Bill Pascrell: “After sitting through 13 hours of our budget markup, I could tell you that this $294.8 billion goes a long way in making…”

“After sitting through 13 hours of our budget markup, I could tell you that this $294.8 billion goes a long way in making up for the devastating cuts that the other side of the aisle has inflicted on the middle class. It is also important to note that the budget does not assume, Mr. Ranking Member, the repeal of the estate tax. Where the heck are they going to get the $294.8 billion? It assumes a revenue-neutral--I like it when they say it--a revenue-neutral reform. It assumes that revenues will be exactly what CBO projects under current law for the next 10 years. We really have only two conclusions: either this bill is directly contrary to the budget, or it is not paid for today. Congress will, at some point, have to sit down and go down the road, pass a tax hike to pay for this massive deficit-financed tax cut. You have no choice. You can't have it both ways. I would like to hear from my good friend, the chairman, what his path will be to make up for this $294.8 billion. That is a lot of money, Mr. Speaker. Where the heck is it coming from?”