Carson: President's 2011 Budget Lays Out Clear Priorities for Economic Progress

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Carson: President's 2011 Budget Lays Out Clear Priorities for Economic Progress

February 2, 2010

WASHINGTON, D.C. – Congressman André Carson issued the following statement after President Obama released his budget for Fiscal Year 2011. This budget lays out the President’s funding priorities for the coming year:

“We’re at a critical point in our nation’s history where we must balance fiscal responsibility with the need for targeted economic investment. I believe the President achieved this balance with his 2011 budget proposal—which calls on us to take bold action while making tough choices on spending.

“This budget builds on the successful steps taken by the Recovery Act to create good-paying jobs, spur investment in small business, and get our economy back on track. Not only does it continue the successful approach of smart short-term infusions in targeted areas to drive an economic comeback, the budget lays the groundwork for long-term growth and prosperity by investing in affordable health care, clean energy technology, education and infrastructure.

“The President understands that any successful economic recovery must be sustained by the growth of small businesses—which are the backbone of our economy—as well as the health and financial stability of the middle-class. That’s why I was pleased to see this budget extend tax credits for small business owners, entrepreneurs, and middle-class families. Cutting taxes for those who are the pillars of our economy will pay off many times over down the road.

“There is no doubt we’ve come a long way from the brink of economic collapse a year ago. Over the last two quarters, the economy has grown and job losses have slowed dramatically. Still too many families in Indianapolis and across the country continue to struggle with the effects of a deep recession. In the coming months, I will be working with President Obama and my colleagues in Congress to pass a budget that not only addresses the symptoms of our tattered economy, but also reduces the deficit in order to create a more stable and prosperous nation for future generations.”

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