Our budget blueprint accomplishes that, making a significant down payment toward providing the next generation of Americans with a debt-free future. A significant part of any reform plan should involve providing additional prescription drug coverage for seniors who need it, without jeopardizing the coverage many seniors already have. This is a process that s just beginning, but it s my hope that our plan will provide the resources it will take to develop a real reform plan. Green also said he was proud the budget restrained federal spending, spending less money than last year after taking inflation into account. After taking inflation into account, our plan actually reduces spending.
Fiscal restraint is absolutely essential for accomplishing our key goals.
Debt reduction, protecting Social Security and achieving meaningful tax relief can only be achieved if we manage our money carefully. Currently, farmers are permitted to pay taxes on the average of three years of annual income, helping them to compensate for the ups and downs that often come with farming. Green s amendment would call for the IRS to allow farmers to factor in losses as well as income the IRS has considered counted losses as zero-income for purposes of averaging. An amendment giving the Congressional Budget Office authority to provide information regarding the potential financial impact of federal regulations. An amendment pushing the federal government to grant state waivers giving them the freedom and funding to make certain uninsured children are covered by state health insurance plans for low-income families.