President Biden's FY22 budget proposal lays out a visionary plan that will address our nation’s needs, build a more secure future, and invest in the American people.
In a recent House Budget Committee hearing, Members heard from the Hon. Shalanda Young, Acting OMB Director, about how the budget proposal will benefit the American people.
The House Budget Committee Democratic Caucus is fighting for budget priorities that reflect the values of families across the country. We are committed to investing in our country's future, growing the economy, and preserving the progress we've made in areas like employment, health care, and tax fairness – while keeping our promises to seniors, veterans and the most vulnerable among us.
The president's fiscal year 2022 budget
details his agenda for this year to help grow the economy,
create good-paying jobs,
empower an equitable economic recovery.
It includes the two historic plans
the president has put forth,
the American Jobs Plan and the American Families Plan,
and reinvest in education, research, and public health,
and other foundations of our country's strength
through the discretionary request.
President Biden has proposed a transformative budget
that will ensure we emerge
from these past 15 months of crisis
stronger and better prepared for the future than ever.
And in the wake of a once-in-a-century pandemic
that crippled our economy and changed life as we know it,
now is the time to go big and be bold
to get America back on track.
And there's so much in this budget to celebrate.
If we want to expand the economy for everyone,
we have to make these investments.
The 2022 budget, I really appreciate the focus
that this budget puts on infrastructure
in building out our middle class
and particularly strengthening public schools.
Very important priorities.
According to the Business Roundtable,
for every dollar that you spend in infrastructure,
you grow the economy by $3.70.
Also, very, very glad to hear
you talking about infrastructure
and really more than just talking about infrastructure.
We've done that for a long time,
but now we have a serious infrastructure proposal.
Rebuilding infrastructure is central to growing the economy.
We are long overdue for a rebuild in our country.
We cannot go small.
We have to go big.
President Biden's budget
will put millions of Americans back to work,
in part by investing in our crumbling bridges,
roads, tunnels, airports, mass transit system,
water and sewage system,
and also by investing in the caring economy.
But in order to create the jobs that we want to see,
we need to also have an investment in human infrastructure.
The budget invests $225 billion over 10 years
to make childcare more affordable and accessible.
Then it provides free universal preschool,
which is an enormous benefit to working families.
This budget is largely a bold and progressive budget
that recognizes that we need
those once-in-a-generation investments
in education, childcare, healthcare, infrastructure.
I'd like to start by thanking the administration
for including 12 weeks of paid family leave in the budget
as the U.S. remains the only industrialized country
that does not guarantee its citizens
time off to care for themselves
or their loved ones when needed.
In this budget, invest in the American people.
Thank you.
