Frank Lautenberg: “This amendment says that if revenues exceed current projections, all the savings can only be plowed into more tax…”

“This amendment says that if revenues exceed current projections, all the savings can only be plowed into more tax breaks; if you have a surplus, back into the tax breaks, not defense, not education, only more tax breaks. Even if the deficit were actually going up due to increased spending, we would still be able to use all unexpected revenues only for more tax breaks. That is fiscally irresponsible. It removes power and flexibility from the congressional majority and it is terrible policy. I urge my colleagues to oppose the amendment. Mr. President, I raise a point of order that the pending amendment is extraneous and violates section 313(b)(1)(A) of the Congressional Budget Act.”