“Our nation will need highly-skilled STEM workers for jobs of the future,” Chairman Murray said. “We’ll need it so U.S. companies can stay on the cutting edge, so that we can attract the best talent to innovate and start new businesses right here in America, and so that all workers can make a living wage.”
Apr 10 2014
For the past few years, Congress has been lurching from budget crisis to budget crisis. Budget uncertainty, on top of spending cuts, has left some serious deficits in United States infrastructure. The result has been congested highways, bridges in disrepair, and roads that have deteriorated.
Instead of investing in the nation’s infrastructure, the Republican budget that passed the House on Thursday would slash critical investments for roads, bridges, and rail, and it would further contribute to the infrastructure deficit.
If enacted, the Republican budget would cut funding for transportation projects next year by $51 billion. Cutting investments in transportation programs would have serious implications for infrastructure projects to build and repair bridges and ease congestion on highways and roads. It would also cost jobs. An estimated 186,000 heavy construction and related jobs would be lost next year under the Republican budget, according to the Center for American Progress.
Many transportation programs are supported by the Highway Trust Fund, which needs additional revenue to support investments in the nation’s infrastructure in the coming years. But instead of offering a solution to this problem, the Ryan budget proposes to slash a total of $167.5 billion from federal transportation programs over the next decade if no additional revenue is identified.
The American Automobile Association (AAA) said the “…Ryan’s budget will not provide an appropriate level of investment necessary to build and maintain the nation’s 21st century transportation system.”
The Republican budget proposes eliminating operating subsidies for Amtrak, a nationwide passenger rail service. It would also reduce funding for the Essential Air Service, which supports commercial air service to small and rural communities. Both of these cuts could pose negative consequences for travelers in rural areas across the country.
Apr 10 2014
As AARP noted, the House Budget “fails to address the high costs of health care and instead shifts costs onto seniors and future retirees…Removing the Medicare guarantee of affordable health coverage for older Americans by implementing a premium support system and asking seniors and future retirees to pay more is not the right direction.”
Unfortunately, too often, data is incomplete, inconsistent, and difficult to access or analyze. Different agencies may report identical spending in different ways or different spending with identical terms. Individuals, groups, and businesses that try to comply with financial reporting requirements may face daunting challenges as different agencies ask for the same information in their own formats and along different time frames.
Apr 10 2014
Complementing critical reforms like raising the minimum wage, the 21st Century Worker Tax Cut Act would update the tax code to provide targeted tax cuts designed for today’s workforce. The bill builds on work incentives both Republicans and Democrats agree have been effective, and it is paid for by closing wasteful and inefficient tax loopholes both parties have proposed eliminating.
Apr 09 2014
Apr 09 2014
These cuts would come from programs designed to prevent families from falling into deep poverty, hunger and homelessness. It also cuts funding for Pell grants that give students from low-income backgrounds the opportunity to go to college.
At today’s Senate Budget Committee hearing, Senator Murray described the House Republican approach to tax reform, explaining that House Ways and Means Chairman Camp (R-MI) proposes putting every dollar of savings back into lower tax rates, primarily for those at the top—without investing a penny in boosting our economy or tackling our budget challenges.
Senator Murray noted that the House Republican Budget being debated this week goes a step further, by lowering the top tax rate so much that, according to an independent study of a similar proposal, middle income families would end up paying higher taxes.
Excerpts of Senator Murray’s remarks are below, and the full text is available here.
“…it’s very clear that tax reform that doesn’t ask the wealthiest Americans and biggest corporations to pay their fair share is simply fiscally irresponsible.
And every bipartisan group that has examined our budget situation has reached the same conclusion.
Now, I know that many of my Republican colleagues prefer a different approach.
Chairman Camp’s recent tax reform proposal would put every dollar of savings back into lower rates, primarily for corporations and those at the top of the income scale, and would protect the wealthiest Americans and biggest corporations from paying their fair share toward reducing our deficit and boosting the economy.
The House Republican Budget being debated this week would do all of this as well—but it goes a step further.
Their budget would push the top tax rate down to 25 percent, which means middle class families would have to pick up the tab for new tax cuts for the rich.
Giving tax breaks to millionaires while doing nothing to help working families keep more of their hard earned income is not only wrong-headed in terms of our budget, it’s also deeply unfair to families across the country who are up against a decades-long trend of rising costs and stagnant wages.