WALLY HERGER: “we are now in year two of the Democrat majority. For the second year in a row they're proposing a budget that calls for…”

“we are now in year two of the Democrat majority. For the second year in a row they're proposing a budget that calls for the largest tax increase in American history, $683 billion significantly more than last year's budget. For our constituents, this means eliminating the lower marginal tax rates, a new penalty on marriage, a lower child tax credit, and new taxes on investment and retirement savings. In California, taxpayers can look forward to an additional $3,331 in taxes. Meanwhile, anticipating a tax hike, our Nation's employers would think twice before hiring that next worker or investing in new infrastructure. Madam Chairman, we need permanent tax relief, not higher taxes. What's more, this Democrat budget fails to address the long-term solvency of Social Security and Medicare. Every year we do nothing, as prescribed in the budget before us, our future debt goes up by another $2 trillion. Without reform, our three largest entitlement programs will keep growing until they crowd out everything else in the Federal budget, from national defense to transportation, to assistance for the poor. Ignoring the problem will not make it go away. I urge my colleagues to vote ``no'' on this budget and support our more responsible Republican alternative.”