and prosperity to these United States now and far into the future. We’re committed to a bipartisan process to get results for Americans and we look forward to working with our Democratic colleagues.
--Senators Ron Johnson and Mitch McConnell