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Hudson Supports Bipartisan Budget Act that Cuts $85 Billion in Spending

FOR IMMEDIATE RELEASE
December 12, 2013

Hudson Supports Bipartisan Budget Act that Cuts $85 Billion in Spending

WASHINGTON- U.S. Representative Richard Hudson (NC-08) released the following statement after voting in favor of the two year budget agreement that includes $85 billion in spending cuts and savings:

“Today the House passed a budget that reduces the deficit without raising taxes. This budget resolution is a step towards achieving economic security for hardworking Americans. It eliminates waste, provides real reforms, and protects our defense community by replacing sequestration’s indiscriminate across-the-board cuts with responsible cuts in mandatory spending programs. This budget saves money and provides stability-- something our country desperately needs. While the resolution is far from perfect, it is responsible governance and enables us to return to a regular appropriations process where we can negotiate bills and get real, conservative policy enacted.”

Additional Information:

The Bipartisan Budget Act of 2013 would set overall discretionary spending for the current fiscal year at $1.012 trillion. The agreement would provide $63 billion in sequester relief over two years, split evenly between defense and non-defense programs. In fiscal year 2014, defense discretionary spending would be set at $520.5 billion, and non-defense discretionary spending would be set at $491.8 billion.

The sequester relief is fully offset by savings elsewhere in the budget. The agreement includes dozens of specific deficit-reduction provisions, with mandatory savings and non-tax revenue totaling approximately $85 billion. The agreement would reduce the deficit by between $20 and $23 billion.

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