On the recordMarch 29, 2012
I appreciate the hard work of my colleague from New Jersey. Today I rise in proud support of the RSC budget that we're discussing here today. This budget offers a clear vision for fiscal responsibility and limited government as well as a path toward accomplishing that vision. In just 3 days, the United States will have the highest corporate business tax rate in the world. In a matter of months, every American, every business owner and every investor will be subject to higher taxes as a result of the expiration of the Bush-Obama tax cuts. That's right, the Bush-Obama tax cuts will expire. This budget addresses these looming challenges not only by proposing to lower tax rates, but it also includes the ticket to make them a reality with reconciliation instructions that require Congress to vote before September 15 on comprehensive tax reform that will actually create jobs in America. On another note, this budget vastly improves Medicare and helps our most needy. The costs of this program are consuming our already cash- strapped Federal and State coffers. In many States, it's not uncommon to spend more on Medicaid than on K 12 education. In converting Medicaid to a block grant program, we will enhance State-level accountability, respect the 10th Amendment, and give States the freedom, flexibility and, yes, accountability they need in order to serve their citizens better at the local and State level.…
