Chairman Yarmuth on The President’s Budget for Fiscal Year 2022
“For too long, self-inflicted austerity has been mistaken for fiscal responsibility…The Biden budget ends this era of chronic underinvestment in America’s potential”
– House Budget Chairman John Yarmuth
WASHINGTON, D.C. – Today, Kentucky Representative John Yarmuth, Chair of the House Budget Committee, issued a statement following the release of President Biden’s Budget for Fiscal Year 2022:
“President Biden has proposed a transformative budget that will ensure we emerge from these past 14 months of crisis stronger and better prepared for the future than ever before. With critical investments in job creation, clean energy, infrastructure, education, child care, public health, and more this budget will bring our country into the 21st century and ensure every family has the opportunity to succeed.
“For too long, self-inflicted austerity has been mistaken for fiscal responsibility, to the detriment of American families and our nation’s economy. The Biden budget ends this era of chronic underinvestment in America’s potential, and addresses deficits in our communities that have been exposed and exacerbated by the pandemic.
“Investing in the American people has always been a good bet, but with interest rates low and the need high, it’s a sure thing. As past crises have shown, doing too little will cost us far more in the end. Now is the time to build on the successes of the American Rescue Plan by prioritizing these visionary reforms and investments that truly meet the needs of our communities and put our nation on a fiscally responsible path forward. I look forward to working with the Biden Administration, leadership, and my colleagues to deliver these long-overdue investments and lay the groundwork for prosperity for generations to come.”