On the recordApril 9, 2014
The gentleman referred to the House Republican budget a couple times. Just to remind my colleagues that the House Republican budget claims to balance in 10 years. It also claims to get rid of all the Affordable Care Act, all of ObamaCare, but the reality is it has over $2 trillion in revenues and savings from the Affordable Care Act. Here is what The Heritage Foundation had to say about the budget: Perhaps the biggest shortcoming of this budget is that it keeps the tax increases associated with ObamaCare. So our Republican colleagues keep saying their budget balances in 10 years, then they keep saying they are repealing all of Affordable Care Act. Both things cannot be true. Now, what is true about the House Republican budget is the priorities it reflects, and, once again, it protects and rigs special interests tax breaks for very powerful groups at the expense of the rest of the country. Yes, as I indicated earlier, the President has proposed that we get rid of some of the tax breaks that actually have a perverse incentive for companies to ship jobs overseas, to close those tax breaks, use that revenue to invest in our infrastructure and help power our economy right here at home. From a Republican colleague's perspective, oh, no, you can't cut one special interest tax break, not for hedge fund owners, not for Big Oil companies. No, no, you can't do that. But you know what you can do?…
