On the recordMarch 15, 2006
Furthermore, doesn't this budget make it clear their prime priority on the other side is to provide these tax cuts, which overwhelmingly benefit the wealthy? The consequence of that is either we run up the deficit and debt or we cut programs that are badly needed across the country, particularly for working people. So the priority that is being established is tax cuts first and foremost, which upon analysis are seen to benefit--I understand the tax breaks for millionaires that have passed under the Bush administration, the people with more than $1 million of income each year, amount to $41 billion in the coming year--$41 billion. The community development block grant proposal was for $984 million, one-fortieth of the amount going out in the tax cuts. So those are the priorities that are being established here--the tax cut first and foremost--and the consequence is, you run up the deficit and cut programs which are badly needed by ordinary citizens all across America. The PRESIDING OFFICER (Mr. Graham). The Senator's 5 minutes has expired.
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