San­ders State­ment on Obama Bud­get

Stanstead Journal - - NEWS BRIEFS - Washington, DC

Sen. Bernie San­ders (I-Vt.) – chair­man of the Se­nate Com­mit­tee on Veter­ans’ Af­fairs, a mem­ber of the Se­nate Bud­get Com­mit­tee and the founder of the Se­nate De­fend­ing So­cial Se­cu­rity Cau­cus – is­sued the fol­low­ing state­ment to­day on Pres­i­dent Barack Obama’s pro­posed 2014 bud­get:

“While the pres­i­dent’s bud­get has some pos­i­tive

el­e­ments, like an in­crease in the min­i­mum wage and in­creased rev­enue from peo­ple who make more than $250,000 a year, it is a doc­u­ment which does not ef­fec­tively ad­dress the eco­nomic cri­sis fac­ing our na­tion.

“At a time when mil­lions of work­ing fam­i­lies are strug­gling eco­nom­i­cally, I am deeply dis­ap­pointed that the pres­i­dent’s bud­get in­cludes a chained con­sumer price in­dex which would mean sig­nif­i­cant cuts for So­cial Se­cu­rity and veter­ans. It also would raise taxes on low- and mid­dle-in­come Amer­i­cans.

“For se­niors, Obama’s pro­posal would mean that a 65-yearold re­tiree would lose more than $650 a year by their 75th birth­day and $1,000 a year would be cut from their ben­e­fits once they reach 85.

“For dis­abled veter­ans, some­one who started re­ceiv­ing VA ben­e­fits at age 30 would have their ben­e­fits re­duced by $1,425 a year at age 45, $2,341 at age 55 and $3,231 at age 65.

“For tax­pay­ers, the chained-CPI would in­crease taxes by $100 bil­lion over the next decade and af­fect low-in­come and mid­dle-class Amer­i­cans the most. Amer­i­cans mak­ing be­tween $30,000 and $40,000 would re­ceive the largest tax hike un­der the chained CPI.

“Lastly, at a time when real un­em­ploy­ment is 13.8 per­cent, the pres­i­dent’s bud­get does far too lit­tle to cre­ate the mil­lions of jobs we des­per­ately need. While he pro­posed $50 bil­lion to re­build our crum­bling in­fra­struc­ture, the truth is we need far more than that to im­prove our roads, bridges, rail­roads, water and waste­water sys­tems.”

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