Budget
![](https://webarchive.library.unt.edu/web/20121007190431im_/https://schwartz.house.gov/sites/schwartz.house.gov/files/Budget%20Committee%202_0.jpg)
The federal budget is a statement of our priorities and values as a nation. At a time when we face significant economic challenges, we must put forward a budget that ensures we meet our obligations, reduce our deficit, and grow our economy.
We must first commit to reducing the nation’s deficit in a balanced and fiscally responsible manner. Spending cuts must be balanced with increased revenue and greater efficiency and effectiveness from all sectors of government in order to sustain a steady economic recovery. Both cuts and revenue must protect and grow a robust middle class, incentivize small business and domestic manufacturing, and eliminate unnecessary and costly special interest tax breaks.