I recently served on the Budget Committee for 8 years, during which time we had the only four balanced budgets in recent history. I am sad to see, however, that today's budget envisions what could amount to the largest tax increase in American history to pay for higher spending. The budget would increase discretionary spending at roughly three times the inflationary rate while failing to achieve real savings for taxpayers. Taxes will grow by at least $217 billion as pro-growth tax relief is allowed to expire. Even the child tax credit and marriage penalty relief may not be extended. I urge Members to reject this budget.
WALLY HERGER: “I recently served on the Budget Committee for 8 years, during which time we had the only four balanced budgets in recent…”
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Addressing concerns about the proposed budget and its potential tax increases.
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