Young Praises GOP Budget Plan

by admin on March 20, 2012

Joining other members of the House Budget Committee on Tuesday, U.S. Rep. Todd Young, R-In., came out in support of the controversial budget proposal authored by Republican lawmakers that makes drastic cuts to federal spending and seeks to revamp Medicare.

Dubbed “The Path to Prosperity”, the fiscal plan was drafted by House Budget Chairman Paul Ryan, R-Wi., and cuts $5 trillion relative to the President Obama’s budget proposal. Supporters says it also reforms the U.S. tax code by lowering rates and closing loopholes, and the legislation blocks the president’s proposed tax increase on wealthier Americans to help lower the deficit.

“Americans deserve specific solutions to our debt and economic crises, and that’s exactly what we’ve given them,” Young said in a news release. “More than anything else, this budget puts our country on a path to balance. It gets the government out of the way of the private sector, reduces the risk of more credit rating downgrades, makes our corporate tax rate globally competitive to attract new investments, and preserves programs like Medicare and Medicaid for future generations.”

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