I have to agree with the chairman of the Budget Committee. I joined him in voting against this budget. But generally this is what this budget does: we are back to the old spend- and-tax ways and increases in the debt. This budget has an increase, over a $900 billion tax increase. We have a nondefense increase in spending of $146 billion. The President has already come in with his budget with a 50-percent increase in spending. Now on top of this, this budget provides $146 billion. Then we look at the debt figures. We see that the debt is increasing by $2.2 trillion. This is unimaginable. If the tax increase goes into place--and that happens because there is no provision in here to make the tax cuts that were passed in the Republican Congress in 2001 and 2003 to make them permanent--by default these taxes are going to increase over $900 billion. That is going to be the largest tax increase in the history of this country.
Wayne Allard: “I have to agree with the chairman of the Budget Committee. I joined him in voting against this budget. But generally…”
Editor's note · Context
Discussing concerns about the proposed budget and its implications for taxes and spending.
Share
More from Wayne Allard
this weekend is the unofficial beginning of summer and the start of the summer driving season. This is as oil hits $135 per barrel and more and more cities and towns all over the country are seeing gasoline prices over $4 per gallon. In…
here we go again. We all know the Senate has limited time left this year to debate important legislation. It is becoming more and more clear the Democratic leadership is staunchly opposed to doing anything that would alleviate the…
I have concerns about the science that some people are claiming here on the floor of the Senate. I think that obviously if we are going to have good policy, we have to have good science. But let me say that from the reports I have seen, I…