The White House has submitted its latest budget proposal to Congress, and the Republican chairs of the budget committees in both the Senate and the House are criticizing the plan for increasing spending and raising taxes. In a joint statement House budget chair Tom Price of Georgia and Senate budget chair Mike Enzi of Wyoming blasted President Obama's proposal:
Our nation is on a fiscal and economic path that is simply unsustainable. Failed policies and stale thinking in Washington are contributing to a growing mountain of debt and an underperforming economy. That’s why it’s so disturbing that President Obama has submitted yet another budget proposal that is focused on the same tired agenda that has failed to deliver for American families. The president is advocating more spending, more taxes and more debt. As we have seen over the past several years, that approach will yield less opportunity for the middle class and a crushing burden of debt that threatens both our future prosperity and our national security. A proposal that never balances is not a serious plan for America’s fiscal future. Especially when we have to borrow money just to afford the programs we already have.
“The president is required by law to submit a budget proposal. It is a suggestion and a wish list, but the budget of Congress sets the outline of spending for the coming year. We will work with our colleagues to make sure it is complete, on-time, and balanced within the next ten years.
House speaker John Boehner also knocked the president's proposal. “Today President Obama laid out a plan for more taxes, more spending, and more of the Washington gridlock that has failed middle-class families," said Boehner in a statement. "It may be Groundhog Day, but the American people can’t afford a repeat of the same old top-down policies of the past."
The president, who spoke to a crowd at the Department of Homeland Security Monday morning to unveil his proposal, emphasized the need for Congress to fund the department, raise spending on infrastructure, and reform the corporate tax code to close what he calls a "loophole" on foreign earnings.