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On the recordMarch 13, 2008
at this time, the Congressional Black Caucus will present our 2009 budget for the fiscal year: Tough Choices, Right Priorities. The Federal budget is $3.1 trillion. Of these four main entitlements: Medicare, programs for over 40 million Americans, disabled children, low-income; Medicaid, 40 million children, low-income, disabled; Medicare, 44 million seniors' health program; and veterans, who have worked to build our country's security over these many years. The budget we have before us invests in American families. It invests in our children, in our families, and it secures us at the same time. There is no tax increase in this budget. And you will hear over and over from the other side that we're increasing taxes. We are not. We are rolling back those permanent tax cuts, for any American citizen who earns over $200,000 will have the regular tax procedure. What we're rolling back and increasing the revenue so that we invest in America's families are incomes over $200,000, that we might ensure all of America's children, that we might invest and save Medicare, as well as Medicaid. We will increase the funding for No Child Left Behind, our premier education program that has never been properly funded. Education is the equalizer. America now falls behind the major nations of the world because our education system is crumbling, and our Congressional Black Caucus budget invests in education.

Editor's note · Context

Presenting the Congressional Black Caucus budget for fiscal year 2009.

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