WASHINGTON, D.C.–More than 11,000 new Mississippi jobs could be created under the budget plan passed overnight by the U.S. Senate, said Sen. Thad Cochran (R-Miss.). The plan passed 52-46, and is in opposition to the president’s plan, which Cochran said does not balance the budget without tax increases.
The Senate plan also does not immediately balance the budget, but would do so over time.
“The budget resolution is a fiscally responsible set of priorities for Mississippi and our nation. The Senate Republican budget balances without raising taxes, provides a means to replace Obamacare, and protects our vital national security interests in the face of evolving threats,” said Cochran.
“This budget plan changes the trajectory of our nation’s fiscal health away from the policies that grow the federal debt to grow the federal debt to maintain an expansive and expensive federal government,” he said.
Pres. Obama, on a stop in Birmingham Thursday, criticized the Republican plan.
“It represents the opposite of middle class economic because it would hand out new tax cuts for millionaires and billionaires, let taxes go up for students and working families because it would eliminate their tax credits on a variety of things,” said Obama. “It would cut investments in education to the lowest levels since 200. It would double the number of Americans without health insurance.”
Republicans, under the Senate plan, continue to push for the partial or entire repeal of ObamaCare. Mississippi Insurance Commissioner Mike Chaney, in an interview on the Gallo Radio Show Thursday, continued to criticize the health insurance plan on its five-year anniversary.
“If you’ve got tax revenue coming in and got to spend it all on Medicaid or other issues because of the federal government, you kill your state’s economy and that’s what we don’t want to do in Mississippi,” said Chaney.
“I don’t know what will happen after September 2017. Hopefully Congress and whoever the new president is can address the issues. I don’t think we’ll ever get rid of everything in the ObamaCare act, but we’ve got to get rid of the mandate and some of the taxes.”
The Senate plan passed early Friday would repeal the act by means of “budget reconciliation”, said Cochran. By focusing on replacing Obamacare, regulatory reform, and increased energy exploration, the Senate resolution would allow the economy to produce $500 billion more in economic output and nearly 11,000 new Mississippi jobs over the next decade, according to the non-partisan Congressional Budget Office, said a news release from Cochran.
