Rick Allen: “I bring forth this amendment on behalf of myself, Senator Brownback, Senator Craig, and Senator Hutchison of Texas. This…”

“I bring forth this amendment on behalf of myself, Senator Brownback, Senator Craig, and Senator Hutchison of Texas. This measure is the tax cut accelerator amendment which will help provide the assurance that we live up to our obligation to American families and make sure they receive the tax relief they deserve. The way this works is if the Congressional Budget Office's January report projects higher than expected on-budget surpluses over the previous year, then this amendment would require the Budget Committee to make the appropriate budgetary adjustments by reducing the on-budget revenue aggregate by the same amount as previously unaccounted for--the unaccounted for on-budget surplus. It instructs the Finance Committee to increase the amount of tax relief by the same amount, and the bottom line is it sends money back to the people and not to fund increased Government spending.”