I support the Brewster amendment, but I want to make it clear it does not correct the irresponsibility in the provisions of the Contract With America on deficit reduction, because of the way that the proposal for the tax cut will be coming to the floor, and there is still going to be pressure on programs on our most vulnerable in order to finance a tax cut for the most wealthy. In the next 5 years all of us hope we will be doing a lot more than deficit reduction that would be in this lockbox. If we do not cut $188 billion more, which is that the tax cut will take out of the Treasury, if we do not get $188 billion despite the fact we might have some money in the lockbox, the deficit will continue to grow. So this lockbox will not protect us from making sure that our programs that affect our children that we are cutting, that those dollars will, the fact, go to reducing the deficit if we do not address how we are going to finance the $188 billion. This tax cut goes to the most wealthy.
Editor's note · Context
Discussing the implications of the Brewster amendment and tax cuts during a debate on deficit reduction.
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