WASHINGTON - Rep. Tom Marino, R-10, voted in favor of the Budget Control Act of 2011, a resolution he said adheres to the principles of cut, cap and balance and would set the nation on the right fiscal course, according to a press release issued Friday.
"I believe this legislation is an important step forward for our nation," Marino said.
The plan does not contain a tax increase, includes strict caps on federal spending, cuts discretionary spending by $917 billion while raising the debt ceiling by $900 billion, and provides for a balanced budget amendment to the Constitution.
Marino praised the decision to include the balanced budget amendment in the legislation. As a condition for President Barack Obama to raise the debt ceiling early next year, the legislation mandates a balanced budget amendment be passed by Congress and sent to the states for ratification.
Marino said the bill "accomplishes many of our main goals such as spending cuts, and keeping taxes low.
"It calls for the approval of a balanced budget amendment, which is the best guarantee that we will never again find ourselves in such a financial disaster," he said.