Dan Coats: “I want to start out by thanking Senator Domenici, the ranking member of the Budget Committee. He has worked very, very…”

“I want to start out by thanking Senator Domenici, the ranking member of the Budget Committee. He has worked very, very closely with many of us to fashion a Republican alternative here that I think redirects the priorities of how we deal with taxpayer's funds. It is a budget that takes into account the needs of families, the needs of businesses to provide growth, and therefore, opportunity and jobs for families. We successfully address, in a serious way, the Federal deficit, which undermines our future from both an economic standpoint and from the sociopolitical standpoint. We are simply denying opportunities that we have enjoyed to future generations. Unless we take serious steps to address the deficit, we are going to be passing on something to future generations none of us will be proud of. The Republican alternative effectively deals with reducing the budget deficit. I thank Senator Domenici for his very significant efforts in crafting an alternative that philosophically presents a clear choice to Members of the Senate and to the American public. The part of the Republican alternative I want to address, in the limited time I have, is the $500 tax credit, which will be made available to 52 million American children.”