Statement of Senator Webb on the Approved FY09 Senate BudgetWashington, D.C. - Senator Jim Webb (D-VA) today issued the following statement upon the approval of the fiscal year 2009 Senate budget:
"The Senate today passed a responsible budget, aimed at stimulating the economy by making sound investments in the American workforce and infrastructure. The budget reflects the priorities of a majority of Americans. I view this as a necessary correction to the President's budget proposal which sought to flat-line domestic programs at a time when we most need to invigorate our nation's economy.
"The budget passed today is fiscally disciplined. It restores a balanced budget by 2012.
"This budget invests in our people, with $340 billion in tax cuts for America's working families. Instead of providing and extending tax breaks to the wealthiest in our country, this budget sends extra dollars back to those who need them the most. These tax cuts will provide relief to married couples, parents, the members of our armed services, and more than 72 million homeowners through a new property tax deduction.
"The Senate also acknowledged today that investment in our nation's highways, bridges, and water systems is one of the strongest tonics for a stagnant economy. This budget allocates billions of dollars for infrastructure projects which will create hundreds of thousands of high-paying, stable jobs that can't be sent overseas.
"The budget also includes an amendment I offered, reserving federal funds for veterans' programs that focus on education and training. This reserve fund is an important first step toward funding a comprehensive '21st Century' GI Bill for the newest generation of veterans. With a bipartisan majority of 51 cosponsors on my Post-9/11 GI Bill, I am hopeful we will see the bill enacted this year."