House Republicans Expected to Release Budget Proposal

July 7, 2008 - 8:25 PM

( - House Republicans are expected to announce their proposed $596.5 billion fiscal year 2001 budget Wednesday said House Republican Conference Chairman JC Watts (R-OK).

Watts told that the GOP budget is "responsible" and will meet U.S. "priorities."

"Republicans have a responsible budget plan to meet America's priorities of the 21st century. We are committed to paying down the national debt by 2013, to lower interest rates so that working Americans can stretch that paycheck a little farther," Watts said.

Watts did not mince words when it came to that controversial issue during every budget session and negotiation every single year: Social Security.

"We are devoting 100 percent of Social Security dollars to Social Security, so that seniors can count on the retirement dollars earned over a lifetime of work. We are working to make prescription drugs available to needy seniors, so they don't have to choose between putting food on the table or medicine in the cabinet," Watts said.

Watts told reporters during a press conference this year's proposed GOP budget includes tax relief.

"We are also providing meaningful tax relief. The GOP budget will provide relief from the immoral marriage penalty, repeal the Social Security earnings limit, expand tax breaks for education and health care, and ease the death tax," Watts said.

Watts also criticized President Clinton and congressional Democrats for calling for new tax increases and more government spending.

"Sadly, rather than working with Republicans, the Clinton-Gore administration is engaging in scare tactics and the failed tax and spend policies of the past. The Clinton-Gore budget is a shell game that offers a new tax hike for nearly every dollar of tax cuts."

"Their budget raises taxes and fees on working families by $250 billion at a time when the federal government is awash in surplus dollars. Quite simply, the Clinton-Gore budget showers new benefits on Washington bureaucrats at the expense of the American family and American workers," Watts said.

The proposed budget would have to go through the appropriations process before it reaches the House floor for action and details must still be worked out with the Senate.