Statement on Senate Action on Federal Budget Legislation

I want to say I've got a little news I'd like to report. I'm really pleased to report that the United States Senate just moments ago passed a budget that funds our Nation's priorities and allows for over $1.2 trillion of meaningful, real tax relief for the American people.

The House has already passed $1.6 trillion of tax relief. Now the House and Senate will work to find common ground between these two budget plans, and the result will be the largest tax relief in decades. The fact that both Houses of Congress have committed to provide significant relief is good for the American people, and it's good for the economy.

When the House and Senate complete their work, they will have paved the way so the American people can receive an across-the-board income tax reduction, a doubling of the child credit, relief from the marriage penalty, and the elimination of the death tax. This budget also wisely increases spending on education, funds priorities like Medicare and Social Security, and pays down a record amount of debt.

I applaud today's action and congratulate the Republicans and Democrats who helped make it happen.