Political Quotes

“Senator Thune's amendment took the exact opposite approach to the Democratic leadership's substitute. It cuts taxes by $26 billion by extending current law. It cut spending by over $100 billion, and reduced the deficit by $68 billion. According to the Congressional Budget Office, CBO, the current version of the Democratic leadership's extenders substitute would increase direct spending by about $105 billion through 2020 and raise revenues by about $50 billion over that period, resulting in a net deficit increase of about $55 billion for the 2010-2020 period. The Thune amendment would reduce the deficit by $13 billion more than the amount the Democratic leadership's extender substitute would add to the deficit. Senator Thune's amendment reached this better fiscal result by restraining Federal spending.”