US Senator David Vitter Slams President Obama’s Proposed $4 Trillion Budget
"The only positive thing about it (Obama's budget) is that it has a zero percent chance of becoming law.”
That was U.S. Senator David Vitter's reaction to President Obama's announcement that he is proposing to Congress a $4 trillion budget for the 2016 fiscal year.
“President Obama has proven year after year that he can’t be trusted to create a responsible budget,” Vitter said. “To make a real difference to folks in Louisiana and across the country, we need a budget plan that decreases taxes for families, pays down our debt for future generations, and encourages small businesses to create jobs.”
Vitter says Obama's budget proposal would include $2.1 trillion in new tax increases, add $8.5 trillion to the national debt and direct payments for oil and gas leases away from energy-producing states.
“The President’s budget plan to funnel the Gulf states’ offshore energy revenue out of those states is incredibly insulting to Louisianians. In Louisiana, federal revenue from offshore energy activity goes directly to coastal restoration. Our coasts are the first line of defense to a hurricane or tropical storm; plus, they represent a critical part of our ecosystem. We’re losing large amounts of coastline every day, and funding our coastal restoration projects is incredibly important,” said Vitter.
So, what budget plans would Vitter support? The Biennial Budgeting and Appropriations Act sponsored by Senator Johnny Isakson (R-Ga.). Vitter says it would change the fiscal budget year from one year to two years, allowing more time to review how the budget is working and conduct any necessary oversight.