John Yarmuth: “I appreciate my friend being willing to yield. I rise in opposition to this rule which deems, as if passed, a budget…”

“I appreciate my friend being willing to yield. I rise in opposition to this rule which deems, as if passed, a budget resolution that, at best, is an economic fantasy and, at worst, does serious damage to our country. The rule before us today is further proof that our Republican colleagues are continuing to rely on faith-based accounting in this budget. They are closing their eyes and praying that it works. But it doesn't work. The numbers don't add up, and this rule makes those shortcomings clear. The funding levels deemed in this measure do not meet our moral obligation to move our country forward and help the American people. Not only do they fail to meet the needs of the people we represent, they fail to meet a basic standard of honest budgeting. For example, we know that trickle-down economics doesn't work. We have seen that time and time again, unfortunately, in this century. Yet, this rule puts in place funding levels that are supposedly balanced by the unsupportable belief that tax cuts generate more revenue. The Republican budget proposals will result in dramatic cuts to education, infrastructure, and innovation, cuts to investments that we know we need to prepare our children and grandchildren to lead the world in the new global economy and to grow our economy. This deemed budget resolution pretends we can afford more tax cuts for the ultrawealthy who do not need them, while it increases taxes for middle class families that they can't afford.…”