Thu March 14, 2013
Congressman John Yarmuth: Ryan Budget Plan is the Enemy of Growth
Speaking at the House Budget Committee this week, Kentucky Democratic Congressman John Yarmuth said government should be a partner with business and the Republican-crafted 2014 budget will hurt economic growth.
Among the highlights GOP lawmakers have touted are $6.4 trillion in deficit cuts and reducing the corporate tax by 10 percent.
But Yarmuth told his congressional colleagues on Wednesday the GOP proposal is an "enemy" to growth, adding cuts to education, infrastructure and child-care programs are not what business leaders in Louisville are asking for.
"They want Washington's help, not its avoidance," he says. "I think the Ryan-Republican budget is a dismal failure. All of the things that are businesses are crying out for the Ryan budget would emphasize or in fact dramatically reduce."
Conservatives such as Republican Congress Thomas Massie of Kentucky say the new Ryan budget is a bold attempt to address the country's fiscal health and better than the Senate Democratic plan, which does not balance the budget.
The House GOP plan isn't expected to pass the Democratic-controlled Senate, but it has already become political fodder for both parties in the 2014 mid-term elections.