Kent Conrad: “Well, that is the plan. That is what this budget calls for. In 2006…”

On the recordApril 28, 2005

Well, that is the plan. That is what this budget calls for. In 2006, this budget accounts for tax cuts to those who earn on average over $1 million a year, and the tax cuts in the year 2006 alone for those earning over $1 million a year--the cost will be $32 billion for that 1 year alone, and every penny of it borrowed. Where are we borrowing it from? Much of it is being borrowed from Japan, China, and countries all over the world. Does anybody really think that is a good idea?

Said by

Kent Conrad

Democratic · North Dakota

Source

govinfo.gov

Share on X Share on Facebook Email this quote

More from Kent Conrad

Apr 4, 2017

Millions of Americans are financially unprepared for their retirement.

congress.gov

Oct 18, 2023

We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.

congress.gov

Apr 4, 2017

I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.

congress.gov

Sep 11, 2024

Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.

congress.gov

View all Kent Conrad quotes

Other voices in this conversation

Kent Conrad: “Well, that is the plan. That is what this budget calls for. In 2006, this budget accounts for tax cuts to those who earn…”