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Rep. Engel Praises Obama Budget

Washington, D.C. – Congressman Eliot Engel, a senior member of the House Energy and Commerce Committee, praised President Obama’s proposed budget which he unveiled today.

“Job creation is, and should, remain our top priority. President Obama certainly understands this and his proposed budget would strengthen the very foundation of our economy.”

Congressman Engel says that the President’s budget would spur economic growth, in party, by investing in transportation projects.

“Our nation’s aging infrastructure is badly in need of repair. An investment in our infrastructure is an investment in our workforce. It’s a win-win situation that would create more jobs.  I am pleased that the President’s budget proposals include this vital initiative.”

President Obama’s budget would also create tax incentives that help both working and middle class Americans.

“There is no greater investment in our nation’s future than education. President Obama’s budget would permanently extend tax credits that benefit 11.5 million families and students, and trim taxes for students who participate in loan forgiveness programs.”

“President Obama understands the financial strains many working parents face due to spiraling childcare costs. His proposal to expand the Child and Dependent Care Tax Credit would greatly reduce that burden for approximately 1.7 million families across the country.”

Although the President just released his budget, he has predictably received sharp criticism from Republican lawmakers.

“We are bound by our duties as legislators to do what’s best for all Americans.  Congress should work with the President to enact a fiscally responsible budget that provides financial relief for working and middle class Americans. I agree with the President when he says we have to grow America from the middle out. If we can’t protect and grow the middle class, then economic growth can’t be sustained. Let’s remember whom we’re fighting for. The American people.”

 

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