Budget Begins to Reverse the Middle Class’ Decade-Long Decline, Restore Economic Security to American families.

MADISON-Democratic Party of Wisconsin Chair Mike Tate released the following remarks today on President Obama’s proposed budget for FY 2011, providing concrete steps to move  the nation from recession to recovery by sparking job creation and building a new foundation for the long-term prosperity for all American families.

“The new budget proposal is President Obama’s latest aggressive move to put Wisconsin and working families nationwide first. When the President took office, the economy was on the brink of a depression, and the economic crisis required immediate and extraordinary steps to prevent a complete economic collapse that would have caused millions more to lose their jobs,” Tate said. “But as the middle class struggles – even as the economy shows encouraging signs of improvement – the President has signaled his full commitment to job creation through the private sector and strengthening the economic security of American families with investments in education, clean energy, infrastructure and innovation.”

"The fiscal year 2011 budget will make important investments in job creation and health care and make the tough choices we must make to begin getting our fiscal house in order.  President Obama's budget would reverse the declines middle-class families have experienced over the past decade, a decade where Americans worked harder for less; where a college education became less affordable; where health care costs skyrocketed and cut into wages.  Specifically, the budget would provide access to credit for small businesses and entrepreneurs – while eliminating taxes on investments in small businesses – so that these firms can grow and hire. It make inroads in opening markets abroad to American-made goods and services, giving our companies the best chance for expansion and creating new jobs for American workers; help build new clean energy economy; and propose historic reform and investment in our schools to give our kids the skills they need to succeed in the 21st century economy."