President Barack Obamas $3.8 trillion budget proposal, unveiled Wednesday, has been met with a less-than-enthusiastic response by federal lawmakers representing the north country.
Rep. William L. Owens, D-Plattsburgh, said the proposal isnt likely to be embraced by the House or Senate both of which have already introduced their own budget proposals.
I would be surprised if this came to the floor, Mr. Owens said, adding he hopes some sort of compromise will be reached.
I think theyve now staked out their grounds, Mr. Owens said. Now they need to negotiate.
But Mr. Owens said the presidents plan is not all bad. He said it has many parts he strongly supports.
Its a budget that does reduce the deficit, he said. I think thats an important step.
The proposal carries a $1.8 trillion deficit reduction plan over the next decade.
I want to see spending cuts and I want to see an increase in revenue, he said.
The budget proposal would see $2 in spending cuts for every $1 of new revenue, thanks to closing loopholes and reducing tax benefits for the wealthy.
U.S. Sen. Charles E. Schumer, D-N.Y., also had positive comments about the budget proposals business focus.
Overall, this is a jobs-focused budget that invests in infrastructure, education and scientific research; it will strengthen our competitiveness and help middle-class incomes rise, Mr. Schumer said in an emailed statement.
Mr. Owens was also happy with a provision that would give small businesses a 10 percent tax credit when they hire new workers or increase wages.
The concept is where we need to be working on, Mr. Owens said, noting he introduced similar legislation in February.
And while there are great differences between the presidents tax credit formula and his own, Mr. Owens said he is encouraged that the discussion is headed in that direction.
U.S. Sen. Kirsten E. Gillibrand, D-N.Y., said in a statement Wednesday she was pleased with the presidents support for universal prekindergarten that would be funded through increased taxes on tobacco products.
But thats where the praise ended.
Mr. Owens, Mr. Schumer and Mrs. Gillibrand were firm in their objections to the presidents proposed $100 billion cut to Social Security a reduction made by recalculating the cost-of-living adjustment for beneficiaries.
I do not believe that Social Security cuts are needed or the best way to reduce our deficit, Mr. Schumer said.
Mrs. Gillibrand added she would strongly object to cutting Social Security.
Because the presidents proposal includes another round of military base reductions and closures, Mr. Owens said, for that reason alone, it would make it very difficult for me to vote for the budget.