Yoho Votes to Strengthen America’s Fiscal Health
Washington, DC – Congressman Ted S. Yoho (R-FL-03) voted to put America on a solid fiscal foundation by voting in favor of the House Republican budget for fiscal year 2016. The Republican budget cuts spending by $5.5 trillion – higher than any previous House Budget Committee proposal – and balances the budget in less than 10 years without raising taxes. Congressman Yoho gave the following statement after his vote.
“It is no secret that the country we all love is faced with some serious fiscal and economic issues. With that in mind, today, I voted against the President's $4 trillion dollar budget. A budget that doesn’t balance, increases spending, and according to the Congressional Budget Office (CBO), will lead to a cumulative deficit of $7.2 trillion dollars from 2016 to 2025. The proposal coming out of the White House is not the right plan for America. The Senate voted 98-1 against it.
“In place of the President’s budget, I voted for Chairman Tom Price's budget, which cuts spending by $5.5 trillion, fully repeals Obamacare, saves and strengthens Medicare for future generations, and balances the budget in less than ten years.
“One of the biggest threats to our national security is our out of control national debt. Debt doesn’t know political party and it doesn’t discriminate. The national debt is currently $18 trillion and growing. If it continues to be ignored it will take us all down. As of now the total debt held by the public is close to 75 percent of GDP. Our Republican budget addresses this important issue and will lower that number to around 55 percent of GDP. If we stay on the current path, roughly $8 trillion will be added to our national debt.
“Additionally I also voted for the Republican Study Committee (RSC) Budget which cuts spending by $7.1 trillion compared to current policy.
“The budget we passed today makes a good faith effort to solve the tough fiscal problems we face as a nation. It is time we put the economic health of the country first and set America on a path that will make her strong again.”
Congressman Ted Yoho serves on the Foreign Affairs and Agriculture Committees. He represents North Florida’s 3rd Congressional District