Thursday, January 23, 2025

Statement by Secretary Vilsack on the President’s Fiscal Year 2025 Budget

The Biden-Harris Administration has released its highly anticipated President’s Budget for Fiscal Year 2025, and it’s clear that the administration’s focus is on protecting and building upon the historic progress made since President Biden took office. With nearly 15 million jobs created and inflation down by two-thirds, this budget is a testament to the administration’s commitment to improving the lives of Americans.

One of the key priorities of this budget is lowering costs for working families. The administration recognizes the financial struggles faced by many families, especially in the wake of the COVID-19 pandemic. That’s why this budget includes measures to make healthcare more affordable, expand access to childcare, and provide tax relief for middle-class families. By easing the financial burden on working families, the administration is ensuring that every American has the opportunity to thrive and succeed.

The budget also places a strong emphasis on protecting and strengthening Social Security and Medicare. These programs are crucial for millions of Americans, particularly seniors and individuals with disabilities. The Biden-Harris Administration is committed to ensuring that these programs remain strong and sustainable for future generations. This budget includes investments to modernize and improve these programs, as well as measures to crack down on fraud and wasteful spending, ensuring that these vital programs are protected for years to come.

But it’s not just about protecting what we already have; this budget also focuses on investing in America and the American people. The administration recognizes that we cannot continue to thrive as a nation without investing in our infrastructure, education, and healthcare systems. That’s why this budget includes significant investments in these areas, creating jobs and improving the lives of Americans. From repairing and modernizing our roads and bridges to expanding access to quality education and healthcare, this budget is a bold step towards building a better future for all Americans.

In addition to these investments, the budget also includes measures to reduce the deficit. The administration understands the importance of fiscal responsibility and is committed to cracking down on fraud and wasteful spending. This budget also includes measures to ensure that the wealthy and corporations pay their fair share in taxes. By doing so, the administration is taking important steps towards creating a fairer and more equitable society.

The release of this budget is a clear indication of the Biden-Harris Administration’s commitment to putting the American people first. It is a budget that reflects the administration’s values of fairness, equity, and progress. By focusing on lowering costs for working families, protecting vital programs, investing in America, and reducing the deficit, this budget is a comprehensive plan that will benefit all Americans.

It’s also worth noting that this budget is a continuation of the administration’s efforts to build back better from the devastating impacts of the COVID-19 pandemic. With the economy on the road to recovery and millions of jobs created, this budget ensures that the progress made so far is not lost. Instead, it builds upon it and sets a strong foundation for future growth and success.

In conclusion, the release of the President’s Budget for Fiscal Year 2025 is a significant milestone for the Biden-Harris Administration. It is a budget that prioritizes the needs of the American people and lays out a clear roadmap for a better and brighter future. By lowering costs for working families, protecting and strengthening vital programs, investing in America, and reducing the deficit, this budget is a testament to the administration’s commitment to creating a fairer and more prosperous nation. Let us all come together and support this budget, as it is a crucial step towards a better and more equitable future for all Americans.

most popular