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Tim Johnson on re-election and budget


SIOUX FALLS, S.D. (KELO AM) - Senator Tim Johnson said today he'll make an announcement before the end of the month concerning a possible re-election bid.

     Johnson says it will give him, or another candidate, time to gear up for a campaign.  He says he hasn't made up his mind entirely.

     There's been speculation that Johnson's son, United State's Attorney for South Dakota, Brendan, may run if his father does not.

     Meanwhile...Johnson says two budgets proposed this week would lead South Dakota, and the country, in very different directions.

     Johnson says Senate Budget Committee Chairwoman Patty Murray will introduce today a responsible and balanced budget that asks corporations and the wealthiest to pay their fair share and cuts spending in a responsible manner.

     He says House Republican Budget Committee Chairman Paul Ryan released a budget that has been proposed twice before and rejected by the Senate and the President.  He says the Ryan budget starts by ending Medicare, as we know it, by proposing to turn it into a voucher system. Johnson says that will put the burden of paying for healthcare on the nation's seniors.

     He says corporate loopholes that allow companies, like General Electric, to pay no federal income taxes should be eliminated.  Johnson says hedge fund managers should pay the same rate of income taxes that working families do.

     Johnson says a balanced budget should include both taxes and cuts.