News Releases

Monday, February 2, 2015

Isakson: New Budget, Same Problems

Administration's FY2016 budget delivers more of the same: Higher taxes, spending, debt

WASHINGTON – U.S. Senator Johnny Isakson, R-Ga., a member of the Senate Finance Committee, today made the following statement regarding President Obama’s proposed Fiscal Year 2016 budget:

“President Obama’s budget delivers more of the same: it taxes too much, spends too much and borrows too much,” said Isakson. “Even with $2.1 trillion in new taxes, the president’s budget still does not balance. Instead, the plan increases the debt by $8.5 trillion.”

“It is reckless and irresponsible to continue this unsustainable path. I will be participating in several Finance Committee hearings with top agency officials to review the president’s budget and will use those as an opportunity to demand answers on how the administration plans to justify mortgaging our children’s and grandchildren’s futures.”

Isakson is committed to working to pass legislation to curb federal spending and to demand more accountability from programs that receive federal dollars. On Jan. 13, 2015, he again introduced biennial budgeting legislation to reform the federal budget process by converting it from an annual spending process to a two-year cycle with one year for appropriating federal dollars and the other year devoted to oversight of federal programs. In the past, Isakson has co-sponsored constitutional amendments to balance the federal budget and has supported measures to curb federal spending, reform the budgeting process and increase oversight of federal spending.