Frank Pallone: “last month I voted in favor of the balanced budget resolution, but as the details of this budget become known, I am more…”

“last month I voted in favor of the balanced budget resolution, but as the details of this budget become known, I am more reluctant to support the final budget product. The Democratic tax cut plan targets the bulk of the tax cuts to working families and to those who need assistance. The Republican plan does not. Their proposal would actually increase taxes for those with incomes below $15,900, while those making nearly $250,000 and beyond would receive over half of the tax cuts. Not only is this unfair to low-income families, but it also leaves very little tax relief for the average working family. In addition to the skewed Republican tax scheme, Republicans have also abandoned their agreement to help low-income seniors pay for rising Medicare premiums. Mr. Speaker, the Republicans are putting the balanced budget agreement at risk by insisting on only helping their wealthy friends.”