Chris Murphy: “We are talking here about adding $3.2 trillion to the deficit over the next 2 years, $3.2 trillion to a deficit that is…”

“We are talking here about adding $3.2 trillion to the deficit over the next 2 years, $3.2 trillion to a deficit that is already exploding beyond any numbers of previous Congresses. Remember, this Congress inherited when the Republicans took control in 1994 a surplus. They had money to spend and they have turned it into record deficits, and now the President is going to add on to it. Now, here is the other part, Mr. Altmire, that creates the problem. This budget that was presented to us today not only doesn't include the cost of the war, doesn't include fixing this middle class tax increase, also paints a real rosy picture in term of revenues, but it also has some tax breaks in it, but they are tax breaks for the very, very wealthy. We have got another $2 trillion in tax breaks over the next 10 years in this budget, and as we know because we have all seen the charts in the 30-something Working Group, because I have watched them on TV talk about it for the last 2 years. Those tax breaks, Mr. Altmire, are going to end up going to the richest 1, 2, 3 percent of Americans, and the hard working middle class families in and around the Pittsburgh area where you are and in and around northwestern Connecticut aren't going to get the benefit of those tax breaks.”