Rep. Kind Commends President Obama for a Return to Honest Budgeting
WASHINGTON, DC – U.S. Rep. Ron Kind (D-WI) today commended President Obama for presenting a budget to Congress that represents an honest assessment of our financial situation, marking a return to budgeting and fiscal responsibility principles that will help get our fiscal house back in order.
“This budget does not pull any punches – it is a true assessment of where we are: running a record deficit and a national debt of more than $10 trillion,” Rep. Kind said. “The budget gimmicks of the last eight years that have masked our true financial situation are a thing of the past – this Administration has fully accounted for the two wars we are fighting, natural disasters, and fixes to the tax structure we make every year. I agree with President Obama that it is time to be direct with the American people so we can develop honest solutions to the critical challenges we face.”
Rep. Kind also commended the Administration for keeping its pledge to reduce wasteful agriculture subsidies. The budget phases down direct payments over three years by reducing the income cap of $750,000 ($1.5 million for couples) down to $500,000. It also reduces crop insurance subsidies and eliminates payments to cotton producers for storing USDA-purchased cotton (a subsidy given to no other commodity).
I am encouraged that President Obama has held true to his pledge to root out waste in agriculture programs,” Rep. Kind said. “These commonsense reforms will reduce taxpayer subsidies to large agribusinesses and wealthy individuals while still maintaining a vital safety net for farmers during these tough economic times.”