Kaine Statement On Budget Deal
WASHINGTON, D.C. – U.S. Senator Tim Kaine, a member of the bipartisan Budget Conference Committee, released the following statement on the budget deal reached today:
“Ever since I took office last January, I made it a mission to do everything I could to replace the across-the-board sequester cuts that have so severely hurt Virginia and return to normal budgetary order. I even delivered my maiden floor speech last February on the urgent need to find compromise and avert sequestration. Tonight, I’m pleased that after passing a Senate budget for the first time in four years and going to conference with the House, a deal has been reached.
“I’m disappointed that reductions in the cost-of-living adjustment (COLA) for military retirees and cuts to federal employee benefits were included. But the deal goes a long way toward alleviating the most harmful effects of sequestration next year – cuts that have disproportionately impacted federal employees and the defense community – and restoring basic economic certainty to businesses and families across the Commonwealth. It also ensures we won’t suffer another damaging government shutdown next month that would have resulted in more negative consequences for federal employees.
“The two-year, bipartisan agreement will relieve $63 billion of sequester cuts for 2014 and 2015. It will also avert additional defense cuts – including $20 billion in cuts that were set to take effect in January 2014 – and replace non-defense cuts over the next two years. We’ve also given appropriators the certainty they need to write full appropriations bills – a significant step toward ending the dangerous pattern of stopgap, governing-by-crisis measures that have plagued the budgeting process in recent years.
“While I’m still examining the details of the deal, I am pleased a spirit of compromise and cooperation prevailed.”