Higgins Votes with House to Approve 2010 Budget Conference Report
Today, Congressman Brian Higgins (NY-27) voted with his colleagues in the House of Representatives to approve S. Con Res 13, the Budget Resolution Conference Report for Fiscal Year 2010. The Conference Report is a document that resolves differences between budgetary legislation agreed to in the House of Representatives and the Senate and outlines economic plans for our nation’s future.
“This document lays out a plan to address the deficit inherited from the previous administration, cut taxes for hard-working middle class families and invest in areas that will create jobs and revive our national economy,” said Congressman Higgins.
The former administration turned a $5.6 trillion record surplus unto record deficits of $5.8 trillion. This budget proposes to cut the deficit by nearly two-thirds in four years and use PAYGO to protect future generations from paying for today’s projects.
The budget will deliver $1.7 trillion tax cut for middle class families over the next 10 years. Tax breaks include the Make Work Pay tax credit, the child tax credit, marriage penalty relief as well as relief included in the Recovery Act for small business, education and energy incentives.
- Healthcare: It supports the President’s goals for health care reform that will lower costs, improve quality and expand coverage to help the 46 million Americans without health insurance. The report also includes funding above the 2010 baseline for the President's priorities, including increased funding for cancer research.
- Veterans: It includes a $5.6 billion increase for veteran’s health care and other services.
- Education: The budget agreement makes college more affordable and accessible by raising the maximum Pell grant award and creates the American Opportunity Tax Credit. It also includes the $100 billion in education funding provided in the Recovery Act to help states maintain elementary, secondary and higher education services.
- Energy: Provides a 10 percent increase for programs geared toward renewable energy, energy efficiency, research and technological developments. This investment will create new, green jobs, in addition to setting us on a path to energy independence.