Frank Pallone: “we found out this morning that the Republicans have come together on a unified budget bill that is far worse for the…”

“we found out this morning that the Republicans have come together on a unified budget bill that is far worse for the average working American than the previous versions that passed the House and Senate. Their unified tax bill is even more unfair to working families and deeply skewed to help the wealthy. In particular, the Republicans have refused to scale back on one of their prize tax breaks for the wealthy, allowing investors to index their capital assets to inflation and thereby reducing their taxes. Of course, the media and the American people are waking up to this Republican proposal. Today in the Washington Post the headline in the editorial said ``A Dismal Budget Prospect.'' If I could read from a section, it says: The tax provisions remain the worst aspect of the legislation. Why? The President has stated two great objections to them: They are tilted hugely toward the very rich, and in the long run, would be a far larger drain on the Treasury than their authors acknowledge. The Republicans today in this unified tax plan have given no ground on either count; again, huge tax breaks for the wealthy and a ballooning of the deficit.”