Statement by the Press Secretary on the Passage of the House Budget
Budgets are about priorities. This evening the House Republicans made clear that once again their priority is to cut taxes for millionaires and billionaires and return our economy to the same top-down economics that has failed the American people before. House Republicans voted in favor of locking in draconian sequestration cuts to investments in the middle class like education, job training and manufacturing. House Republicans also failed to responsibly fund our national security, opting instead for budget gimmicks.
The Republican priorities stand in stark contrast to the President’s plan to reverse sequestration and bring middle class economics into the 21st Century. Through critical investments needed to accelerate and sustain economic growth in the long run, including in research, education, training, and infrastructure, the President’s Budget shows what we can do if we invest in America's future and commit to an economy that rewards hard work, generates rising incomes, and allows everyone to share in the prosperity of a growing America.
The President has been clear that he will not accept a budget that locks in sequestration or one that increases funding for our national security without providing matching increases in funding for our economic security. The Administration will continue to abide by these principles moving forward.