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News Mar 19, 2013 - 5:13:55 PM

Esty on budget: "Congress should come together and pass this reasonable, fair, and commonsense approach."

By Congresswoman Elizabeth Esty's office

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WASHINGTON, DC - Today, Congresswoman Elizabeth Esty (CT-5) announced her support for a commonsense budget to encourage job creation, preserve critical investments for Connecticut seniors and families including the Medicare guarantee, and make smart, effective cuts to reduce the deficit. The budget proposal was introduced by House Budget Committee Ranking Member Chris Van Hollen (D-MD).

“Budgets should reflect our priorities,” Esty said. “I’m proud to support a budget that focuses on Connecticut’s priorities – investments in manufacturing, transportation and infrastructure, education, keeping our commitments to seniors, and making smart cuts to reduce the deficit. Our economy is at a critical moment. For middle-class families, for seniors, for students, for small businesses and manufacturers in Connecticut and across the country, Congress should come together and pass this reasonable, fair, and commonsense approach.”

This budget supported by Esty includes critical investments for manufacturers, including scientific research and development, clean energy, and advanced manufacturing technology. It would include $50 billion for jobs to address immediate transportation needs and $10 billion to establish an infrastructure bank – helping repair roads, bridges, and transit and developing the modern infrastructure needed to compete in a 21st Century economy.

The budget also includes key investments in education including early childhood education initiatives and funding to prevent teacher lay-offs, and it would prevent college student loan rates from doubling this July.

Unlike the Ryan Budget that guts Medicare and Medicaid, the Van Hollen budget supported by Congresswoman Esty would preserve and strengthen the Medicare guarantee and protect Medicaid.

The Van Hollen budget would also reduce the deficit by reducing tax breaks for the wealthiest Americans, cutting subsidies for big agriculture, and making targeted spending choices.

More information on the Van Hollen budget supported by Congresswoman Esty is available here.

On March 6, Congresswoman Esty testified before the House budget committee to outline priorities for Connecticut families and small businesses.

The House is expected to vote on both the Van Hollen budget and the Ryan budget tomorrow, March 20.

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