Political Quotes

On the recordOctober 19, 2017
later today the majority is going to attempt to pass a budget for 2018. Passing a budget has come to mean all sorts of things in Congress these days. Last year's budget was an attempt to repeal the Affordable Care Act. This budget is supposedly all about tax reform. However, a budget, first and foremost, should be a statement about priorities for the coming year and for the coming decade. Let's take a moment and examine what this budget says about the majority's priorities. With any budget, I think you need to look at the end result and ask a couple of very simple questions. First, does this budget help reduce Federal deficits and debt with a responsible, sensible approach? Second, does this budget, ultimately, put us on a sustainable fiscal path? The answer to these questions is a clear no. Instead, this budget is primarily intended to allow the majority to use an expedited procedure to move tax breaks that would increase the deficit by $1.5 trillion over the next decade. My colleagues on the other side of the aisle will say that this lost revenue is offset by spending cuts and promises of new revenues from economic growth far beyond what almost every single mainstream economist predicts. Let's look at the trillions in cuts that the majority is proposing. Where the budget is specific, it is bad. Medicaid is cut by $1 trillion. Medicare, which provides essential healthcare services to our seniors, is cut by $470 billion.…
Said by
Gary Peters
Democratic · Michigan
Source
govinfo.gov
Oct 19, 2017

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