On the recordMarch 21, 2013
I wish to add my thanks to the chairman of the Armed Services Committee and the leader in this effort to close some of these abusive and unnecessary and wasteful loopholes. I also thank Senator Whitehouse and Senator McCain for their leadership in this effort, which is about fundamental fairness. Most importantly, let me thank Senator Murray for the hard work, the courage, the strength it has taken to put together a budget that is intensely complex, dealing with issues that are hugely challenging, and craft a solution that presents a vision for the future of America that is very distinct and different, as well as very preferable to the one presented by the House budget. The House insists on a cuts-only approach and absolutely refuses to consider new revenue. The solution crafted by Senator Murray and her committee has opted for balance and compromise--two words that unfortunately are too often missing from our deliberative process. Our budget achieves $1.85 trillion in new deficit reduction, with an even mix of $975 billion of new revenue and $975 billion in responsible spending cuts. That is a real achievement. We are here today to talk about cutting loopholes, tax breaks, giveaways to people who don't need them and corporations that don't deserve them. Their existence undermines the fundamental fairness of our Tax Code.…





