Hoeven Statement on President Obama's Budget Released Today
WASHINGTON – Senator John Hoeven today released the following statement in response to the budget President Barack Obama released earlier today:
“The budget that the president released today does not adequately respond to the country’s needs. Under his budget, our national debt continues to rise over the next 10 years, from $15 trillion to $26 trillion. That is on top of the increase from $10 trillion to $15 trillion we saw during his three years in office.
“Rather than address this challenge, his budget raises a range of taxes, which will hurt economic growth. Most importantly, it discourages sustainable private-sector job creation, while increasing, rather than reducing, our national debt.
“What our nation needs at this time is to reduce spending, find savings and reform the tax code to make it simpler and fairer. We also need to reform entitlement programs to make sure they are sound and ensure their long-term solvency for future generations.”
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